--- title: FD Calculator canonical_url: https://sanchaykaro.com/fd-calculator/ last_updated: 2026-06-20T06:00:13+00:00 plugin_version: 1.2.2 --- # FD Calculator FD Calculator 2026 — Calculate Fixed Deposit Maturity & Post-Tax Returns | Sanchay Karo Capital Protected · Bank-Backed Fixed Returns FD Calculator ============= Calculate your Fixed Deposit maturity value — then see the number that actually matters: what TDS and your tax slab leave you with. Rates vary by bank & tenure — adjust to match your offer Your FD Details --------------- Deposit Amount₹5,00,000 Min ₹1,000 — no upper limit set by banks, slider capped at ₹50L for convenience. Depositor Type Regular Senior Citizen (60+) Senior citizens typically get +0.50% over the regular rate, and a higher ₹50,000 TDS-free threshold. FD Type Cumulative Non-Cumulative Interest compounds and is paid out with the principal at maturity. Bank's Quoted Rate7.0% Effective rate used: 7.0% Tenure5 years 1 yr 2 yrs 3 yrs 5 yrs 7 yrs 10 yrs Compounding Frequency Annually Half-Yearly Quarterly Monthly Applies only to cumulative FDs. Your Income Tax Slab30% 0% 5% 20% 30% \*Includes 4% health & education cess. FD interest is taxable in every slab — only the deposit in a 5-year tax-saver FD gets an 80C deduction, never the interest. Calculate ResetYour FD Outcome --------------- Maturity Value ₹0 Total Interest (Pre-Tax)₹0 Effective Yield (Pre-Tax)0% Tax Payable on Interest ₹0 At your selected slab, across the full tenure Real Post-Tax Yield 0% What you actually earn after tax — the number that matters Banks deduct 10% TDS once your annual interest crosses ₹40,000 (₹50,000 for senior citizens), if PAN is on file. Income below the taxable limit? Submit Form 15G (or 15H for senior citizens) to avoid TDS. ### Where Your Money Ends Up View Year-wise Breakdown FD interest is always taxable. For a comparable, fully tax-free, government-backed return, see how PPF stacks up. [Try the PPF Calculator ](/ppf-calculator/) What to Know Before You Book an FD ---------------------------------- The upsides — and the fine print most calculators leave out. ### Capital Protection Your principal and the quoted rate are locked in for the full tenure, regardless of market movement — one of the safest places to park money. ### Predictable, Stable Returns You know the exact maturity value on day one. No surprises — useful for short-to-medium term goals with a fixed deadline. ### Interest Is Always Taxable Even a 5-year "tax-saving" FD only gives you an 80C deduction on the deposit — the interest it earns is fully taxable, just like a regular FD. ### Loan & Overdraft Facility Most banks let you borrow against your FD at a small markup over the FD rate, so you can access liquidity without breaking the deposit. FD Calculator — Frequently Asked Questions ------------------------------------------ The tax and TDS questions every depositor eventually asks. ### Is FD interest taxable? Yes, in full, at your income tax slab — for every type of FD, including 5-year tax-saving FDs. ### What is TDS on Fixed Deposits? 10% TDS applies once annual interest crosses ₹40,000 (₹50,000 for senior citizens) with PAN on file; 20% without PAN. ### Cumulative vs non-cumulative — what's the difference? Cumulative FDs reinvest and compound interest, paid at maturity. Non-cumulative FDs pay interest out periodically, with no compounding benefit. ### Do senior citizens get a better rate? Most banks add +0.50% over the regular rate for depositors aged 60 and above, plus a higher TDS-free threshold. ### How do I avoid TDS legally? Submit Form 15G (Form 15H if a senior citizen) if your total income is below the taxable limit — this stops the deduction, it doesn't make the income tax-free. ### Is FD better than PPF? FDs offer flexible tenures and easy liquidity. PPF offers a sovereign guarantee with fully tax-free interest, which often wins on long-term, tax-efficient goals. ### Compare FD, PPF & SIP in One App The [Sanchay Karo](https://apirrabbit.com/api/v1/master/LandingPage?arn=ARN-301757 "Sanchay Karo") app lets you track Fixed Deposits alongside your mutual fund and PPF goals, so you always know your real, after-tax returns. [ ](https://play.google.com/store/apps/details?id=com.rrabbit.sanchaykaro&pcampaignid=web_share)[ ![Sanchay Karo app home screen](https://sanchaykaro.com/wp-content/uploads/2025/11/Home.jpeg) ](https://apps.apple.com/in/app/sanchay-karo/id6755289848) This calculator provides estimates only; actual FD rates vary by bank and tenure, and tax treatment depends on your individual circumstances. Mutual fund investments are subject to market risk. SanchayKaro.com (ARN-301757) — AMFI Registered Mutual Fund Distributor.