FD Calculator
Calculate your fixed deposit maturity amount and interest earned over time.
Deposit vs Interest
Year-wise Growth
Year-by-Year Breakdown
| Year | Deposit | Interest Earned | Value |
|---|
What is a Fixed Deposit (FD)?
A Fixed Deposit is one of the most popular and safest investment instruments in India. You deposit a lump sum amount with a bank for a fixed period at a predetermined interest rate. The bank guarantees the return of your principal along with the agreed-upon interest at maturity, regardless of market conditions.
FDs are insured by DICGC up to ₹5 lakhs per depositor per bank, making them virtually risk-free for amounts within this limit.
FD Maturity Calculation Formula
Where P = Deposit amount, r = Annual interest rate (decimal), n = Compounding frequency per year, t = Tenure in years.
Current FD Interest Rates (Indicative)
| Bank | 1 Year | 3 Years | 5 Years |
|---|---|---|---|
| SBI | 6.80% | 7.00% | 6.50% |
| HDFC Bank | 6.60% | 7.10% | 7.00% |
| ICICI Bank | 6.70% | 7.00% | 7.00% |
| Post Office TD | 6.90% | 7.00% | 7.50% |
Rates are indicative and subject to change. Verify with respective banks.
Tips for FD Investors
- Ladder your FDs. Split your investment across multiple FDs with different tenures for better liquidity and to capture rate changes.
- Consider tax-saving FDs. 5-year FDs qualify for Section 80C deduction up to ₹1.5 lakhs.
- Choose cumulative option if you don't need regular income. Compounding boosts your total returns.
- Compare rates across banks. Small finance banks and corporate FDs often offer 0.5-1.5% higher rates.
- Submit Form 15G/15H if your total income is below taxable limit to avoid TDS deduction.
Calculate Your FD Returns
Enter your deposit amount and see how much you'll earn at maturity.
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