FD Interest Calculator

Last Updated 16th Jan 2017
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% - 7.00%, Get Details Calculate Maturity Amount
HDFC Bank FD Calculator 3.50% - 6.95%, Get Details Calculate Maturity Amount
ICICI Bank FD Calculator 4.00% - 7.00%, Get Details Calculate Maturity Amount
Axis Bank FD Calculator 3.50% - 7.00%, Get Details Calculate Maturity Amount
Kotak Bank FD Calculator 4.00% - 6.75%, Get Details Calculate Maturity Amount
IDFC Bank FD Calculator 4.00% - 7.50%, 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% - 7.00%, Get Details Calculate Maturity Amount
IDBI Bank FD Calculator 4.25% - 6.90%, Get Details Calculate Maturity Amount
Indian Bank FD Calculator 4.00% - 6.50%, Get Details Calculate Maturity Amount
Indian Overseas Bank FD Calculator 4.00% - 6.75%, Get Details Calculate Maturity Amount
OBC FD Calculator 4.00% - 7.00%, Get Details Calculate Maturity Amount
PNB FD Calculator 4.25% - 7.00%, Get Details Calculate Maturity Amount
SBBJ FD Calculator 5.50% - 7.00%, Get Details Calculate Maturity Amount
Syndicate Bank FD Calculator 4.75% - 6.80%, Get Details Calculate Maturity Amount
Allahabad Bank FD Calculator 4.50% - 7.00%, Get Details Calculate Maturity Amount
Andhra Bank FD Calculator 4.00% - 7.00%, Get Details Calculate Maturity Amount
Bank of India FD Calculator 4.00% - 7.00%, Get Details Calculate Maturity Amount
Bank of Maharashtra FD Calculator 4.25% - 6.25%, Get Details Calculate Maturity Amount
Canara Bank FD Calculator 4.20% - 6.90%, Get Details Calculate Maturity Amount
Central Bank of India FD Calculator 4.00% - 7.00%, Get Details Calculate Maturity Amount
Dena Bank FD Calculator 4.50% - 7.25%, Get Details Calculate Maturity Amount
Punjab and Sind Bank FD Calculator 4.00% - 7.10%, Get Details Calculate Maturity Amount
State Bank of Hyderabad FD Calculator 5.50% - 7.00%, Get Details Calculate Maturity Amount
State Bank of Mysore FD Calculator 5.50% - 7.00%, Get Details Calculate Maturity Amount
State Bank of Patiala FD Calculator 5.50% - 7.00%, Get Details Calculate Maturity Amount
State Bank of Travancore FD Calculator 5.50% - 7.00%, Get Details Calculate Maturity Amount
UCO Bank FD Calculator 4.50% - 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% - 6.50%, Get Details Calculate Maturity Amount
United Bank of India FD Calculator 4.00% - 6.75%, Get Details Calculate Maturity Amount
IndusInd Bank FD Calculator 4.00% - 7.15%, Get Details Calculate Maturity Amount
Karur Vysya Bank FD Calculator 5.00% - 7.00%, Get Details Calculate Maturity Amount
Ratnakar Bank FD Calculator 5.00% - 7.85%, Get Details Calculate Maturity Amount
Yes Bank FD Calculator 5.50% - 7.15%, Get Details Calculate Maturity Amount
Citibank FD Calculator 3.00% - 5.75%, Get Details Calculate Maturity Amount
Deutsche Bank FD Calculator 4.00% - 7.75%, Get Details Calculate Maturity Amount
HSBC Bank FD Calculator 3.25% - 6.25%, Get Details Calculate Maturity Amount
Standard Chartered Bank FD Calculator 4.25% - 7.00%, Get Details Calculate Maturity Amount
DHFL FD Calculator 8.25% - 8.50%, Get Details Calculate Maturity Amount
HDFC FD Calculator 7.65% - 7.65%, Get Details Calculate Maturity Amount
LIC Housing Finance FD Calculator 7.85% - 7.95%, Get Details Calculate Maturity Amount
PNB Housing Finance FD Calculator 7.40% - 7.40%, Get Details Calculate Maturity Amount
Catholic Syrian Bank FD Calculator 4.00% - 7.00%, 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% - 7.50%, 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% - 7.00%, Get Details Calculate Maturity Amount
Tamilnad Mercantile Bank FD Calculator 5.00% - 7.00%, Get Details Calculate Maturity Amount
Federal Bank FD Calculator 3.50% - 7.00%, Get Details Calculate Maturity Amount
Jammu And Kashmir Bank FD Calculator 5.00% - 7.25%, Get Details Calculate Maturity Amount
Lakshmi Vilas Bank FD Calculator 4.50% - 7.00%, Get Details Calculate Maturity Amount
Nainital Bank FD Calculator 4.00% - 7.15%, Get Details Calculate Maturity Amount
DBS Bank FD Calculator 5.00% - 7.00%, Get Details Calculate Maturity Amount
Bandhan Bank FD Calculator 3.50% - 8.00%, Get Details Calculate Maturity Amount
Ahmedabad Mercantile Cooperative Bank FD Calculator 4.50% - 7.25%, Get Details Calculate Maturity Amount
Abhyudaya Cooperative Bank FD Calculator 6.00% - 7.50%, Get Details Calculate Maturity Amount
Akola Janata Commercial Cooperative Bank FD Calculator 4.00% - 7.50%, Get Details Calculate Maturity Amount
Almora Urban Cooperative Bank FD Calculator 4.00% - 7.65%, Get Details Calculate Maturity Amount
Jalgaon Janata Sahakari Bank Ltd FD Calculator 5.00% - 7.50%, Get Details Calculate Maturity Amount
Janakalyan Sahakari Bank Ltd FD Calculator 4.25% - 8.00%, Get Details Calculate Maturity Amount
Janaseva Sahakari Bank Borivli FD Calculator 4.00% - 8.50%, 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

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 - Jan 2017
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16th Jan 17 Home loans are likely to get additional tax incentives in the upcoming union budget for FY17
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14th Jan 17 Axis Bank cuts MCLR by up to 70 basis points
Axis Bank has reduced its overnight marginal cost of lending rate to 7.90 percent as compared to 8.55 percent earlier. The revised three month and six month MCLR now stands at 8.05 and 8.15 percent respectively. The bank has also reduced its one year MCLR by 65 basis points to 8.25 percent. The rates will be effective from 18th January, 2017.
14th Jan 17 Tata Capital Housing Finance reduces home loan interest rates
Tata Capital Housing Finance has reduced its home loan interest rates. The revised home loan rates for loan amount up to Rs.75 lakhs now stands at 8.70 percent for women borrowers. The NBFC has also reduced its home loan rates for other borrowers to 8.75 percent.
14th Jan 17 Gujarat government to launch Business for Sale website for selling sick MSMEs
Gujarat government is planning to launch a website named as business for sale for selling sick MSMEs. The initiative is expected to help sick MSMEs to sell their business online. The report by RBI highlights the total number of sick MSMEs in Gujarat at 42, 500 in 2016.
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