FD Calculator
Calculate your fixed deposit maturity amount, total interest, and post-TDS returns with all compounding frequencies.
Parameters
1,00,000
7%
SBI 1-yr FD ~6.8%, 2-yr ~7.0% (mid-2026). Verify with your bank for the latest rates.
12 mo (1 yr)
Enter tenure in months (1–120)
Compounding Frequency
TDS Rate
Maturity Amount
$107,186
Principal Invested
$100,000
Total Interest
$7,186
TDS Deducted (10%)
$719
Post-TDS Interest
$6,467
Post-TDS Maturity
$106,467
About FD: Guaranteed Returns with Capital Protection
Fixed deposits combine predictable returns with complete capital safety. Use our precision FD calculator to plan your investment and understand your true post-TDS yield.
Fixed Deposits: Safe, Predictable Returns for Every Investor
A Fixed Deposit (FD) is one of the most popular and trusted investment options in India, offering guaranteed returns irrespective of market conditions. With capital protection, a fixed interest rate, and flexible tenures from 7 days to 10 years, FDs serve as the bedrock of a conservative investment portfolio.
This FD calculator uses the standard compound interest formula — A = P(1 + r/n)nt — to compute your exact maturity amount, accounting for your chosen compounding frequency and TDS deduction, giving you a true picture of your post-tax returns.
Understanding TDS and Effective Annual Rate on FDs
TDS (Tax Deducted at Source) is deducted by banks when FD interest exceeds ₹40,000 per year. Understanding the impact of TDS on your net returns is crucial for accurate financial planning.
- Effective Annual Rate (EAR): The actual annual return after accounting for compounding frequency, always higher than the nominal rate for sub-annual compounding.
- TDS at 10%: Applicable to FD holders with a valid PAN card when annual interest exceeds ₹40,000.
- Form 15G/15H: Submit these forms to your bank to avoid TDS if your total income is below the taxable threshold.
- Senior Citizen FDs: Banks offer higher interest rates (typically 0.25–0.50% extra) for senior citizens, and TDS applies above ₹50,000 annually.
Let's Talk Money
by Monika Halan
Practical advice on fixed deposits, mutual funds, and building a complete financial portfolio. India's #1 personal finance book.
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What is TDS on FD interest in 2026?
TDS (Tax Deducted at Source) on FD interest in 2026 is 10% for those with a valid PAN card, when interest exceeds ₹40,000 per year (₹50,000 for senior citizens). If you do not submit your PAN, TDS is deducted at 20%. You can avoid TDS by submitting Form 15G (below 60 years) or Form 15H (senior citizens) if your total income is below the taxable limit.
Which compounding frequency gives the best FD returns?
More frequent compounding gives slightly higher returns. Monthly compounding provides the highest effective yield, followed by quarterly, half-yearly, and yearly. For example, at 7% annual rate: yearly compounding gives 7% EAR, quarterly gives ~7.19% EAR, and monthly gives ~7.23% EAR. However, most Indian banks offer quarterly compounding as the default for fixed deposits.
What is the difference between FD and RD?
A Fixed Deposit (FD) involves a lump sum investment for a fixed tenure at a predetermined interest rate. A Recurring Deposit (RD) involves fixed monthly deposits for a specified tenure. FDs suit those with a lump sum to invest, while RDs are ideal for regular savers. Both offer similar interest rates and safety, but FDs typically offer slightly higher rates for longer tenures.