A Fixed Deposit (FD) is a secure investment where you deposit a lump sum with a bank for a fixed period at a guaranteed interest rate. Current top FD rates (April 2026): SBI 6.60%, HDFC Bank 6.50%, ICICI Bank 6.50% for general public; senior citizens get an additional 0.50% from most banks. This cal...
Years
Months
Senior Citizen (60+)?
TDS threshold: ₹50,000/yr (vs ₹40,000 general)
MATURITY AMOUNT
₹6.08 L
Interest: ₹1.08 L · EAY: 6.77%
MATURITY AMOUNT
₹6.08 L
TOTAL INTEREST
₹1.08 L
EFF. ANNUAL YIELD
6.77%
NET INTEREST
₹1.08 L
✓ No TDS: annual interest ₹36,166 < ₹40,000
BALANCE GROWTH
Quarterly compounding · TDS threshold ₹40k general / ₹50k seniors
Enter your deposit amount, interest rate, and tenure in years and months. Use the rate presets to quickly fill SBI, HDFC, or ICICI rates.
Select your payout type: Cumulative (interest reinvested — maximum maturity) or periodic payouts (Monthly/Quarterly/Half-Yearly/Annual) for regular income.
Toggle Senior Citizen if applicable — raises TDS threshold to ₹50,000/yr. Enter your tax slab to see net interest after TDS.
The calculator shows maturity amount, total interest, effective annual yield (EAY), TDS amount, and net interest in hand.
Rajan deposits ₹5,00,000 at SBI at 6.60% for 3 years (cumulative, quarterly compounding). Maturity = ₹5,00,000 × (1 + 0.066/4)^12 = ₹6,08,235. Total interest: ₹1,08,235. Effective Annual Yield: (1.0165)^4 − 1 = 6.76%. Annual interest ≈ ₹36,078 — below the ₹40,000 TDS threshold, so no TDS. Net interest in hand: ₹1,08,235.
| BANK | GENERAL (MAX) | SENIOR CITIZEN | NOTES |
|---|---|---|---|
| SBI | 6.60% | 7.10% | Amrit Vrishti 444d: 6.45% |
| HDFC Bank | 6.50% | 7.00% | Peak at ~3yr tenure |
| ICICI Bank | 6.50% | 7.00% | Golden Years FD for seniors |
| Axis Bank | 6.45% | 7.20% | FD Plus non-callable |
| Bajaj Finance | 6.95% | 7.30% | NBFC, CRISIL AAA rated |
| Small Finance Banks | 7.50%+ | 8.10%+ | Jana, Utkarsh, Suryoday |
As of April 2026 · Subject to change · Senior citizens receive ~0.50% additional · Check bank website for current rates
Compound Interest Calculator
Calculate instantly →
ROI Calculator
Calculate instantly →
SIP Calculator
Calculate instantly →
401(k) Calculator
Calculate instantly →
PPF Calculator
Calculate instantly →
IRA Calculator
Calculate instantly →
Inflation Calculator
Calculate instantly →
NPS Calculator
Calculate instantly →
Dividend Calculator
Calculate instantly →
Retirement Savings Calculator
Calculate instantly →
CAGR Calculator
Calculate instantly →
Mutual Fund Return Calculator
Calculate instantly →
Retirement Income Calculator
Calculate instantly →
Stock Return Calculator
Calculate instantly →
Formula: A=P×(1+r/4)^(4t) · EAY=(1+r/4)^4−1 · TDS ₹40k general / ₹50k senior (Budget 2025) · Rates as of April 2026 · Last updated: 25 April 2026 · Eagle-eyed accuracy for every calculation.