FD Calculator
Calculate Fixed Deposit and Recurring Deposit returns, TDS on interest, and compare rates across SBI, HDFC, ICICI, Axis, Kotak and Post Office.
โ Free ยท No sign-up ยท Works in browserLast updated: April 2026 ยท Tested on Chrome, Firefox, Edge, SafariUse FD Calculator
FD Details
Interest Type
Compounding Frequency
TDS Settings
Quick presets
Principal
โน1.00 L
Total Interest
โน23,144
Maturity Value
โน1.23 L
TDS
Not applicable
Principal vs Interest
โน1.00 L
โน23,144
โน1.23 L
Year-by-Year Growth ย ยทย 3 Years at 7.00%
Bank FD Rate Comparison
Based on 3 yrs tenure ย ยทย โน1.00 L ย ยทย Quarterly compounding ย ยทย Indicative rates only
| Bank | Rate | Interest Earned | Maturity | Senior + |
|---|---|---|---|---|
| ๐ดAxis BankBest | 7.10% | โน23,508 | โน1.24 L | +0.25 |
| ๐กKotak BankBest | 7.10% | โน23,508 | โน1.24 L | +0.40 |
| ๐ฎPost OfficeBest | 7.10% | โน23,508 | โน1.24 L | N/A |
| ๐ตHDFC Bank | 7.00% | โน23,144 | โน1.23 L | +0.25 |
| ๐ ICICI Bank | 7.00% | โน23,144 | โน1.23 L | +0.25 |
| ๐๏ธSBI | 6.75% | โน22,239 | โน1.22 L | +0.50 |
* Rates are indicative and may vary. Check respective bank websites for current rates before investing.
Disclaimer: Returns shown are illustrative based on assumed constant rates. Bank FD rates are subject to change without notice. TDS rules may vary based on your tax status. Consult a SEBI-registered financial advisor or your bank before making investment decisions.
How to Use FD Calculator
Choose FD or RD mode at the top. Fixed Deposit calculates returns on a one-time lump-sum investment; Recurring Deposit calculates returns on fixed monthly instalments โ ideal for building a corpus through disciplined savings.
Enter your principal amount (FD) or monthly deposit (RD), then set the annual interest rate and investment tenure using the sliders. Tenures range from 1 to 30 years. Use the quick presets for common scenarios like โน1 lakh for 1 year.
For Fixed Deposits, select Simple or Compound interest. Most bank FDs compound quarterly. Simple interest is used for non-cumulative FDs that pay out interest periodically rather than reinvesting it.
Configure TDS settings to see your net payout. Check "PAN provided" to apply the standard 10% TDS rate, or leave it unchecked for the 20% rate that applies when no PAN is on record. Check "Senior Citizen" to raise the TDS-exempt threshold from โน40,000 to โน50,000 per year.
Review the summary cards, donut chart, year-by-year bar chart, and bank comparison table. The table shows indicative rates from SBI, HDFC, ICICI, Axis, Kotak and Post Office so you can immediately see where your deposit grows the most.
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About FD Calculator
Your bank is offering 7% on a 5-year FD. Your colleague says their bank gives 7.25%. A family member has heard the Post Office is the safest. You've been meaning to compare all of them, calculate the exact TDS impact, and figure out whether to go compound or simple โ but haven't found a single tool that handles all of it cleanly. The AWE-OS FD Calculator does exactly this: enter your amount, set the tenure, and instantly see maturity values, TDS impact, and a ranked comparison across SBI, HDFC, ICICI, Axis Bank, Kotak Bank, and Post Office.
India's fixed deposit market looks simple but has meaningful complexity beneath the surface. Most bank FDs use quarterly compound interest โ meaning the interest earned in Q1 itself earns interest from Q2 onwards. Over a 5-year tenure, the difference between quarterly compounding and simple interest on a โน5 lakh deposit at 7% is over โน17,000. The calculator lets you toggle between compound and simple modes to see the exact rupee difference for your specific deposit, so you understand what "compounding" actually means in your hands rather than just as a formula.
TDS is where most FD investors get surprised. Banks are legally required to deduct TDS at 10% (or 20% if you haven't provided PAN) once your annual interest from a single bank exceeds โน40,000 โ or โน50,000 for senior citizens. TDS is deducted even if your total income is below the taxable threshold, meaning you'd need to file ITR 1 to claim a refund. The calculator shows whether TDS applies to your specific deposit, how much it will be, and your net maturity amount after deduction, so there are no cash-flow surprises at maturity.
The bank comparison table is based on publicly available indicative rates for the most common tenures. Kotak Bank and several small finance banks typically offer the highest rates for 1-2 year FDs; the Post Office Time Deposit provides a government-backed 7.5% for 5-year deposits, making it one of the safest fixed-return instruments available. Senior citizens receive an additional 0.25%โ0.50% at most private banks. All rates shown are indicative โ bank rates change frequently, so treat this comparison as a directional guide and verify current rates on the bank's website or at your nearest branch before committing funds.
Honest limitation: Bank rates shown are indicative and change frequently โ confirm the current rate with your bank before investing.
Tips & Best Practices for FD Calculator
- ๐กCompare effective annual yield (EAR) rather than just the nominal interest rate when comparing FDs with different compounding frequencies โ a 7% monthly-compounding FD yields more than a 7% quarterly-compounding FD despite the same stated rate.
- ๐กChoose quarterly compounding (standard for most Indian bank FDs) over annual compounding for the same rate โ quarterly compounding delivers marginally more return through more frequent interest-on-interest cycles.
- ๐กSubmit Form 15G (if below 60 years) or Form 15H (if 60 years or above) at the start of each financial year at your bank branch or net banking to prevent TDS deduction if your total income is below the taxable threshold.
- ๐กFor tax-saving FDs under Section 80C, lock in at the current rate for 5 years and compare the effective post-tax return against PPF โ if you are in the 30% tax slab, PPF's EEE status is typically superior to a tax-saving FD.
- ๐กCheck Small Finance Banks like AU Small Finance, ESAF, and Jana for higher FD rates (0.5-1% above major bank rates), which are covered by DICGC insurance up to โน5 lakh per depositor per bank โ the same insurance protection as nationalised banks.
- ๐กSplit large FD investments across multiple banks to stay within the โน5 lakh DICGC insurance limit per bank per depositor โ this ensures complete insurance coverage for large corpus investments.
Common Mistakes to Avoid with FD Calculator
- โComparing FD rates using only the nominal interest rate without accounting for compounding frequency โ two FDs with the same stated rate but different compounding frequencies produce different maturity values over the same period.
- โNot accounting for TDS when comparing FD returns with tax-free instruments like PPF or ELSS โ a 7% FD in the 30% tax slab delivers a net yield of approximately 4.9% after TDS and tax, far below PPF's 7.1% tax-free return.
- โPlacing all savings in a single bank FD for safety โ while FDs are very safe, keeping amounts above โน5 lakh with a single bank creates uninsured exposure. Diversify across banks to stay within DICGC limits.
- โBreaking an FD prematurely without calculating the penalty โ most banks charge 0.5-1% interest penalty for premature withdrawal. For short-term liquidity needs, maintain a liquid fund or savings account buffer to avoid breaking FDs early.
- โReinvesting FD maturity amounts without comparing current rates โ FD rates change quarterly, and the rate at renewal may be significantly different from your original rate. Always compare current rates across banks at renewal time.
- โNot using the senior citizen rate toggle for investors aged 60 and above โ most banks offer 0.25-0.5% additional interest to senior citizens. This adds up significantly over 3-5 year tenures.
Frequently Asked Questions
How is FD maturity calculated?
What is TDS on FD interest?
Is FD interest taxable in India?
Which is better โ Simple or Compound Interest FD?
What is an RD and how is it different from FD?
Which bank offers the best FD rate?
Built & maintained by Team AWE-OS
This tool is developed in-house and manually re-tested on Chrome, Firefox, Edge, and Safari after every update, following our tool testing policy. Found a bug? Tell us โ fixes are usually shipped within days.