Calculate FD maturity value with advanced compounding analysis. Compare 400+ bank FD rates, optimize tax-saving FDs under Section 80C, and analyze senior citizen benefits. Real-time professional financial tool.
Your FD investment of ₹100,000 will grow to ₹143,562 in 5 years with quarterly compounding at 7.5% p.a.
Consider comparing with Mutual Fund SIP for potentially higher returns with moderate risk.
| Bank | General FD Rate | Senior Citizen | 5-Year Special |
|---|---|---|---|
| SBI | 7.0% | 7.5% | 7.2% |
| HDFC Bank | 7.25% | 7.75% | 7.5% |
| ICICI Bank | 7.2% | 7.7% | 7.4% |
| Post Office | 7.1% | 7.6% | 7.3% |
| Axis Bank | 7.15% | 7.65% | 7.35% |
Mr. Sharma invests ₹5,00,000 in a 10-year FD at 7.5% for his daughter's engineering education. With quarterly compounding:
Insight: FD provides guaranteed returns perfect for time-bound education goals.
Mrs. Gupta, 55, allocates ₹20,00,000 to senior citizen FD at 8% for 5 years to supplement retirement income:
Insight: Senior citizen FDs offer higher rates and regular income for retirees.
Corporate executive uses 5-year tax-saving FD under Section 80C to save ₹1.5L annually while earning guaranteed returns:
Insight: Combines tax savings with capital preservation for conservative investors.
Fixed Deposit interest is calculated using the compound interest formula, which accounts for the effect of compounding where interest earns additional interest over time. The standard FD calculation formula used by all major banks and financial institutions is:
Let's calculate a ₹1,00,000 FD at 7.5% interest for 5 years with quarterly compounding:
Step 1: Convert parameters
P = ₹100,000
r = 7.5% = 0.075
n = 4 (quarterly compounding)
t = 5 years
Step 2: Apply formula
A = 100000 × (1 + 0.075/4)^(4×5)
A = 100000 × (1 + 0.01875)^(20)
A = 100000 × (1.01875)^20
A = 100000 × 1.43562
A = ₹143,562
Step 3: Calculate interest earned
Total Interest = A - P = ₹143,562 - ₹100,000 = ₹43,562
Banks deduct 10% TDS (Tax Deducted at Source) if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). For the above example with ₹43,562 interest, TDS would be ₹4,356. The actual post-tax return would be ₹39,206.
FD interest in 2026 is calculated using the compound interest formula: A = P(1 + r/n)^(nt). Most banks use quarterly compounding (n=4). For example, a ₹1 lakh FD at 7.5% for 5 years with quarterly compounding yields ₹1,43,562.
Senior citizens receive an additional 0.5-0.75% interest across all major banks including SBI, HDFC, and ICICI. The exact rate depends on the tenure and amount, with special rates for 5-year tax-saving FDs.
In 2026, senior citizen FD rates range from 7.5% to 8.25% depending on the bank and tenure:
Rates are subject to change based on RBI monetary policy and market conditions. Compare using our FD Calculator for real-time analysis.
Banks deduct 10% TDS if annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). Key points:
Our calculator automatically computes TDS to show your post-tax returns accurately.
Yes, but with conditions:
Check our Loan Against FD Calculator for detailed analysis.
The main differences are:
| Feature | Cumulative FD | Non-Cumulative FD |
|---|---|---|
| Interest Payment | Lump sum at maturity | Monthly/Quarterly payouts |
| Returns | Higher due to compounding | Lower as interest is paid out |
| Best For | Long-term wealth creation | Regular income needs |
| Tax Efficiency | Tax deferral possible | Annual tax on interest |
Bank FDs are generally safer for these reasons:
Use our Risk Assessment Calculator to evaluate investment safety.
Choose based on your financial goals, risk tolerance, and time horizon:
Compare using our SIP vs FD Calculator for detailed analysis.
Use our professional FD calculator to make informed investment decisions with real-time analysis
Recalculate FD ReturnsLast Updated: January 29, 2026 | FD rates updated in real-time from 400+ banks
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