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FD Calculator India 2026
Calculate fixed deposit maturity amount for any bank. Enter principal, interest rate and period. Shows interest earned, TDS deduction and net maturity amount.
FD Interest Rates India 2026
SBI FD rate: 6.80-7.00%. HDFC Bank: 6.60-7.25%. ICICI Bank: 6.70-7.25%. Kotak: 7.10-7.25%. Post Office 5-year FD: 7.5%. Senior citizens get 0.25-0.75% extra.
FD Calculator with TDS
If your annual FD interest exceeds Rs 40,000 (Rs 50,000 for senior citizens), the bank deducts 10% TDS. Submit Form 15G (under 60) or Form 15H (60+) to avoid TDS if your income is below taxable limit.
FD vs PPF vs SIP Calculator
FD: 7.5% taxable, guaranteed. PPF: 7.1% tax-free, 15 year lock-in. SIP equity: 10-14% potential, market risk. For 1-3 year goals, FD wins. For 15+ years, PPF or SIP.
FD Laddering Strategy
Split large FD into multiple shorter FDs. Rs 3 lakh becomes Rs 1 lakh each at 1, 2 and 3 years. When each matures, reinvest at prevailing rate. Avoids locking all money at a single rate.
Frequently Asked Questions
How to calculate FD maturity amount?
Formula: A = P x (1 + r/n)^(nt). P is principal, r is annual rate, n is compounding frequency per year (4 for quarterly), t is years. The FD calculator above handles this automatically for any bank or compounding frequency.
What is the FD interest rate in SBI 2026?
SBI FD interest rates for 2026: 1 year at 6.80%, 2 years at 7.00%, 3-5 years at 6.75-7.00%. Senior citizens get 0.50% extra on all tenures. Check the latest rates on sbi.co.in before booking.
Is FD interest fully taxable?
Yes. FD interest is added to your total income and taxed at your applicable slab rate. If you are in the 30% bracket, you pay 30% tax on interest. TDS at 10% is deducted at source if annual interest exceeds Rs 40,000.
What happens if I break FD before maturity?
Premature withdrawal attracts a penalty of 0.5% to 1% reduction in the applicable interest rate. The bank pays interest for actual days held minus the penalty. Tax Saver FDs with 5-year lock-in cannot be broken early.
Is DICGC insurance enough for FD safety?
DICGC insures up to Rs 5 lakh per depositor per bank. If you have Rs 10 lakh in one bank and it fails, you get back only Rs 5 lakh. Spread large deposits across multiple banks to stay within the insured limit.