Calculate Fixed Deposit maturity amount and interest earned instantly
| Year | Opening Balance | Interest | Closing Balance |
|---|
| Bank | General Rate | Senior Citizen |
|---|---|---|
| SBI | 6.50% – 7.25% | 7.00% – 7.75% |
| HDFC Bank | 6.60% – 7.40% | 7.10% – 7.90% |
| ICICI Bank | 6.70% – 7.60% | 7.20% – 8.10% |
| Axis Bank | 6.75% – 7.75% | 7.25% – 8.25% |
| Kotak Mahindra | 6.20% – 7.90% | 6.70% – 8.40% |
| IDFC FIRST Bank | 6.50% – 8.25% | 7.00% – 8.75% |
| Unity Small Finance | 7.00% – 9.00% | 7.50% – 9.50% |
* Rates are indicative. Click any bank to use that rate. Verify current rates on respective bank websites.
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Our Fixed Deposit Calculator helps you calculate the maturity amount and interest earned on your FD. Enter the principal amount, interest rate, tenure, and compounding frequency to see your returns instantly.
FD rates in India range from 6.5% to 9% depending on the bank and tenure. Senior citizens get an additional 0.25% to 0.75% interest. Small Finance Banks typically offer higher rates than large banks.
What is a Fixed Deposit?
A Fixed Deposit is a financial instrument where you deposit a lump sum amount with a bank for a fixed period at a predetermined interest rate. It is one of the safest investment options in India with guaranteed returns.
How is FD interest calculated?
FD interest is usually compounded quarterly. Formula: A = P(1 + r/n)^(nt) where P = Principal, r = Annual rate, n = Compounding frequency (4 for quarterly), t = Time in years.
Is FD interest taxable in India?
Yes, FD interest is fully taxable as per your income tax slab. If interest exceeds ₹40,000 per year (₹50,000 for senior citizens), the bank deducts TDS at 10%. Tax Saver FDs with 5-year lock-in qualify for Section 80C deduction.