Calculate Fixed Deposit maturity amount and interest. Both simple and compound options available.
Enter your FD details and get instant results
Major banks ki FD rates (1-3 year tenure)
| Bank | 1 Year | 2 Year | 3 Year | Senior Citizen |
|---|---|---|---|---|
| SBI | 6.80% | 7.00% | 6.75% | +0.50% |
| HDFC Bank | 6.60% | 7.00% | 7.00% | +0.50% |
| ICICI Bank | 6.70% | 7.00% | 7.00% | +0.50% |
| PNB | 6.50% | 6.80% | 6.80% | +0.50% |
| Axis Bank | 6.70% | 7.10% | 7.10% | +0.75% |
| AU Small Finance | 7.25% | 7.50% | 7.50% | +0.50% |
| Canara Bank | 6.85% | 6.85% | 6.70% | +0.50% |
| Bank of Baroda | 6.85% | 7.00% | 6.80% | +0.50% |
*Rates are indicative. Please check the bank website for actual rates.
Disclaimer: This calculator is for estimation only. Actual returns depend on bank policies and terms. This is not investment advice.
A Fixed Deposit (FD) lets you invest a lump sum with a bank for a fixed period at a guaranteed interest rate. It is one of the safest savings options in India, with deposits insured up to ₹5 lakh per bank by DICGC. FDs are ideal for money you will not need for a while and want to grow with zero risk to capital.
This FD calculator computes your maturity amount using compound interest, usually compounded quarterly: A = P × (1 + r/n)^(n×t), where P is your deposit, r is the annual rate, n is how many times a year interest compounds, and t is the number of years. Enter your amount, rate and tenure to see exactly what your FD will be worth at maturity.
For instance, ₹1,00,000 at 7% compounded quarterly for 5 years grows to about ₹1,41,478 — earning roughly ₹41,478 in interest. Senior citizens usually earn an extra 0.25%–0.50%, which our calculator can reflect if you use the higher rate.
Yes, FD interest is added to your income and taxed at your slab. Banks deduct TDS once annual interest crosses the threshold.
Yes, most FDs allow premature withdrawal with a small interest penalty. Some tax-saver FDs have a 5-year lock-in.