Calculate your Fixed Deposit maturity amount with quarterly compounding, see exact interest earned, TDS deduction, and compare how FD stacks up against SIP.
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Compounding Frequency
Most Indian banks compound FD interest quarterly
Senior Citizen
+0.50% extra interest · TDS limit Rs.50,000/yr
TDS Deduction
10% TDS applicableTDS deducted if annual interest exceeds Rs.40,000 (Rs.50,000 for seniors). Submit Form 15G/15H to avoid TDS if income below taxable limit.
Interest Growth Over Time
Your FD Projection
Principal Deposited
Rs.1,00,000
Total Interest Earned
Rs.6,948
TDS Deducted (10%)
Rs.695
Maturity Amount
Rs.1,06,253
Effective yield
6.73%
post-TDS annualised
Interest share
6.5%
of maturity value
Maturity Date
Jun 2026
Days to maturity
365 days
Want Higher Returns? →
SIP can beat FD by 2-3x over 10 years
FD gives safety. SIP gives growth. A smart portfolio has both.
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| Quarter | Opening Balance | Interest Credited | Closing Balance | Cumulative Interest |
|---|
Same principal, same duration — see the difference compounding makes
Fixed Deposit
GuaranteedMaturity Value
Rs.1,06,253
Interest: Rs.6,253 · Risk: Zero
Monthly SIP
Market-linkedProjected Corpus
Rs.1,27,840
@ 12% CAGR · Rs.8,333/mo · Market risk applies
Comparative corpus (same money, same time)
*SIP invests principal divided by tenure months. Past SIP returns not guaranteed.
A Fixed Deposit (FD) is a savings instrument offered by banks where you deposit a lump sum for a fixed tenure at a predetermined interest rate. Unlike a savings account, the interest rate on an FD is locked — market fluctuations don't affect your returns. At maturity, you receive your principal plus the accumulated interest.
FDs are RBI-regulated and deposits up to Rs.5 lakh per bank are insured by DICGC — making them one of the safest investment instruments in India.
FD Compound Interest Formula (RBI Standard)
A = P × (1 + r/n)^(n×t)
Most Indian banks compound quarterly (n=4). This calculator uses quarterly compounding by default, matching how your bank actually calculates FD returns.
| Bank | 1 Year | 2 Years | 3 Years | 5 Years | Senior + |
|---|---|---|---|---|---|
| 🏦 SBI | 6.80% | 7.00% | 6.75% | 6.50% | +0.50% |
| 🏦 HDFC Bank | 7.10% | 7.25% | 7.25% | 7.00% | +0.50% |
| 🏦 ICICI Bank | 6.90% | 7.00% | 7.00% | 7.00% | +0.50% |
| 🏦 Axis Bank | 7.10% | 7.25% | 7.25% | 7.00% | +0.75% |
| 🏦 Kotak | 7.25% | 7.25% | 7.15% | 6.20% | +0.50% |
| ⭐ Unity SFB | 9.00% | 8.50% | 8.25% | 8.25% | +0.50% |
| ⭐ Suryoday SFB | 8.60% | 8.75% | 8.60% | 8.25% | +0.50% |
*Indicative rates as of 2025. Always verify with the bank before booking. SFB = Small Finance Bank (DICGC insured up to Rs.5L).
Use FD ladder strategy
Instead of one big FD, split into 3–4 FDs maturing at different times (1yr, 2yr, 3yr). This gives you liquidity access and lets you reinvest at potentially higher rates as each FD matures.
Senior citizens: book in your parents' name
Senior citizens get 0.50–0.75% extra interest rate and a higher TDS exemption limit (Rs.50,000 vs Rs.40,000). A family member over 60 booking the FD can earn significantly more.
Submit Form 15G/15H to avoid TDS
If your total income is below the taxable limit, submit Form 15G (below 60) or 15H (60+) to your bank. They will not deduct TDS, saving you 10% upfront.
Consider Small Finance Banks (SFBs)
SFBs like Unity, Suryoday, Jana offer 8.5–9% vs 7% at large banks. They are RBI-licensed and DICGC-insured up to Rs.5L per bank. For amounts under Rs.5L, risk is identical to a large bank.
Auto-renew with caution
Auto-renewal is convenient but renews at the prevailing rate, which may be lower than your original rate. Set a calendar reminder to manually renew and check if a better rate is available.
Everything about Fixed Deposits, interest calculation and TDS.