🏦 FD Calculator
Calculate Fixed Deposit maturity amount and interest. Compare FD rates across top Indian banks.
🏦 Bank FD Rates Comparison (2026)
For 1-year tenure. Senior citizen rates in brackets.
| Bank | 1 Year | 2 Year | 3 Year | 5 Year | Senior Citizen |
|---|
* Rates are indicative. Verify with respective bank before investing.
How to Use the FD Calculator
- Enter the principal amount you want to invest
- Enter the interest rate offered by your bank
- Select compounding frequency (quarterly is standard for most banks)
- Set tenure using the slider
- View maturity amount and compare bank rates below
Frequently Asked Questions
Is FD interest taxable?
Yes. FD interest is added to your income and taxed as per your income tax slab. TDS is deducted at ±10% if interest exceeds ₹40,000/year (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if income is below taxable limit.
What is the DICGC insurance on FDs?
Deposits up to ₹5 lakh per bank (across all accounts) are insured by DICGC. For amounts above ₹5L, spread across multiple banks.
Can I break FD before maturity?
Yes, but premature withdrawal attracts a penalty of 0.5-±1% on the applicable rate. Some banks offer penalty-free premature withdrawal for certain FD types.
Which is better • FD or SIP?
FD offers guaranteed returns (6-±8%) with no risk. SIP in equity mutual funds offers potentially higher returns (10-±14%) but with market risk. FD is better for short-term goals; SIP for long-term wealth creation.