FD Calculator

FD Calculator India – Calculate Fixed Deposit Returns & Interest (2026)

Enter your deposit amount, interest rate & tenure to instantly see your maturity amount and interest earned.

Enter FD Details

₹100,000
7%
💡 SBI FD: 6.8–7.1% · HDFC FD: 7.0–7.25% · Senior citizen: +0.5%
3 yr
💡 Most Indian banks use quarterly compounding.
MATURITY AMOUNT
₹123,144
+23.1% earned in 3 years
Principal₹100,000Deposit amount
Interest Earned₹23,144+23% growth

FD Growth Over Time

💡 Smart Insights

💰Your effective yearly yield is 7.7% with quarterly compounding
👴Senior citizens earn ₹1.8K extra with +0.5% rate benefit
🚀At 7%, your money doubles in approximately 10.0 years

Year-by-Year FD Growth

YearInterest EarnedMaturity Value
1₹7,186₹107,186
2₹14,888₹114,888
3₹23,144₹123,144

What is a Fixed Deposit (FD)?

A Fixed Deposit (FD) is a financial instrument offered by banks and NBFCs where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. FDs are one of the safest investments in India, guaranteed by the bank and insured up to ₹5 lakh by DICGC.

FD Formula – How Maturity Is Calculated

FD maturity is calculated using compound interest:

A = P × (1 + r/n)^(n×t)

Where P = principal, r = annual rate (decimal), n = compounding frequency per year, t = years.

FD Calculator for SBI, HDFC, ICICI 2026

Use the interest rates specific to your bank: SBI offers 6.8–7.1%, HDFC 7.0–7.25%, ICICI 7.0–7.25%, and small finance banks up to 9%. Senior citizens typically get an additional 0.25–0.5% interest on FDs.

Real-Life FD Calculation Examples

Example 1: ₹1,00,000 at 7% for 3 years (quarterly compounding) → Maturity: ₹1,23,145, Interest: ₹23,145.

Example 2: ₹5,00,000 at 7.25% for 5 years (quarterly) → Maturity: ₹7,12,890, Interest: ₹2,12,890.

Example 3: ₹10,00,000 at 8% for 10 years (quarterly) → Maturity: ₹22,08,040 — more than double the original investment!

Benefits of Fixed Deposit in India

  • Guaranteed Returns: Unlike market-linked investments, FD returns are fixed and certain.
  • Capital Safety: DICGC insures deposits up to ₹5 lakh per depositor per bank.
  • Flexible Tenure: FDs are available from 7 days to 10 years.
  • Senior Citizen Benefits: Extra 0.25–0.50% interest for depositors aged 60+.
  • Tax-Saving FD: 5-year FDs qualify for Section 80C deduction up to ₹1.5 lakh/year.
  • Loan Against FD: You can take loans up to 90% of FD value without breaking it.
  • Auto-Renewal: FDs can be set to auto-renew at maturity for continued compounding.

FD vs RD vs SIP: Which is Best?

FD is best for lump sum investments with a guaranteed return — ideal for emergency funds or short-term goals. RD (Recurring Deposit) is like a monthly FD — good for systematic savings with guaranteed returns. SIP in equity mutual funds is best for long-term wealth creation (10+ years), with historically higher returns but market-linked risk.

₹10 Lakh FD Interest Per Month & Maturity – Bank-wise Rates 2026

How much interest does a ₹10 lakh FD earn across India's top banks? Here's a comparison for a 5-year FD with quarterly compounding:

BankRate (Regular)Rate (Senior)Maturity (₹10L)Total Interest
SBI6.80%7.30%₹13,96,100₹3,96,100
HDFC Bank7.00%7.50%₹14,14,780₹4,14,780
ICICI Bank7.00%7.50%₹14,14,780₹4,14,780
PNB6.80%7.30%₹13,96,100₹3,96,100
Post Office FD7.50%7.50%₹14,62,020₹4,62,020
Small Finance Banks8.50%9.00%₹15,20,950₹5,20,950

Monthly Interest on ₹10 Lakh FD

At 7% annual rate, ₹10 lakh FD earns approximately ₹5,833/month in simple interest. With quarterly compounding, the effective yield is slightly higher. Senior citizens earn an extra 0.25–0.50%, making FD a popular retirement income option.

Compare FD returns with mutual fund SIP: SIP vs FD – Which is Better in 2026? →

FAQs — FD Calculator India

SBI FD rates in 2026 are approximately 6.8% for 1 year, 7.0% for 2–3 years, and 7.1% for 5 years. Senior citizens get an additional 0.5% interest. Check the SBI website for the latest rates.
Small Finance Banks like Unity, Suryoday, and Utkarsh SFB offer the highest FD rates (8.5–9.5%), though they carry slightly higher risk. For safety with good returns, consider HDFC, ICICI or SBI FDs.
Yes. FD interest is added to your income and taxed as per your income tax slab. Banks deduct TDS at 10% if annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if eligible.
With monthly compounding (12 times/year), interest is calculated and added more frequently, resulting in slightly higher maturity amount than quarterly compounding (4 times/year). Most Indian banks use quarterly compounding for FDs.
The Deposit Insurance and Credit Guarantee Corporation (DICGC) insures bank deposits up to ₹5 lakh per depositor per bank. This includes all deposits (savings, FD, RD) across all branches of the same bank. To protect more, spread deposits across multiple banks.
Yes, most bank FDs can be broken prematurely, but a penalty of 0.5%–1% is typically deducted from the applicable interest rate. Some banks offer penalty-free premature withdrawal after a lock-in period. Tax-saving FDs (5-year) cannot be broken before maturity.
Senior citizens (age 60+) get an additional 0.25%–0.50% interest on FDs at most banks. SBI Wecare scheme offers 0.50% extra for senior citizens on deposits of 5 years and above. HDFC, ICICI and other private banks also offer similar senior citizen benefits.
FD offers guaranteed returns (6–9%) with zero market risk — ideal for conservative investors or short-term goals. SIP in equity mutual funds offers potentially higher returns (10–15% historically) but with market volatility. For long-term wealth creation (10+ years), SIP typically outperforms FD. For capital preservation or goals within 1–3 years, FD is safer.
A Tax-Saving FD has a mandatory 5-year lock-in period and qualifies for deduction up to ₹1.5 lakh/year under Section 80C of the Income Tax Act. Interest earned is fully taxable. Most major banks offer this at the same rates as regular 5-year FDs.
Use the formula: A = P × (1 + r/n)^(n×t), where P = principal, r = annual interest rate (decimal), n = compounding frequency (4 for quarterly), t = years. For example: ₹1,00,000 at 7% for 3 years with quarterly compounding = 1,00,000 × (1 + 0.07/4)^(4×3) = ₹1,23,145.

Related Calculators & Articles

SIP Calculator India – Monthly Mutual Fund Investment Returns →EMI Calculator India – Home Loan & Car Loan EMI →CAGR Calculator – Measure Annual Investment Growth →Lumpsum Calculator – One-Time Investment Returns →₹10 Lakh FD Interest Guide – Bank-wise Monthly & Maturity Rates →SIP vs FD 2026 – Which Investment is Better for You? →

Disclaimer: FD interest rates shown are indicative and may change without prior notice. Actual maturity amounts depend on the bank's terms, compounding method, and applicable TDS deductions. This calculator is for estimation purposes only. Please confirm the latest FD rates with your bank before making deposits.