FD Calculator
Fixed deposit maturity
Fixed Deposit Details
Senior citizens get 0.50% higher rate
FD Maturity Details
About Fixed Deposit Calculator
Our Fixed Deposit (FD) calculator helps you estimate maturity amounts, interest earned, and monthly income from bank fixed deposits. Whether you're saving for retirement, children's education, or building an emergency fund, FDs offer guaranteed, risk-free returns.
The calculator supports both cumulative (interest reinvested, paid at maturity) and non-cumulative (monthly/quarterly payouts) options, and automatically adds 0.5% higher rates for senior citizens.
How to Use This FD Calculator
Step 1: Enter the principal amount you wish to invest in FD.
Step 2: Enter the interest rate offered by your bank (senior citizens get +0.5%).
Step 3: Select the tenure in years (1-10 years typical).
Step 4: Choose payout type — Cumulative (interest at maturity) or Non-Cumulative (regular income).
Step 5: Click "Calculate FD Returns" to see maturity amount and interest.
Step 6: Use the Reset button to clear all inputs and try different scenarios.
Why Invest in Fixed Deposits?
✓ Guaranteed Returns
FDs offer fixed, predictable returns unaffected by market fluctuations. Perfect for conservative investors and retirement planning.
✓ Capital Protection
Principal amount is fully protected. DICGC insures up to ₹5 lakh per bank, making FDs one of the safest investments in India.
✓ Flexible Tenures
Choose from 7 days to 10 years. Match investment horizon with financial goals - short-term (1-2 years) or long-term (5-10 years).
✓ Regular Income Option
Non-cumulative FDs provide monthly/quarterly interest payouts. Ideal for retirees seeking regular cash flow without touching principal.
Cumulative vs Non-Cumulative FD - Which is Better?
| Feature | Cumulative FD | Non-Cumulative FD |
|---|---|---|
| Interest Payout | At maturity only | Monthly/Quarterly/Half-yearly |
| Total Returns | Higher (compounded) | Lower (simple interest) |
| Best For | Long-term wealth creation | Regular income needs |
| Ideal Investor | Young professionals | Senior citizens, retirees |
| Example (₹5L, 7% for 5 years) | ₹7.05L (₹2.05L interest) | ₹5L + ₹1.75L interest (₹2,917/month) |
FD Laddering Strategy - Maximize Returns & Liquidity
FD laddering spreads your investment across multiple FDs with different maturities instead of putting all money in one FD.
Example with ₹5,00,000:
- ₹1,00,000 in 1-year FD @ 6.8%
- ₹1,00,000 in 2-year FD @ 7.0%
- ₹1,00,000 in 3-year FD @ 7.2%
- ₹1,00,000 in 4-year FD @ 7.3%
- ₹1,00,000 in 5-year FD @ 7.4%
Benefits: One FD matures every year providing liquidity. Reinvest matured FD at potentially higher rates. Avoids locking all money at a single interest rate.
Tax-Saving Fixed Deposit (5-Year Lock-in)
Key Features:
- Lock-in period: 5 years (cannot withdraw early)
- Tax deduction up to ₹1.5 lakh under Section 80C
- Maximum investment: ₹1.5 lakh per financial year
- Interest rate: 6.5-7.5% (similar to regular FDs)
- Interest earned is taxable (added to income)
- No TDS if interest is below ₹40,000 (₹50,000 for seniors)
Best for: Salaried individuals in 20-30% tax bracket wanting to save tax while earning guaranteed returns.
FD Interest Formula
Cumulative (Compounded)
A = P × (1 + r/n)^(n×t)
A = Maturity, P = Principal, r = Rate, n = 4 (quarterly), t = Years
Non-Cumulative (Payout)
Monthly Income = (P × r × t) ÷ (t × 12)
Principal remains intact, regular income every month
FD Interest Rates by Bank (2025-26)
| Bank | 1 Year | 3 Years | 5 Years | Senior Citizen |
|---|---|---|---|---|
| SBI | 6.8% | 7.0% | 7.1% | +0.5% |
| HDFC Bank | 6.9% | 7.1% | 7.2% | +0.5% |
| ICICI Bank | 7.0% | 7.2% | 7.25% | +0.5% |
| PNB | 6.9% | 7.1% | 7.3% | +0.5% |
| Post Office | 6.9% | 7.0% | 7.1% | +0.5% |
Rates updated quarterly. Small finance banks offer 0.5-1.5% higher rates.