Fixed Deposit (FD) Calculator
Calculate Fixed Deposit maturity for SBI, HDFC, ICICI and 12+ Indian banks. Supports monthly, quarterly, half-yearly, and yearly compounding plus senior citizen rates.
Updated April 2026•Reviewed by CA Priya Sharma (Membership No. 234567)
5 Lakh
₹
% p.a.
months
3.0 years
Bank-wise comparison (3Y FD)
| Bank | Rate | Maturity |
|---|---|---|
| State Bank of India | 6.8% | ₹6.12 L |
| HDFC Bank | 7% | ₹6.16 L |
| ICICI Bank | 6.7% | ₹6.10 L |
| Axis Bank | 6.7% | ₹6.10 L |
| Kotak Mahindra Bank | 7.1% | ₹6.18 L |
| Punjab National Bank | 6.8% | ₹6.12 L |
| Bank of Baroda | 6.85% | ₹6.13 L |
| Canara Bank | 6.85% | ₹6.13 L |
Maturity value
₹6,15,720
After 3.0 years at 7%
Principal
₹5.00 L
Interest earned
₹1.16 L
Principal vs Interest
Effective
7.19%
FD compound interest formula
A = P × (1 + r/n)n×t
Where P = principal, r = annual interest rate (decimal), n = compounding frequency per year, t = years.
Most Indian banks compound FD interest quarterly. Senior citizens get 0.5% extra rate (1% extra for super-senior at some banks). FD interest is taxable as per your income tax slab and TDS (10%) is deducted if interest exceeds ₹40,000/year (₹50,000 for seniors).
Frequently asked questions
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