Fixed Deposit Calculator - Calculate FD Returns
Calculate maturity amount and interest earned on fixed deposits. Compare FD rates from different banks.
Calculation Summary
Total Investment
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Estimated Returns
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Total Value
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CAGR / Effective Yield
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Cumulative (Reinvestment) vs Quarterly Payout Yield Contrast
Compare compounding growth against regular cash payouts and view Section 80TTB senior exemption & TDS thresholds.
5-Year Bank FD vs Post Office Time Deposit (POTD) Tax Arbitrage
Contrasts 5-Year Tax Saver Bank FD quarterly reinvestment vs Sovereign POTD (7.50% quarterly compounding, annual savings payout), Section 80C deductions, Senior 80TTB shields, and Section 194A TDS at source.
Cumulative (Reinvestment) vs Regular Payout Compounding Yield Drag Simulator
Quantifies the compounding sacrifice and opportunity cost between letting interest compound quarterly at FD rates vs withdrawing monthly or quarterly interest into savings accounts.
Visualizations
Payment Breakdown
Balance Over Time
Monthly Breakdown
Cumulative View
FD Maturity Schedule
Fixed Deposit (FD) Returns & Taxation Rules in India (FY 2026-27)
A Fixed Deposit (FD) is India's most trusted capital preservation instrument, offering guaranteed quarterly compounded returns insured up to ₹5,00,000 per depositor by the RBI's DICGC (Deposit Insurance and Credit Guarantee Corporation).
Senior Citizen Advantage (+0.50%)
Indian scheduled commercial banks grant senior citizens (aged 60 and above) an extra 0.50% to 0.75% per annum across all tenures. Super seniors (aged 80+) enjoy up to +0.80% in select public banks.
Section 80TTB Tax Exemption
Under Section 80TTB of the Income-tax Act, senior citizens can deduct up to ₹50,000 of FD interest income completely tax-free each financial year, with no TDS deducted below this statutory threshold.
TDS Thresholds for General Citizens
For non-senior depositors, banks deduct 10% TDS when total annual interest exceeds ₹40,000. Depositors with zero net taxable income can submit Form 15G (or 15H for seniors) to prevent TDS deduction.
Fixed Deposit vs Public Provident Fund (PPF): Tax & Wealth Matrix
Should you lock money into taxable 7.0% bank FDs or choose 7.1% EEE tax-exempt sovereign PPF?
Frequently Asked Questions
What is the extra interest rate for senior citizens on bank FDs?
Banks across India offer a mandatory premium of +0.50% (and up to +0.75% for special 400–1000 day tenures) to senior citizens aged 60 and above.
How is FD interest compounded in India?
Most Indian banks compound interest on a quarterly (every 3 months) basis, which produces a higher effective annual yield than simple interest.
Are fixed deposits protected against bank collapse?
Yes. Under the DICGC insurance scheme backed by RBI, your cumulative principal and interest up to ₹5,00,000 per bank is 100% insured.