Finance
FD Calculator India
Work out what a fixed deposit actually pays after quarterly compounding and tax at your slab.
Interactive tool
FD Calculator India
Maturity value
₹7,10,873
After tax
₹6,47,611
Effective yield
5.31%
Choice IQ readout
At the 30% slab an FD paying this rate returns noticeably less than the headline number. Compare the effective yield against debt funds and arbitrage funds, which are taxed differently, before locking the money away.
- Compare small finance bank rates, which are usually higher, and check DICGC insurance covers up to Rs 5 lakh per bank per depositor.
- Submit Form 15G or 15H if your total income is below the taxable limit, to stop TDS being deducted.
- Check the penalty for premature withdrawal, usually 0.5% to 1% off the rate, before choosing a long tenure.
Tool guide
How to use this fd calculator india
A fixed deposit's advertised rate is not what you earn. Indian banks compound FD interest quarterly, which pushes the effective rate slightly above the headline number, and then interest is added to your income and taxed at your slab, which pulls it well below. This calculator does both steps so you can compare an FD honestly against other fixed-income options.
Formula
Maturity = principal x (1 + rate/4)^(4 x years). Tax = interest x slab rate. Effective yield = (after-tax maturity / principal)^(1/years) - 1.
Decision guide
When to use this fd calculator india
Best use case
Use this page when you need a quick first estimate before comparing products, lenders, subscriptions, or buying options. It is built for practical planning, not final professional advice.
Inputs needed
Keep these numbers ready: Deposit amount, Interest rate, Tenure, Your tax slab. If you are unsure, run one conservative estimate and one optimistic estimate.
Shareable result
After calculating, use the result link to save or share the same inputs. The URL parameters keep the calculation easy to revisit.
Common examples
Readers usually use this tool for comparing a bank fd against a debt fund, checking the real return at the 30% slab, planning a 5-year deposit. The best way to read the output is to compare scenarios instead of treating one result as a final answer.
How it works
A fixed deposit's advertised rate is not what you earn. Indian banks compound FD interest quarterly, which pushes the effective rate slightly above the headline number, and then interest is added to your income and taxed at your slab, which pulls it well below. This calculator does both steps so you can compare an FD honestly against other fixed-income options.
Examples
- Comparing a bank FD against a debt fund
- Checking the real return at the 30% slab
- Planning a 5-year deposit
FAQ
Is FD interest taxable in India?
Yes. It is added to your total income and taxed at your slab rate, whether or not you withdraw it. Banks deduct TDS at 10% once interest crosses Rs 40,000 in a year, or Rs 50,000 for senior citizens, but that is only an advance - you still owe the difference if your slab is higher.
Is an FD better than a debt mutual fund?
It depends on your slab. Both are taxed as income now, so FDs have lost much of their old disadvantage. FDs win on certainty and simplicity, debt funds on liquidity and the ability to defer tax until you actually redeem.
What happens if I break an FD early?
Most banks apply a penalty of 0.5% to 1% on the applicable rate, and pay interest at the rate for the period the money actually stayed, not the rate you booked. Check the penalty before choosing a long tenure.
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