Free FD Calculator
Enter your deposit amount, interest rate and tenure — get maturity value, total interest earned, and growth breakdown instantly.
Investment Results
Key Points of FD
- Compare Interest Rates: Compare rates offered by different banks and NBFCs.
- Choose Tenure Wisely: Select a tenure that aligns with your financial goals.
- Compounding Frequency: Higher frequency yields slightly better returns.
- Senior Citizen Benefits: Senior citizens usually get higher interest rates.
- Consider TDS: Tax is deducted at source (TDS) on FD interest. Submit Form 15G/15H if applicable.
Related Tools
Example FD Interest Rates (General Public)
| Bank Name | 7-45 Days | 1 Year to < 2 Years | 2 Years to < 3 Years | 3 Years to < 5 Years | 5 Years and above |
|---|---|---|---|---|---|
| SBI | 3.50% | 6.80% | 7.00% | 6.75% | 6.50% |
| ICICI Bank | 3.75% | 6.90% | 7.10% | 6.80% | 6.60% |
| HDFC Bank | 3.60% | 6.75% | 7.05% | 6.70% | 6.55% |
| Axis Bank | 3.50% | 6.85% | 7.10% | 6.75% | 6.50% |
| Kotak Mahindra Bank | 3.70% | 7.00% | 7.15% | 6.80% | 6.65% |
| Post Office TD | N/A | 6.90% (1 Yr) | 7.00% (2 Yr) | 7.10% (3 Yr) | 7.50% (5 Yr) |
Disclaimer: The interest rates shown above are indicative and for illustration purposes only. Actual rates may vary and are subject to change. Please contact the respective banks for the latest FD rates.
What Is an FD Calculator?
A fixed deposit calculator tells you exactly how much your deposit will grow by the end of the tenure. You enter three numbers — principal amount, interest rate, and tenure — and it calculates the maturity amount and total interest earned, accounting for how often the bank compounds the interest.
Most people use it before opening an FD to compare two offers: same amount, different rates or tenures. A difference of 0.25% in rate or one extra year of tenure can change the maturity amount by several thousand rupees on a ₹1 lakh deposit — and by lakhs on larger amounts.
FD Maturity Reference Table (Quarterly Compounding)
Calculated at 7% p.a. with quarterly compounding — close to current SBI, HDFC, ICICI 1–3 year rates.
| Principal | 1 Year | 2 Years | 3 Years | 5 Years |
| ₹50,000 | ₹53,593 | ₹57,471 | ₹61,641 | ₹70,894 |
| ₹1,00,000 | ₹1,07,186 | ₹1,14,943 | ₹1,23,283 | ₹1,41,478 |
| ₹2,00,000 | ₹2,14,372 | ₹2,29,886 | ₹2,46,566 | ₹2,82,956 |
| ₹5,00,000 | ₹5,35,930 | ₹5,74,714 | ₹6,16,415 | ₹7,07,391 |
| ₹10,00,000 | ₹10,71,859 | ₹11,49,428 | ₹12,32,830 | ₹14,14,781 |
Actual maturity depends on the exact rate your bank offers and compounding frequency. Use the calculator above for your specific numbers.
FD Interest Rates — Major Banks (FY 2025–26)
Rates for general public on deposits below ₹2 crore. Senior citizens typically get 0.25%–0.75% extra.
| Bank | 1 Year | 2 Years | 3 Years | 5 Years |
| SBI | 6.80% | 7.00% | 6.75% | 6.50% |
| HDFC Bank | 6.75% | 7.05% | 6.70% | 6.55% |
| ICICI Bank | 6.90% | 7.10% | 6.80% | 6.60% |
| Axis Bank | 6.85% | 7.10% | 6.75% | 6.50% |
| Kotak Mahindra | 7.00% | 7.15% | 6.80% | 6.65% |
| Post Office TD | 6.90% | 7.00% | 7.10% | 7.50% |
Rates are indicative for FY 2025–26. Verify current rates with your bank before investing. Senior citizen rates are higher by 0.25–0.75%.
How to Use This Calculator
- Enter your principal amount — the amount you plan to deposit
- Enter the annual interest rate offered by your bank
- Set the tenure in years, months, or days
- Select compounding frequency — Annually, Half-Yearly, Quarterly, or Monthly
- Results show instantly — maturity amount, total interest earned, and a growth chart
Tip: Change the compounding frequency from Annual to Quarterly — you’ll see a small but real increase in maturity amount on the same rate.
Features
- Supports all compounding frequencies — Annual, Half-Yearly, Quarterly, Monthly
- Works for any tenure — enter years, months, or exact days
- Instant growth chart — shows principal vs interest split visually
- Senior citizen rate check — add 0.50% to the rate field to see your higher returns
- Useful for comparing two FD offers side by side — run it twice, note the difference
Why Your FD Maturity May Differ From Bank’s Quoted Amount
Banks quote the maturity amount based on their exact internal rate calculation, which sometimes includes rounding at each compounding period. This calculator uses the standard compound interest formula and shows the mathematically correct result — small differences of a few rupees are normal.
A bigger reason for differences: some banks offer simple interest for shorter tenures (less than 6 months), while others compound quarterly from day one. If your FD is for 45 days or 90 days, select the correct compounding option — Annual compounding for short tenures gives a lower result than the bank’s actual payout.
For tax-saving FDs (5-year lock-in under Section 80C), the maturity amount is correct but remember: the interest is still taxable every year under your income tax slab, even if it is paid only at maturity.