⚠️ Note: Rates and limits shown are indicative and based on rules at time of publishing. Government rates, tax slabs, and limits change periodically — please verify current figures from official sources before making financial decisions.
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FD Calculator India – Fixed Deposit Maturity Calculator
Calculate your FD maturity amount and interest earned for any Indian bank. Supports quarterly, monthly, and annual compounding. Compare returns for SBI, HDFC, ICICI, and other banks.
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FD Maturity Formula
Maturity = P × (1 + r/n)^(n×t) P = Principal | r = Annual rate | n = Compounding/year | t = Years
Simple Interest (Non-Cumulative): Interest per year = P × r / 100
₹1,00,000 at 7% for 1 year, quarterly compounding: Maturity = 1,00,000 × (1+0.07/4)^4 = ₹1,07,186 Interest = ₹7,186
FD Interest Rates India (Indicative)
SBI (1–2 yr)
6.80%
HDFC Bank
7.00%
ICICI Bank
7.00%
Small Finance
8.5–9%
Frequently Asked Questions
Small Finance Banks like AU Small Finance Bank, Jana Small Finance Bank offer rates of 8–9% for 1–2 year FDs. Major banks like SBI, HDFC, ICICI offer 6.8–7.25%. Senior citizens get an additional 0.25–0.50% in most banks.
Yes. FD interest is fully taxable as income from other sources. TDS at 10% is deducted by the bank if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H if your income is below the taxable limit to avoid TDS.
In cumulative FD, interest is compounded and paid at maturity along with the principal. In non-cumulative FD, interest is paid monthly, quarterly, or annually. Cumulative FDs give higher effective returns due to compounding.