FD Calculator — Fixed Deposit Maturity Amount
Calculate your Fixed Deposit maturity amount with accurate compound interest. Supports quarterly, monthly, half-yearly and annual compounding frequencies.
• Guaranteed returns with capital protection
• Interest rates vary by bank and tenure
• Tax applicable on interest earned
Your FD Results
Enter your details and click Calculate to see results
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What is a Fixed Deposit Calculator?
An FD calculator helps you calculate the maturity amount of your Fixed Deposit based on the principal, interest rate, tenure, and compounding frequency. Fixed Deposits are one of the safest investment options in India, offered by banks and NBFCs with guaranteed returns backed by DICGC insurance up to ₹5 lakh per depositor per bank.
FD Compound Interest Formula
Our FD calculator uses the standard compound interest formula used by all Indian banks:
Where P = principal, r = annual rate, n = compounding frequency per year, t = tenure in years
Most banks in India compound FD interest quarterly (n=4). Some offer monthly compounding for higher effective yields. Our calculator lets you choose the exact frequency to match your bank's terms.
FD Interest Rates in India — April 2026
The RBI held the repo rate at 5.25% in April 2026. FD rates are broadly stable. Here are current rates from major banks:
| Bank | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| SBI | ~6.20% | 6.30% | 6.05% |
| HDFC Bank | 6.25% | 6.35% | 6.45% |
| ICICI Bank | Up to 6.50% | Up to 6.50% | Up to 6.50% |
| IDFC FIRST Bank | 7.40% (390-day) | 7.25% | 7.00% |
| Small Finance Banks | 7.00–7.25% | 7.25–7.50% | 7.00–7.15% |
Rates are indicative as of April 2026. Senior citizens get an additional 0.50%. DICGC insures deposits up to ₹5 lakh per depositor per bank including interest. Always verify with your bank before investing.
Frequently Asked Questions
Is FD interest taxable?
Yes. FD interest is fully taxable as per your income tax slab. Banks deduct TDS at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H if your income is below the taxable limit to avoid TDS.
What is the difference between monthly and quarterly compounding?
Monthly compounding (n=12) gives slightly higher returns than quarterly (n=4) because interest is added to principal more frequently. For a ₹1 lakh FD at 7% for 5 years: quarterly gives ₹1,41,478 while monthly gives ₹1,41,763 — a difference of ₹285.
Are FDs safe?
Bank FDs are insured by DICGC up to ₹5 lakh per depositor per bank — including both principal and accrued interest. Deposits across all branches of the same bank are aggregated for this limit. To keep larger amounts insured, spread deposits across multiple different banks.
Should I choose FD or debt mutual funds in 2026?
Since April 2023, both FDs and debt mutual funds are taxed at your income slab rate — the indexation advantage for debt funds was removed. FDs win when you need guaranteed returns and a fixed maturity date. Debt funds win when you need flexibility to redeem any portion at any time without penalty. For emergency funds, liquid funds are more practical than FDs.
Are small finance bank FDs safe for higher rates?
For deposits within the ₹5 lakh DICGC limit, small finance bank FDs at 7.25-7.50% are just as safe as large bank FDs — the insurance protection is identical. The higher rate is genuine extra return. Beyond ₹5 lakh, large banks carry lower default risk.
Related Reading
Best FD Rates in India — April 2026 Comparison
Complete rate comparison across PSU banks, private banks, and small finance banks with verified April 2026 data.
FD vs Debt Funds — Which Is Better in 2026?
Honest comparison on returns, tax, liquidity and risk after the 2023 indexation change.
RBI MPC April 2026 — What the Rate Decision Means for FDs
Repo rate held at 5.25%. What this means for FD rates and whether to lock in now.
Why Your 7% FD Is Probably Not Growing Your Wealth
Real vs nominal returns — what your FD is actually earning after inflation and tax.