FD Calculator
Estimate fixed-deposit maturity value and interest, compare compounding choices, and understand why the headline FD rate is not the same as your after-tax return.
FD Calculator
What to compare
- Rate and tenure
- Compounding frequency and payout option
- Premature withdrawal rules
- Tax treatment of interest
- Deposit insurance and institution-specific terms
FD return vs FD rate
The quoted annual rate is not the same as your effective return after tax. Interest income can be taxable, and TDS/compliance rules can change. Use the calculator's tax input only as a simple scenario, not as a tax filing calculation.
India's Income Tax Department currently notes that tax rules transitioned to the Income Tax Act, 2025 for relevant events from 1 April 2026, so tax-sensitive pages should be kept updated rather than hard-coding old provisions.
Cumulative vs non-cumulative FD
A cumulative FD generally keeps interest invested until maturity, while a non-cumulative option can pay interest periodically. Your cash-flow need should influence the choice.
Before opening an FD
- Check the exact maturity amount in the bank's schedule.
- Check whether the quoted rate is for the entire tenure or subject to conditions.
- Understand premature closure and reinvestment implications.
- Compare the after-tax outcome with other suitable low-risk options.
Frequently Asked Questions
Does higher compounding always mean a much higher return?
More frequent compounding can increase the effective yield for the same nominal rate, but the difference depends on the rate and tenure.
Is the after-tax result exact?
No. It is a simplified scenario based on your entered tax rate.
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