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FD Calculator India 2026

Calculate Fixed Deposit maturity with TDS impact and post-tax returns. Plan your FD investments with accurate projections.

₹6.16L

Maturity Value

+₹1.16L

Total Interest

₹81.0K

Post-Tax Returns

5.4%

Effective Yield

FD Details

Principal Amount

₹

5 Lakh

Amount to deposit

Interest Rate

% p.a.

4% p.a.10% p.a.

Tenure

years

1 years10 years

Compounding Frequency

Tax Settings

Your Tax Bracket

Senior Citizen?

Higher TDS threshold (Rs 50,000)

TDS Information

TDS @ 10% is deducted if interest exceeds Rs 40,000/year. You can claim refund while filing ITR if tax liability is lower.

Estimated TDS: ₹11.6K

Principal

₹5.00L

Total Interest

₹1.16L

Pre-tax

Tax Deducted

₹34.7K

@ 30%

Net Returns

₹81.0K

Post-tax

Maturity Breakdown

Principal

₹5.00L

Interest (Post-Tax)

₹81.0K

Tax Deducted

₹34.7K

Total at Maturity₹5.81L

Pre-Tax vs Post-Tax Comparison

Metric	Pre-Tax	Post-Tax	Difference
Interest Earned	₹1.16L	₹81.0K	-₹34.7K
Maturity Value	₹6.16L	₹5.81L	-₹34.7K
Effective Yield (p.a.)	7%	5.4%	-1.60%

FD vs Other Investment Options

Compare Fixed Deposits with other popular investment options in India to make the right choice.

Parameter	Fixed Deposit	PPF	SIP (Equity MF)
Returns	6-7.5%	7.1%	10-15%
Risk Level	Very Low	Very Low	Moderate-High
Tax on Returns	Full slab rate	Tax-free (EEE)	10% LTCG >₹1L
Lock-in Period	Flexible (7d-10y)	15 years	None*
80C Benefit	5-year FD only	Yes (₹1.5L)	ELSS only
Inflation Beating	No (post-tax ~4-5%)	Marginal	Yes
Best For	Emergency fund, short-term	Conservative, long-term	Wealth creation, 5+ years

* ELSS mutual funds have 3-year lock-in. Returns for SIP are historical averages and not guaranteed.

FD Tips & Alternatives

Tax-Saving FD

5-year lock-in FD qualifies for Section 80C deduction

FD Laddering

Split FD into multiple tenures for liquidity & better rates

Senior Citizen Rates

0.5% extra interest + higher TDS threshold

Consider Debt Funds

Better tax efficiency for holding periods > 3 years

Smart FD Investment Strategies

Use FD Laddering

Split your investment across multiple FDs with different tenures. This gives you liquidity while maximizing returns.

Submit Form 15G/15H

Avoid TDS if your total income is below taxable limit. Submit at the start of each financial year.

Compare Small Finance Banks

Small finance banks offer 0.5-1% higher rates. Your deposits are equally safe under DICGC insurance up to Rs. 5L.

Choose Cumulative FD

Unless you need regular income, cumulative FDs give higher returns due to compounding effect.

Frequently Asked Questions About Fixed Deposits

What is the best FD interest rate in India 2026?

As of 2026, major banks offer FD rates of 6.5-7.5% for general public and 7-8% for senior citizens. Small finance banks offer higher rates (7.5-8.5%). Top rates: AU Small Finance Bank ~8%, Utkarsh Small Finance ~8%, Yes Bank ~7.25%, HDFC/ICICI ~7%. Always check the latest rates before investing.

How is TDS calculated on Fixed Deposit?

TDS of 10% is deducted when FD interest exceeds Rs. 40,000/year (Rs. 50,000 for senior citizens). If PAN is not provided, TDS is 20%. To avoid TDS: Submit Form 15G (below Rs. 2.5L total income) or Form 15H (senior citizens with no tax liability). TDS is deducted on accrued interest, not just paid interest.

Which is better - monthly interest payout or cumulative FD?

Cumulative FD gives higher returns due to compounding - interest is reinvested. Monthly payout is better for those needing regular income (retirees). Example: Rs. 10L at 7% for 3 years - Cumulative gives Rs. 12.25L, monthly payout gives Rs. 12.1L total. Difference increases with tenure.

Can I break my FD before maturity?

Yes, most FDs allow premature withdrawal with penalty - typically 0.5-1% lower interest rate. Some banks don't charge penalty for amounts above Rs. 5L. Tax-saving FDs (5-year) cannot be broken early. Always check bank's premature withdrawal terms before investing.

Is bank FD safe? What about DICGC insurance?

FDs up to Rs. 5 Lakh per depositor per bank are insured by DICGC (Deposit Insurance). This covers principal + interest. For larger amounts, consider: spreading across multiple banks, or using AAA-rated corporate FDs (Bajaj Finance, HDFC Ltd) that offer 0.5-1% higher rates than banks.

FD vs debt mutual funds - which is better?

Tax treatment changed: Debt fund gains (any holding period) are now taxed at slab rate. So FD and debt funds have similar taxation. FD advantages: Guaranteed returns, simple. Debt fund advantages: Better liquidity, potentially higher returns (7-9%), SIP option. For 3+ years, check if debt funds' higher returns outweigh their market risk.

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Disclaimer

This calculator provides estimates for educational purposes only. Actual results may vary based on interest rate changes and tax regulations. Consult a qualified financial advisor for personalized advice.

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