FD calculator

See what your fixed deposit becomes, or pays you every month, after tax. Use the best rate today, your own bank's, or the Post Office's.

Questions people ask

How is FD interest calculated?

Indian banks add interest every quarter on FDs of 6 months or more, so interest earns interest. FDs shorter than 6 months earn simple interest. This calculator uses the same method.

When is TDS deducted on FD interest?

A bank deducts 10% TDS when your interest there goes above ₹50,000 in a financial year (₹1 lakh if you are 60 or above), or 20% if it doesn't have your PAN. If you owe no tax, submit Form 15G (Form 15H if 60 or above) at the start of each year.

Should I take interest monthly or at maturity?

Interest at maturity grows the most, because it keeps compounding. Monthly payouts suit you if you need regular income; banks pay a slightly lower discounted monthly rate for them.

Is my FD insured?

Every bank deposit is insured by DICGC up to ₹5,00,000 per depositor per bank, principal and interest together. Post Office deposits carry a government guarantee instead.

Do senior citizens get a higher rate?

Most banks pay people aged 60 or above 0.25% to 0.75% more. Choose “60 or above” and the calculator uses each bank's senior citizen rate.

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