FD Interest Calculator

Last Updated 08th Dec 2016
Deposit Amount
Rate of Interest %
Period of Deposit
Interest Compounding Frequency

Deposits are of two types – periodic interest payout and cumulative.

  • In a periodic interest payout option, you would receive a fixed interest at the end of every period (say, a quarter). The interest amount would remain unchanged through the tenure of the FD. Entire principal would be repaid at the end of the period. Life is easy!
  • But what about a cumulative deposit? You may remember having studied “compound interest” in middle school. Say, you place a deposit of Rs. 10,000/- with Bank A at 10% p.a. for 3 years. Now, how much money would you get at the end of 3 years?
  • Is it Rs. 10,000 in principal plus 10% interest or Rs. 1000 multiplied by 3? That comes to Rs. 13,000. However, if you use the FD calculator here, the result will be Rs. 13,449. Why does bank pay you this extra Rs. 449? This is the compounded FD interest.
  • In simple terms, interest on bank FD’s is typically compounded quarterly. So, a 10% per annum rate of interest means 2.5% per quarter. At the end of first quarter, the bank credits Rs. 250 to your deposit account and in the next quarter, the interest payable is 2.5% on Rs. 10250 and not on Rs. 10000. This process repeats itself for 12 quarters and earns you a total compound interest of Rs. 3449.
  • More the compounding frequency, higher the interest a customer earns on FD. So, instead of quarterly compounding, if the above FD was on monthly compounding basis, the interest amount would be Rs. 3482 instead of Rs. 3449 with quarterly compounding.
  • In the context of fixed deposits, FD interest compounding refers to earning interest on the interest itself! Slightly complicated but then you make more money this way!

FD Calculator

Bank Interest Rates Calculate Maturity Amount
SBI FD Calculator 5.50% - 6.95%, Get Details Calculate Maturity Amount
HDFC Bank FD Calculator 5.50% - 7.00%, Get Details Calculate Maturity Amount
ICICI Bank FD Calculator 5.50% - 7.10%, Get Details Calculate Maturity Amount
Axis Bank FD Calculator 5.50% - 7.00%, Get Details Calculate Maturity Amount
Kotak Bank FD Calculator 4.25% - 6.75%, Get Details Calculate Maturity Amount
IDFC Bank FD Calculator 6.25% - 7.75%, Get Details Calculate Maturity Amount
Bank of Baroda FD Calculator 4.50% - 7.00%, Get Details Calculate Maturity Amount
Corporation Bank FD Calculator 5.00% - 7.10%, Get Details Calculate Maturity Amount
IDBI Bank FD Calculator 4.25% - 7.15%, Get Details Calculate Maturity Amount
Indian Bank FD Calculator 4.50% - 6.50%, Get Details Calculate Maturity Amount
Indian Overseas Bank FD Calculator 4.00% - 7.25%, Get Details Calculate Maturity Amount
OBC FD Calculator 4.00% - 7.00%, Get Details Calculate Maturity Amount
PNB FD Calculator 4.75% - 7.00%, Get Details Calculate Maturity Amount
SBBJ FD Calculator 5.50% - 6.95%, Get Details Calculate Maturity Amount
Syndicate Bank FD Calculator 5.75% - 7.30%, Get Details Calculate Maturity Amount
Allahabad Bank FD Calculator 5.00% - 7.00%, Get Details Calculate Maturity Amount
Andhra Bank FD Calculator 4.50% - 7.15%, Get Details Calculate Maturity Amount
Bank of India FD Calculator 4.25% - 7.10%, Get Details Calculate Maturity Amount
Bank of Maharashtra FD Calculator 4.75% - 6.80%, Get Details Calculate Maturity Amount
Canara Bank FD Calculator 5.25% - 7.40%, Get Details Calculate Maturity Amount
Central Bank of India FD Calculator 5.00% - 7.40%, Get Details Calculate Maturity Amount
Dena Bank FD Calculator 5.00% - 7.25%, Get Details Calculate Maturity Amount
Punjab and Sind Bank FD Calculator 4.10% - 7.10%, Get Details Calculate Maturity Amount
State Bank of Hyderabad FD Calculator 5.50% - 6.95%, Get Details Calculate Maturity Amount
State Bank of Mysore FD Calculator 5.50% - 6.95%, Get Details Calculate Maturity Amount
State Bank of Patiala FD Calculator 5.50% - 6.95%, Get Details Calculate Maturity Amount
State Bank of Travancore FD Calculator 5.50% - 6.95%, Get Details Calculate Maturity Amount
UCO Bank FD Calculator 5.50% - 7.00%, Get Details Calculate Maturity Amount
Union Bank of India FD Calculator 5.00% - 7.25%, Get Details Calculate Maturity Amount
Vijaya Bank FD Calculator 4.00% - 6.75%, Get Details Calculate Maturity Amount
United Bank of India FD Calculator 4.00% - 6.75%, Get Details Calculate Maturity Amount
Bandhan Bank FD Calculator 4.00% - 8.25%, Get Details Calculate Maturity Amount
Ahmedabad Mercantile Cooperative Bank FD Calculator 8.75%, Get Details Calculate Maturity Amount
Akola Janata Commercial Cooperative Bank FD Calculator 6.00% - 8.00%, Get Details Calculate Maturity Amount
Almora Urban Cooperative Bank FD Calculator 4.50% - 7.75%, Get Details Calculate Maturity Amount
Janakalyan Sahakari Bank Ltd FD Calculator 5.75% - 8.00%, Get Details Calculate Maturity Amount
Janaseva Sahakari Bank Borivli FD Calculator 4.00% - 8.50%, Get Details Calculate Maturity Amount
Janata Sahakari Bank FD Calculator 6.75% - 9.25%, Get Details Calculate Maturity Amount
Kalyan Janata Sahakari Bank FD Calculator 4.50% - 8.25%, Get Details Calculate Maturity Amount
Kapol Cooperative Bank LTD FD Calculator 5.00% - 8.00%, Get Details Calculate Maturity Amount
Abhyudaya Cooperative Bank FD Calculator 6.25% - 8.00%, Get Details Calculate Maturity Amount
DHFL FD Calculator 8.50%, Get Details Calculate Maturity Amount
HDFC FD Calculator 7.65%, Get Details Calculate Maturity Amount
LIC Housing Finance FD Calculator 7.95%, Get Details Calculate Maturity Amount
PNB Housing Finance FD Calculator 7.80%, Get Details Calculate Maturity Amount
Standard Chartered Bank FD Calculator 7.00%, Get Details Calculate Maturity Amount
HSBC Bank FD Calculator 6.25%, Get Details Calculate Maturity Amount
IndusInd Bank FD Calculator 5.00% - 7.15%, Get Details Calculate Maturity Amount
ING Vysya Bank FD Calculator 4.50% - 7.50%, Get Details Calculate Maturity Amount
Karur Vysya Bank FD Calculator 5.00% - 7.00%, Get Details Calculate Maturity Amount
Ratnakar Bank FD Calculator 5.25% - 8.25%, Get Details Calculate Maturity Amount
Yes Bank FD Calculator 5.50% - 7.10%, Get Details Calculate Maturity Amount
Citibank FD Calculator 3.50% - 6.25%, Get Details Calculate Maturity Amount
Deutsche Bank FD Calculator 7.75%, Get Details Calculate Maturity Amount
Federal Bank FD Calculator 5.00% - 7.35%, Get Details Calculate Maturity Amount
DBS Bank FD Calculator 5.50% - 8.00%, Get Details Calculate Maturity Amount
Nainital Bank FD Calculator 4.50% - 7.90%, Get Details Calculate Maturity Amount
Lakshmi Vilas Bank FD Calculator 5.50% - 7.40%, Get Details Calculate Maturity Amount
Catholic Syrian Bank FD Calculator 5.50% - 7.15%, Get Details Calculate Maturity Amount
City Union Bank FD Calculator 6.25% - 7.10%, Get Details Calculate Maturity Amount
Development Credit Bank FD Calculator 4.00% - 7.70%, Get Details Calculate Maturity Amount
Dhan Laxmi Bank FD Calculator 4.00% - 7.25%, Get Details Calculate Maturity Amount
Karnataka Bank FD Calculator 3.50% - 7.25%, Get Details Calculate Maturity Amount
South Indian Bank FD Calculator 4.00% - 7.15%, Get Details Calculate Maturity Amount
Tamilnad Mercantile Bank FD Calculator 5.50% - 7.15%, Get Details Calculate Maturity Amount
Jammu And Kashmir Bank FD Calculator 5.00% - 7.25%, Get Details Calculate Maturity Amount

FD Interest Rate Calculator

Even if you want to forget them, government and income tax department won’t let you do so! Here’s what they do to your fixed deposit interest.

Income Tax on Fixed Deposit Interest

  • Interest income from FD’s is taxed at tax rate applicable to the deposit account holder. So, depending upon your tax bracket, out of the 10% that your bank pays on your deposit, you may have to pay upto 33.99% of that to the government for it to run the country. You can always contribute more to the motherland by donating some more.
  • One word of caution - interest on deposits is to be taxed on an accrual basis and not a receipt basis. Say, you place a cumulative deposit with a bank for 5 years and hence will receive interest only at the end of five years. Still, you must pay tax on the accrued interest for each of the years in that year itself.

Tax Deduction (TDS) on FD interest

  • Banks are required to deduct tax at source (TDS) at the rate of 10.30% on interest paid (accrued) on FD’s when the interest exceed Rs. 10,000/- in a financial year. This is calculated with all branches of the same bank taken together.
  • In case of companies, they must deduct TDS at 10.3% on deposits when the interest earned in a year exceed Rs. 5,000/-.
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News - Dec 2016
08th Dec 16 Canara Bank cuts MCLR by 15 basis points
Canara Bank has reduced its overnight and three months marginal cost of lending rate to 8.90 and 9.05 percent from 9.05 and 9.20 percent earlier. The bank has also reduced its six months and one year lending rates by 15 basis points to 9.10 and 9.15 percent from 9.25 and 9.30 percent respectively. Revised rates are effective from 7th December, 2016.
08th Dec 16 RBI stunned market with unchanged repo rate
Reserve Bank of India announced its fifth biannual monetary policy on 7th December, 2016. In the latest policy, RBI has left the repo rate unchanged that stands at 6.25 per cent. However, banks were given a liquidity boost with RBI withdrawing the 100 percent incremental cash reserve ratio (CRR) requirement which was imposed in late November post demonetisation.
07th Dec 16 Bank of India reduces its MCLR by 5 basis points
Bank of India has reduced its one month and six month marginal cost of lending rate by 5 basis points to 9.05 and 9.15 percent respectively. BoB has also reduced its one year MCLR rate to 9.25 percent from 9.30 percent earlier. Revised rates are effective from 7th December, 2016.
07th Dec 16 Bank of Baroda cuts MCLR by 20 basis points
Bank of Baroda has reduced its overnight and three months marginal cost of lending rate to 8.80 and 8.95 percent from 9 and 9.15 percent respectively. The bank has also reduced its one and five year lending rates by 20 basis points to 9.05 and 9.25 percent from 9.25 and 9.45 percent earlier. Revised rates are effective from 7th December, 2016.
07th Dec 16 HDFC Bank reduces its MCLR by 5 basis points
HDFC Bank has reduced its overnight marginal cost of lending rate by 5 basis points to 8.65 percent from 8.70 percent. The bank has also reduced its one month lending rate to 8.70 percent from 8.75 percent earlier. The new rates are effective from 7th December, 2016.
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