FD Interest Calculator

Last Updated 25th Feb 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 3.50% - 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% - 6.90%, 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% - 6.50%, 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% - 7.00%, 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% - 7.00%, 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% - 6.50%, 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
RBL 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 7.75% - 8.00%, Get Details Calculate Maturity Amount
HDFC FD Calculator 7.40% - 7.40%, Get Details Calculate Maturity Amount
LIC Housing Finance FD Calculator 7.30% - 7.50%, Get Details Calculate Maturity Amount
PNB Housing Finance FD Calculator 7.25% - 7.25%, Get Details Calculate Maturity Amount
Catholic Syrian Bank FD Calculator 3.50% - 6.75%, 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% - 7.25%, Get Details Calculate Maturity Amount
Dhan Laxmi Bank FD Calculator 4.00% - 6.75%, Get Details Calculate Maturity Amount
Karnataka Bank FD Calculator 3.50% - 7.15%, Get Details Calculate Maturity Amount
South Indian Bank FD Calculator 4.00% - 6.75%, 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% - 6.80%, Get Details Calculate Maturity Amount
Jammu And Kashmir Bank FD Calculator 5.00% - 6.90%, 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% - 7.90%, Get Details Calculate Maturity Amount
DBS Bank FD Calculator 4.00% - 7.50%, Get Details Calculate Maturity Amount
Bandhan Bank FD Calculator 3.50% - 7.70%, 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/-.
News - Feb 2017
22nd Feb 17 ICICI Bank and DishTv to provide customized UPI payment options for subscribers
ICICI Bank and DishTv have come together to develop customized UPI (Unified Payment Interface) for the DishTv subscribers. Subscribers can make payment through a specific UPI ID. The bank also plans to provide the UPI payment facility to non internet users via USSD platform. The alliance is expected to create a larger customer base for both the company and the bank.
22nd Feb 17 Bank NPAs surges to Rs. 6,14,872 crore, likely to rise further
A report by Care Rating has highlighted the mounting quantum of non- performing assets of private and public sector banks during 2016. As per the report, bad loans of private and public sector banks jointly rose steeply by 135 percent over the last two years from Rs. 2,61,843 crore to Rs. 6,14,872 crore in December 2016. Experts at Care Rating believe that the bad loans problem has been aggravated by demonetisation and expect to see a further rise in bad loans during the two quarters of FY18.
22nd Feb 17 Government launches BharatQR code to encourage cashless payments
With a view of encouraging customers to go cashless, Government of India in association with National Payment Corporation of India has launched another digital payment channel BharatQR code. Customers can make payments without swiping their credit and debit card by scanning the QR code that will be generated by merchant. With QR code, government intends to replace card swiping terminals. To support the initiative, NPCI has partnered with 14 banks including RBI and ICICI Bank.
22nd Feb 17 India sanctions 340 million dollars loan to Nepal for Infrastructural Development Programmes
India has sanctioned a soft loan of 340 million dollars to Nepal for funding various Infrastructural Development Programmes. Nepal is intended to construct a bridge and 15 roads under these programmes. India intends to strengthen the physical connectivity between various countries.
22nd Feb 17 SIDBI and Vijaya Bank combine together to provide micro loans to small businesses at concessional rates
SIDBI has signed a memorandum of understanding (MoU) with Vijaya Bank to provide micro loans to small enterprises at concessional rates. The MoU is aimed at promoting and strengthening business units in MSE segment. SIDBI will provide loans to MSME units at a concessional rate of 9.60 percent under its scheme SIDBI Make in India Soft Loan Fund for MSMEs.
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