FD Interest Calculator
Calculate your Fixed Deposit maturity amount with compound interest.
📊 FD Maturity
Maturity Amount
₹1,22,987
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How FD Interest is Calculated
Fixed Deposit uses the compound interest formula: A = P × (1 + r/n)^(n×t)
Where: A = Maturity amount, P = Principal, r = Annual interest rate, n = Compounding frequency per year, t = Tenure in years.
Best FD Rates in India (2025)
• SBI FD: 6.5–7.1% for general public, 7–7.6% for senior citizens. • HDFC Bank FD: 7–7.4%. • ICICI Bank FD: 6.7–7.2%. • Shriram Finance: up to 9.4% (NBFC). • Small Finance Banks (AU, Jana, Ujjivan): 8–9%.
Is FD interest taxable in India?
Yes. FD interest is added to your income and taxed as per your income tax slab. Banks deduct TDS at 10% if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).
What is the safest FD in India?
FDs in scheduled commercial banks are insured up to ₹5 lakh per depositor per bank by DICGC. SBI, HDFC, ICICI are among the safest. NBFC FDs offer higher rates but are not DICGC insured.