💰 FD: Calculator

Estimate your Fixed Deposit maturity value, interest, and TDS.

₹
%
years
MATURITY VALUE
₹0
at 7% for 5 years
Total Interest
₹0
Est. TDS Deducted
₹0
Net Interest (after TDS)
₹0
Effective Rate Applied
7%
TDS is an estimate: banks deduct 10% TDS if a depositor's total FD interest in a financial year exceeds \u20b940,000 (\u20b950,000 for senior citizens). Submit Form 15G/15H to your bank if your total income is below the taxable threshold to avoid TDS.

How the FD Calculator Works

A Fixed Deposit (FD) is one of India's most popular savings instruments: you deposit a lump sum for a fixed tenure at a fixed interest rate. Indian banks typically compound FD interest quarterly by default (this calculator's default), though monthly, half-yearly, and annual compounding options exist depending on the bank and product.

Cumulative FD: Maturity Value = Principal × (1 + Rate/100/n)ⁿⁱₕₛₓ
Non-Cumulative FD: Interest paid out periodically = Principal × Rate × Years (simple interest); Principal returned at maturity

TDS on FD Interest

Banks in India are required to deduct 10% Tax Deducted at Source (TDS) if your total FD interest income across all FDs with that bank exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). If your total annual income is below the taxable threshold, you can submit Form 15G (or Form 15H for senior citizens) to avoid this deduction.

How This Differs From a Generic CD Calculator

This calculator is built specifically around Indian FD conventions: quarterly compounding by default (the common Indian bank practice), a senior-citizen bonus rate toggle, cumulative vs. non-cumulative FD types, and an estimated TDS deduction — details a generic certificate-of-deposit calculator doesn't account for.

📎 Related Tools: RD Calculator CD Calculator PPF Calculator Compound Interest Calculator

❓ Frequently Asked Questions

What's the difference between cumulative and non-cumulative FDs?
In a cumulative FD, interest is reinvested and compounds until maturity, when you receive the principal plus all accumulated interest in one payout. In a non-cumulative FD, interest is paid out to you periodically (monthly, quarterly, or annually), while the principal is returned only at maturity.
How much extra interest do senior citizens get on FDs?
Most Indian banks offer senior citizens (60 years and above) an additional 0.5% interest rate over the standard FD rate, which this calculator applies automatically when you select “Senior Citizen: Yes.”
When is TDS deducted on FD interest?
Banks deduct 10% TDS if your total FD interest from that bank exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). If your total taxable income is below the exemption limit, you can avoid this by submitting Form 15G or Form 15H.
Why does this calculator default to quarterly compounding?
Most Indian banks compound FD interest quarterly by default, which is why this calculator uses that as the starting option — though you can switch to monthly, half-yearly, or annual compounding to match your specific FD product.
Is FD interest taxable?
Yes. FD interest is fully taxable as “Income from Other Sources” at your applicable income tax slab rate, regardless of whether TDS was deducted. TDS is only an advance deduction, not the final tax liability.

🏆 About This Tool — Accuracy & Trust

🔒 Data Privacy: All calculations run entirely within your browser using JavaScript. Nothing you enter here is ever transmitted to our servers, stored, sold, or shared.

📐 Accuracy Note: This tool uses standard, widely published formulas and guidelines. Results are estimates for informational purposes; for financial, medical, or engineering decisions, consult a licensed professional.

📅 Last Updated: September 2026.