🏛️ FD Calculator
Compute a fixed deposit's maturity value with standard quarterly compounding (the convention Indian banks use), or the periodic income in monthly/quarterly payout mode. Senior citizens typically earn ~0.5% extra — just set your card rate.
Inputs
Results
How it's calculated
Cumulative: A = P × (1 + r/4)^(4t). Monthly payout: ≈ P × r ÷ 12 per month (banks pay at a slightly discounted rate). Quarterly payout: P × r ÷ 4.
Frequently asked questions
Is FD interest taxable?
Yes, fully, at your slab rate. Banks deduct 10% TDS when interest exceeds ₹50,000 a year (₹1 lakh for senior citizens, limits per Budget 2025). Effective post-tax return in the 30% slab is ~4.6% on a 6.6% FD.
What are current FD rates?
As of mid-2026, large banks pay roughly 6.25–7% for 1–3 year deposits and small finance banks up to ~8%; senior citizens get ~0.5% extra. Rates change with the RBI cycle — enter your bank's exact card rate.
