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Fixed Deposit (FD) Calculator

Calculate FD maturity with different compounding frequencies

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Fixed Deposit Details

₹
6.5%
5

FD Maturity Details

Enter FD details to see maturity value

Fixed Deposit (FD) Calculator

Fixed deposits are safe investment instruments offered by banks and NBFCs with guaranteed returns. Interest compounds at various frequencies (monthly, quarterly, half-yearly, or annually).

Formula

Where A = maturity amount, P = deposit amount, r = annual interest rate (decimal), n = compounding periods per year (12/4/2/1), t = tenure in years

Current Rates (2025)

ICICI Bank (1-2 years)

As of August 2025

6.70% - 7.05% p.a.

ICICI Bank (2-5 years)

As of August 2025

6.90% - 7.40% p.a.

Shriram Finance (3-5 years)

As of August 2025

7.60% p.a.

Example Calculation

Scenario:

Deposit ₹1,00,000 for 5 years at 6.5% p.a., quarterly compounding

Calculation:

A = 1,00,000 × (1 + 0.065/4)^(4×5)

Result:

₹1,38,041.98 (Interest: ₹38,041.98, Effective yield: ~7.61%)

Key Points

  • •Cumulative FD: Interest is reinvested; paid at maturity; maximizes compounding
  • •Non-cumulative FD: Interest paid out periodically; suited for regular income needs
  • •Premature withdrawal usually attracts penalty of 0.5%-1% depending on tenure
  • •Senior citizens typically get 0.5% additional interest rate

Tax Implications:

  • •FD interest is taxable under 'Income from Other Sources'
  • •Banks deduct TDS if interest exceeds ₹40,000 per year (₹50,000 for senior citizens)
  • •Submit Form 15G/15H to avoid TDS if total income is below taxable limit
  • •DICGC insures bank deposits up to ₹5,00,000 per depositor per bank
Disclaimer: The calculations and information provided are estimates based on the inputs provided and current rates as of November 2025. Actual results may vary. Interest rates, tax laws, and regulations are subject to change. Please consult with a qualified financial advisor or tax professional for personalized advice.