FD Calculator India 2026 — Fixed Deposit Maturity & Interest
Free FD calculator for India 2026. Compute fixed-deposit maturity amount, interest earned, and post-tax returns for SBI, HDFC, ICICI, Axis & post-office FDs. Quarterly compounding, TDS-aware.
FAQs
How is FD interest calculated in India?
Most Indian banks use quarterly compounding: M = P × (1 + r/4)^(4t), where P is principal, r is the annual interest rate (decimal), and t is tenure in years. Our calculator follows this exact RBI-aligned method.
What's a good FD interest rate in 2026?
Senior-citizen FDs at PSU banks (SBI, Canara, Bank of Baroda) are around 7.5%; small finance banks (Suryoday, Unity) offer up to 8.6% on 2–3 yr buckets. Private banks typically 6.5–7.25%.
Is FD interest taxable?
Yes — interest is added to your income and taxed at your slab rate. Banks deduct TDS at 10% if interest exceeds ₹40,000/yr (₹50,000 for seniors). Use Form 15G/15H if your total income is below the basic exemption limit.
FD vs PPF vs ELSS — which is best?
FD: 100% safe, 6–7.5% return, fully taxed. PPF: 7.1% tax-free, 15-yr lock. ELSS: ~12% historical, 3-yr lock, LTCG ₹1L exempt. For tax-saving + best post-tax: ELSS > PPF > tax-saving FD.
Can I break a fixed deposit early?
Yes — most banks levy a 0.5–1.0% penalty on the earned interest rate for premature withdrawals. Sweep-in FDs and short-tenure FDs reduce this risk.
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