Is FD interest taxable in India?

Yes, FD interest is fully taxable as per the individual's income tax slab under Indian tax laws.

Do senior citizens get higher FD interest?

Most banks offer senior citizens an additional 0.25% to 0.75% interest on fixed deposits.

Fixed Deposit Calculator

Q: How is FD interest calculated?

FD interest is calculated based on deposit amount, interest rate, tenure, and compounding frequency chosen by the bank.

Calculate your Fixed Deposit maturity amount, interest earned, and post-tax returns using our free and accurate FD Calculator. Adjust deposit amount, interest rate, tenure, and compounding frequency to plan your savings with confidence.

Deposit Amount (₹)

₹ 10,000₹ 10,08,000₹ 20,06,000₹ 30,04,000₹ 40,02,000₹ 50,00,000

Interest Rate (%)

3467910

Tenure (Years)

159121620

Compounding Frequency

Senior Citizen (+0.5% interest)

Maturity Amount

₹ 0

Income Tax Slab (New Regime)

FD Summary

Effective Rate

Tenure

5 years

Compounding

Yearly

Wealth Multiplier

1.40×

A Fixed Deposit (FD) is one of the safest investment options in India, offering guaranteed returns over a fixed tenure. The FD interest rate and compounding frequency significantly impact the final maturity value.

This FD Calculator helps you estimate the maturity amount based on your deposit amount, interest rate, tenure, and compounding method (yearly, half-yearly, quarterly, or monthly). Senior citizens can also factor in additional interest benefits.

Tax on FD interest is calculated as per your income tax slab under the latest Indian tax rules. Actual returns may vary depending on bank policies and applicable tax regulations.