Fixed Deposit Calculator
Use our accurate FD Calculator to estimate your interest earnings and maturity amount. Updated with 2026 bank rates and the new ₹50,000 TDS limit.
Fixed Deposit (FD) Calculator: Secure Your Savings with Certainty
In a world of volatile markets and uncertain returns, a Fixed Deposit (FD) remains one of the safest investment options in India. Whether you are saving for your child’s future, building an emergency fund, or planning retirement, FDs provide guaranteed returns and peace of mind.
But before investing, one important question arises — How much will your money grow? This is where an FD Calculator helps you instantly calculate your maturity amount and interest earnings.
What is a Fixed Deposit (FD)?
A Fixed Deposit is a financial product offered by banks and NBFCs where you invest a lump sum amount for a fixed period at a pre-determined interest rate.
- Guaranteed returns
- Fixed tenure
- No market risk
- Higher interest than savings accounts
What is an FD Calculator?
An FD Calculator is an online tool that helps you estimate your maturity value based on:
- Investment amount
- Interest rate
- Tenure
- Compounding frequency
It eliminates manual calculations and gives accurate results instantly.
How FD Calculator Works
Most banks in India use quarterly compounding. The formula used is:
A = P × (1 + r/n)(n × t)
- A = Maturity Amount
- P = Principal Amount
- r = Interest Rate
- n = Compounding Frequency
- t = Time (years)
Example
If you invest ₹1,00,000 for 2 years at 7% interest:
- Interest Earned: ₹14,888
- Maturity Amount: ₹1,14,888
Cumulative vs Non-Cumulative FD
Cumulative FD
- Interest is reinvested
- Paid at maturity
- Best for long-term wealth
Non-Cumulative FD
- Interest paid monthly/quarterly
- Regular income option
- Best for retirees
Benefits of Fixed Deposit
- Guaranteed Returns: No market fluctuations
- Safe Investment: Insured up to ₹5 lakh
- Loan Facility: Get loan against FD
- Flexible Tenure: 7 days to 10 years
Factors Affecting FD Returns
- Interest rate
- Tenure
- Age (senior citizens get extra interest)
- Bank/NBFC policies
Tax on FD in 2026
- TDS applicable if interest exceeds:
- ₹50,000 (general citizens)
- ₹1,00,000 (senior citizens)
- 10% TDS with PAN
- 20% without PAN
Interest is taxed as per your income slab.
FD vs Mutual Funds
| Feature | FD | Mutual Funds |
|---|---|---|
| Returns | Fixed | Market-linked |
| Risk | Very Low | Moderate to High |
| Liquidity | Penalty on withdrawal | High liquidity |
Common Mistakes to Avoid
- Ignoring inflation
- Investing all money in one bank
- Not checking latest interest rates
- Auto-renewal without review
Who Should Invest in FD?
- Risk-averse investors
- Retirees
- People needing fixed income
- Short-term goal planners
Tips to Maximize FD Returns
- Choose higher interest banks
- Use laddering strategy
- Opt for cumulative FD
- Compare rates before investing