Logo
Financial Calculator

Fixed Deposit Calculator India 2025

Calculate your FD maturity, interest, and returns instantly for any bank or tenure.

₹
₹1,000₹20,00,000

Minimum amount varies by bank (typically ₹1,000)

years
1 year10 years
%

Current FD rates: 6.5% - 8.5%

FD Maturity Summary
FD Benefits

Capital Protection

Principal amount is 100% safe and guaranteed

Fixed Returns

Interest rate locked for entire tenure

Flexible Tenure

Choose from 7 days to 10 years based on goals

Government Protection

DICGC insurance covers up to ₹5 lakh per depositor per bank

Fixed Deposit Calculation Formulas

Understand the mathematical formulas used to calculate FD maturity amounts, interest, and returns.

1

FD Maturity Amount

Calculate the maturity amount for Fixed Deposits with compound interest.

Maturity Amount = Principal × (1 + r/n)^(nt)

Example:

₹1,00,000 FD at 6% p.a. for 3 years (quarterly compounding)

1,00,000 × (1 + 0.06/4)^(4×3)
= ₹1,19,562

Variables:

Principal - Initial deposit amount
r - Annual interest rate (as decimal)
n - Compounding frequency per year
t - Tenure in years
2

FD Interest Calculation

Calculate the total interest earned on Fixed Deposits.

Interest Earned = Maturity Amount - Principal

Example:

For ₹1,00,000 growing to ₹1,19,562

1,19,562 - 1,00,000
= ₹19,562

Variables:

Maturity Amount - Total amount at maturity
Principal - Initial deposit amount

These formulas provide the mathematical foundation for the calculations. Actual results may vary based on rounding, compounding frequency, and specific lender policies.

FD vs RD: Quick Comparison

AspectFixed Deposit (FD)Recurring Deposit (RD)
Investment TypeOne-time lump sum depositRegular monthly deposits
Minimum Amount₹1,000 - ₹10,000 (varies by bank)₹500 - ₹1,000 per month
Interest Rate6.5% - 8.5% (higher rates available)6.0% - 8.0% (usually 0.25% lower than FD)
FlexibilityFixed amount, one-time commitmentMonthly commitment, builds discipline
Premature WithdrawalAllowed with penalty (0.5-1%)Allowed with penalty, but affects returns
Best ForLump sum parking, emergency fundRegular savers, goal-based savings
ReturnsHigher due to compound interestLower due to staggered deposits

Quick Decision Guide

ScenarioChoose FD if you...Choose RD if you...
Investment StyleHave a lump sum amount availableWant to build a regular savings habit
Return PreferenceWant maximum returns on your investmentAre saving for a specific goal
CommitmentPrefer one-time investment commitmentPrefer disciplined monthly investing
Liquidity NeedDon't need monthly liquidityHave monthly surplus to invest

Compare FD Rates Across Banks

Calculate Fixed Deposit returns with different banks and find the best rates

Compare All Banks

Trusted Data Sources

All FD rates are sourced directly from official bank websites for maximum accuracy

SBI Official
HDFC Official
ICICI Official
Axis Official
Kotak Official
PNB Official
BOB Official
IOB Official
IndusInd Official
Union Bank Official
Canara Official

Fixed Deposit Calculator FAQs

Everything you need to know about fixed deposits, interest rates, and FD investment planning

What is a Fixed Deposit (FD)?

A Fixed Deposit is a financial instrument where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. The principal and interest are guaranteed and paid back at maturity. It's one of the safest investment options available.

How is FD interest calculated?

FD interest is calculated using compound interest formula: A = P(1 + r/n)^(nt), where P is principal, r is annual interest rate, n is compounding frequency, and t is time in years. The more frequent the compounding, the higher the returns.

What is the minimum and maximum amount for FD?

The minimum FD amount varies by bank, typically ranging from ₹1,000 to ₹10,000. Some banks offer special FDs with higher minimum amounts. There's usually no maximum limit, but deposits above ₹2 crore may require additional documentation.

Can I break my FD before maturity?

Yes, you can prematurely withdraw your FD, but banks usually charge a penalty of 0.5-1% and may not pay the full interest rate for the period the deposit was held. Some banks have lock-in periods where premature withdrawal isn't allowed.

Is FD interest taxable?

Yes, FD interest is taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below taxable limit.

Which banks offer the best FD rates in 2025?

Small finance banks and some private banks often offer higher FD rates (7.5-9%) compared to public sector banks (6.5-7.5%). Ujjivan Small Finance Bank, Suryoday Small Finance Bank, and IndusInd Bank typically offer competitive rates. Always check the bank's credibility and DICGC insurance coverage.

What is the difference between cumulative and non-cumulative FD?

Cumulative FD compounds interest and pays the entire amount at maturity, offering higher returns. Non-cumulative FD pays interest periodically (monthly/quarterly/annually) without compounding, providing regular income but lower overall returns.

Are FDs covered under deposit insurance?

Yes, FDs are covered under DICGC (Deposit Insurance and Credit Guarantee Corporation) up to ₹5 lakh per depositor per bank. This includes both principal and interest. If you have deposits exceeding this limit, consider spreading them across multiple banks.

What happens to FD if the bank fails?

If a bank fails, DICGC insurance covers up to ₹5 lakh per depositor. The insurance amount is usually settled within 90 days. For amounts exceeding ₹5 lakh, recovery depends on the bank's liquidation process, which may take longer.

Can I get a loan against my FD?

Yes, most banks offer loans against FD at interest rates 1-2% higher than your FD rate. You can typically borrow up to 90-95% of your FD value. The FD remains as collateral, and you continue earning interest on it.

What is auto-renewal in FD?

Auto-renewal means your FD gets automatically renewed for the same tenure at prevailing interest rates when it matures. You can opt out of auto-renewal if you want to withdraw the amount or reinvest elsewhere. Most banks offer this facility.

Should I choose FD over other investments?

FD is ideal for capital protection and guaranteed returns. Choose FD if you're risk-averse, need funds within 1-5 years, or want to park emergency funds. For long-term wealth creation and beating inflation, consider equity mutual funds or stocks alongside FDs.

Related Calculators

Explore more financial calculators to make comprehensive financial planning decisions

Crorepati Calculator

Calculate how to become a crorepati with strategic investment planning. Get multiple investment options and wealth building strategies for your financial freedom.

Portfolio Rebalancing Calculator

Optimize asset allocation, calculate rebalancing frequency, and maintain portfolio diversification for better risk-adjusted returns

Emergency Fund Calculator

Calculate emergency fund requirement based on monthly expenses, employment type, and family situation. Plan your financial safety net with personalized recommendations.

SWP Calculator

Calculate Systematic Withdrawal Plan returns and plan your retirement income with tax-efficient withdrawals

ELSS Calculator

Calculate ELSS returns with tax benefits under Section 80C. Compare SIP vs lump sum investments with 3-year lock-in period

NPS Calculator

Calculate National Pension System returns with Tier 1 & Tier 2 benefits, tax savings, and retirement planning

Need More Calculators?

Explore our complete collection of financial calculators for all your planning needs

View All CalculatorsMore Personal Finance Tools