FD ladder calculator

Split your money into FDs that mature one after another, so part of it frees up every year while the rest earns long-term rates.

Questions people ask

What is an FD ladder?

Instead of one big FD, you open several smaller ones with different terms, for example 1, 2, 3, 4 and 5 years. One matures every year, and you renew it for the longest term.

Why build one?

Part of your money becomes available every year without breaking an FD, and you are not betting everything on today's rates. If rates rise, the FD maturing next year gets the higher rate.

What do I do when an FD matures?

Put the money into a new FD for the longest term of your ladder. After the first round, every FD earns the long-term rate and one still matures every year.

Should each FD be at a different bank?

Not necessarily. But DICGC insures only ₹5,00,000 per bank, so keeping each bank within that limit keeps all of your money insured. The calculator does this when “Keep every bank within the insured limit” is ticked.

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Plan a lump sum, build an FD ladder, or work out an FD, RD, PPF, SCSS, POMIS or savings account with today's rates.

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