Fixed Deposit Calculator
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Principal Amount₹1,00,000
₹1,000₹1 Cr
Interest Rate6.8% p.a.
1%15%
Duration2 Years
1 Year10 Years
CompoundingQuarterly
Maturity Amount
₹1.15L
After 2 years at 6.8% p.a.
₹1L
Principal
₹14,929
Interest Earned
14.9%
Total Returns
₹622
Monthly Interest
⚠ Disclaimer: This calculator provides estimates only. Actual FD rates vary by bank and tenure. Please verify rates with your bank before investing.
What is a Fixed Deposit?
A Fixed Deposit (FD) is a savings instrument where you deposit a lump sum with a bank for a fixed period at a predetermined interest rate. It is one of the safest investment options in India.
Current FD Rates (2026)
- SBI FD (1 year): 6.80% p.a.
- HDFC FD (1 year): 6.60% p.a.
- ICICI FD (1 year): 6.70% p.a.
- Senior Citizen rates: 0.25-0.50% higher
FAQs
Is FD interest taxable?
Yes. FD interest is fully taxable as per your income tax slab. TDS is deducted at 10% if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).
Can I break my FD before maturity?
Yes, but most banks charge a premature withdrawal penalty of 0.5-1% on the applicable interest rate.