FD Calculator
Calculate FD maturity amount for SBI, HDFC, ICICI, Post Office fixed deposits. Quarterly, monthly, annual compounding options. Senior citizen FD rates included.
FD Calculator — Fixed Deposit Returns
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SBI: 6.8-7.1% | HDFC: 7.0-7.4% | Senior citizens get 0.25-0.5% extra
Estimates based on constant rate assumption. Actual returns may vary.
| Year | Invested | Returns | Total Value |
|---|
FDs are safe but after tax (30% bracket) and 6% inflation, your real return on a 7% FD is negative. Rs 1L FD at 7% for 3 years = Rs 1.23L. But with 30% TDS on interest = Rs 1.18L effective. Inflation-adjusted real value = Rs 1.02L. You barely break even.
What is an FD Calculator?
An FD calculator estimates the maturity amount of a fixed deposit based on the principal, interest rate, tenure, and compounding frequency. Fixed Deposits are the most popular savings instrument in India — guaranteed returns, insured up to Rs 5 lakh per bank (DICGC), and available at every bank and post office.
FD maturity formula
P = Principal r = Annual rate/100 n = Compounding frequency per year t = Tenure in years
Example: Rs 1L at 7% quarterly compounding for 3 years = Rs 1,23,144
Compounding frequency explained
Quarterly compounding (most banks): Interest calculated every 3 months and added to principal. Effective annual yield on a 7% quarterly FD is 7.19%.
Monthly compounding (some small finance banks): Effective yield on 7% monthly = 7.23%. Marginally better for the same stated rate.
Annual compounding (Post Office): Interest paid annually. Effective yield equals stated rate.
Tax implications on FD interest
FD interest is fully taxable as "Income from Other Sources" at your income tax slab rate. At 30% bracket, effective post-tax return on a 7% FD is only 4.9%. TDS at 10% is deducted when annual interest exceeds Rs 40,000. File Form 15G (or 15H for seniors over 60) if your income is below the taxable limit to avoid TDS deduction.
FD vs liquid mutual funds
For amounts you might need within 3 months: liquid mutual funds (returns: 7-7.5%) are more tax-efficient than FDs because gains held over 3 years attract LTCG at 20% with indexation benefit (effectively near-zero tax). For amounts you won't touch for 3+ years: debt mutual funds or equity have historically outperformed FDs significantly.
ThriftRupee tips for FD investors
Tip 1: Ladder your FDs. Instead of one large FD, split into 3 FDs of equal size maturing in 1 year, 2 years, and 3 years. This gives liquidity, lets you reinvest at current rates, and reduces reinvestment risk.
Tip 2: Senior citizen FD rates. For parents or grandparents over 60: all banks offer 0.25-0.5% extra on FDs. SCSS (Senior Citizens Savings Scheme) at post office currently offers 8.2% — the highest guaranteed rate for seniors.
Tip 3: Tax saver FD for 80C. 5-year tax saver FD qualifies for Rs 1.5L deduction under Section 80C. However, interest is still taxable. Compare with PPF (tax-free interest) and ELSS (potential for 12-15% returns) before choosing FD for 80C.