Fixed Deposit Calculator

Calculate your guaranteed returns on Fixed Deposits. Compare cumulative compound growth against regular monthly or quarterly payouts to suit your financial needs.

Guaranteed Returns Payout Options Smart Export

FD Details

₹
₹1k₹1 Cr
110+

Rates & Structure

%
1%15%
Cumulative FD: Interest is compounded based on your frequency choice and paid out at maturity. Perfect for long-term growth.

Investment Details

Tax Details

Fixed Deposit

Recurring Deposit

FD Laddering is a strategy to divide your investment into multiple FDs with different tenures to manage liquidity and interest rate risks.

Ladder Structure

Yield Projection

Understanding Fixed Deposits

Fixed Deposits (FDs) remain one of the most reliable and popular saving instruments in India. Learn the nuances of how they work.

Unmatched Safety

Your capital is well-protected. Bank FDs in India are insured up to ₹5 Lakh per depositor per bank by the DICGC (Deposit Insurance and Credit Guarantee Corporation), an RBI subsidiary.

Guaranteed Returns

Unlike market-linked investments (like Mutual Funds or Stocks), the interest rate you lock in at the time of opening the FD is guaranteed throughout its tenure, shielding you from economic downturns.

Cumulative vs Non-Cumulative

Cumulative: Interest is reinvested back into the principal, compounding over time. Non-Cumulative: Interest is paid to your savings account monthly, quarterly, or half-yearly.

Tax Saver FDs

You can claim tax deductions up to ₹1.5 Lakh under Section 80C by investing in a 5-year Tax Saving FD. However, these FDs come with a strict 5-year lock-in period and do not allow premature withdrawal.

Universal Accessibility

Our tools are built with WCAG standards in mind, ensuring a seamless experience for users across all devices and assistive technologies.

Data Privacy First

We process all data locally in your browser whenever possible. Your sensitive information never touches our servers.

Frequently Asked Questions

Common queries about Fixed Deposit rules, taxation, and terms.

Is FD interest taxable?
Yes, the interest earned from an FD is fully taxable based on your income tax slab. Banks are required to deduct TDS (Tax Deducted at Source) at 10% if your interest income across all branches of a bank exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year. To avoid TDS if your overall income is below the taxable limit, you can submit Form 15G (or Form 15H for senior citizens) to the bank.
Can I withdraw my money before maturity?
Yes, premature withdrawal is permitted by most banks for standard FDs in case of an emergency. However, banks impose a penalty—usually reducing the applicable interest rate by 0.5% to 1% for the period the deposit was actually held. Tax Saver FDs (5-year lock-in) cannot be withdrawn prematurely.
Why does compounding frequency matter?
Compounding frequency determines how often your earned interest is added to your principal. Quarterly compounding (standard in Indian banks) means interest is added every 3 months. The more frequent the compounding (e.g., Monthly), the higher your effective annual yield will be on the same base interest rate.
Do Senior Citizens get higher interest rates?
Yes, almost all banks and NBFCs in India offer senior citizens (aged 60 years and above) an additional premium of 0.50% to 0.75% per annum over standard regular FD interest rates.
Is this tool free to use for commercial projects?
Yes, all our tools are free for both personal and commercial use. You can generate assets for your business, clients, or side projects without any licensing fees.