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Calculate FD maturity amount with interest rates and tax benefits
Interest compounded quarterly and paid at maturity
TDS @10% deducted if interest exceeds ₹40,000/year (₹50,000 for senior citizens)
Enter your FD details to calculate maturity amount
Example Calculation:
₹1,00,000 FD @7% for 1 year
Maturity: ₹1,07,123 • Interest: ₹7,123
| Bank | Regular | Senior | 1Y Maturity |
|---|---|---|---|
| SBI | 6.5% | 7% | ₹10,650 |
| HDFC | 7% | 7.5% | ₹10,700 |
| ICICI | 6.8% | 7.3% | ₹10,680 |
| Axis | 7.2% | 7.7% | ₹10,720 |
| PNB | 6.7% | 7.2% | ₹10,670 |
| Post Office | 7.5% | 8% | ₹10,750 |
*Rates shown for 1 year tenure. Senior citizens (60+ years) get 0.25-0.75% higher rates.
For cumulative FDs, interest is compounded quarterly. Formula: A = P(1 + r/n)^(nt), where P=principal, r=rate, n=4 (quarterly), t=time in years. For payout FDs, simple interest is paid monthly/quarterly.
Banks deduct 10% TDS on FD interest if it exceeds ₹40,000/year (₹50,000 for senior citizens). If your tax slab is lower, submit Form 15G/15H to avoid TDS.
Yes, but most banks charge 0.5-1% penalty on the interest rate. The premature withdrawal rate will be lower (usually 1-2% less than booked rate).
Compare different FD tenures and interest payout options
Note: This calculator provides estimates. Actual FD interest may vary by bank and prevailing rates.