FD Calculator (2026) – Fixed Deposit Maturity Amount Calculator
🏭 FD Rates up to 9% p.a. in 2026
Fixed Deposit (FD) Calculator
Principal Amount ₹1,00,000
Interest Rate (% p.a.) 7%
Tenure (Years) 2 Years
Compounding Frequency
Maturity Amount
₹1,14,888
Principal Amount₹1,00,000
Total Interest Earned₹14,888
Effective Annual Yield7.19%
Maturity Amount₹1,14,888
Your investment grows by 14.89% over 2 years. FD is a safe, guaranteed return investment.
Principal vs Interest Earned
Principal
Interest
How to Use FD Calculator
The FD Calculator on CalculatorHubSite helps you instantly calculate your Fixed Deposit maturity amount and total interest earned. Enter 4 values for instant results:
- Principal Amount — amount you want to invest in FD
- Interest Rate — FD rates range from 6.5% to 9% in 2026
- Tenure — 1 year to 10 years
- Compounding Frequency — Quarterly (most common), Monthly, Half-Yearly, or Yearly
The calculator shows: maturity amount, total interest earned, effective annual yield, and principal vs interest breakdown chart.
FD Maturity Amount Formula
Compound Interest Formula (used by most banks):
A = P x (1 + r/n)^(n x t)
A = Maturity Amount
P = Principal Amount
r = Annual Interest Rate / 100
n = Compounding frequency per year (4 for quarterly)
t = Tenure in years
Example: Rs 1,00,000 at 7% for 2 years (quarterly compounding):
A = 1,00,000 x (1 + 0.07/4)^(4×2) = 1,00,000 x (1.0175)^8 = Rs 1,14,888
A = Maturity Amount
P = Principal Amount
r = Annual Interest Rate / 100
n = Compounding frequency per year (4 for quarterly)
t = Tenure in years
Example: Rs 1,00,000 at 7% for 2 years (quarterly compounding):
A = 1,00,000 x (1 + 0.07/4)^(4×2) = 1,00,000 x (1.0175)^8 = Rs 1,14,888
Simple Interest Formula (some short-term FDs):
A = P + (P x r x t / 100)
Example: Rs 1,00,000 at 7% for 2 years (simple interest):
A = 1,00,000 + (1,00,000 x 7 x 2 / 100) = 1,00,000 + 14,000 = Rs 1,14,000
Example: Rs 1,00,000 at 7% for 2 years (simple interest):
A = 1,00,000 + (1,00,000 x 7 x 2 / 100) = 1,00,000 + 14,000 = Rs 1,14,000
FD Interest Rates – All Banks 2026
Compare current FD rates from all major banks in India for 2026:
| Bank | General FD Rate | Senior Citizen Rate | Best Tenure |
|---|---|---|---|
| SBI Bank | 6.50% – 7.25% | 7.00% – 7.75% | 2-3 years |
| HDFC Bank | 6.60% – 7.40% | 7.10% – 7.90% | 15-18 months |
| ICICI Bank | 6.70% – 7.40% | 7.20% – 7.90% | 15-18 months |
| Axis Bank | 6.75% – 7.40% | 7.25% – 7.90% | 13-18 months |
| Kotak Bank | 6.75% – 7.40% | 7.25% – 7.90% | 390 days |
| PNB Bank | 6.50% – 7.25% | 7.00% – 7.75% | 400 days |
| Bank of Baroda | 6.50% – 7.30% | 7.00% – 7.80% | 400 days |
| Canara Bank | 6.50% – 7.25% | 7.00% – 7.75% | 3 years |
| IDFC First Bank | 6.75% – 7.90% | 7.25% – 8.40% | 500 days |
| Yes Bank | 7.00% – 8.00% | 7.50% – 8.50% | 18 months |
| IndusInd Bank | 6.75% – 7.75% | 7.25% – 8.25% | 1-2 years |
| RBL Bank | 7.00% – 8.10% | 7.50% – 8.60% | 500 days |
*Rates are indicative for April 2026. Check respective bank websites for latest rates. Senior citizen rates are typically 0.25% to 0.50% higher.
FD Maturity Amount Examples 2026
Ready reference maturity amounts at 7% interest rate (quarterly compounding):
| Principal | 1 Year | 2 Years | 3 Years | 5 Years |
|---|---|---|---|---|
| Rs 10,000 | Rs 10,719 | Rs 11,489 | Rs 12,314 | Rs 14,148 |
| Rs 50,000 | Rs 53,594 | Rs 57,444 | Rs 61,571 | Rs 70,739 |
| Rs 1,00,000 | Rs 1,07,186 | Rs 1,14,888 | Rs 1,23,144 | Rs 1,41,478 |
| Rs 5,00,000 | Rs 5,35,930 | Rs 5,74,442 | Rs 6,15,718 | Rs 7,07,391 |
| Rs 10,00,000 | Rs 10,71,859 | Rs 11,48,882 | Rs 12,31,440 | Rs 14,14,783 |
| Rs 25,00,000 | Rs 26,79,649 | Rs 28,72,204 | Rs 30,78,600 | Rs 35,36,956 |
*Calculated at 7% p.a. quarterly compounding. Use calculator above for your exact rate.
FD Tax & TDS Rules 2026
FD interest is taxable as per your income tax slab. Key rules:
| Category | TDS Threshold | TDS Rate | How to Avoid TDS |
|---|---|---|---|
| General Citizens | Rs 40,000/year | 10% (with PAN) | Submit Form 15G |
| Senior Citizens (60+) | Rs 50,000/year | 10% (with PAN) | Submit Form 15H |
| Without PAN | Any amount | 20% | Link PAN with bank |
Tax Saving FD (Section 80C)
- 5-year lock-in FD qualifies for Section 80C deduction up to Rs 1.5 lakhs/year
- Available at all major banks
- Premature withdrawal not allowed
- Interest earned is still fully taxable
- Old tax regime only — not available under new tax regime
Frequently Asked Questions – FD Calculator
How to calculate FD maturity amount?
FD maturity = P x (1 + r/n)^(n x t). P = principal, r = annual rate/100, n = compounding times per year, t = years. Example: Rs 1 lakh at 7% for 2 years quarterly = Rs 1,14,888. Use our free FD calculator above for instant results.
Which bank gives highest FD rate in 2026?
Among major banks in 2026: RBL Bank offers up to 8.10%, Yes Bank up to 8%, IDFC First Bank up to 7.90% for regular citizens. For senior citizens, rates are 0.25-0.50% higher. Small finance banks offer even higher rates (up to 9%) but with higher risk.
Is FD interest taxable?
Yes, FD interest is fully taxable as per your income tax slab. TDS is deducted at 10% if annual interest exceeds Rs 40,000 (Rs 50,000 for seniors). Submit Form 15G (or 15H for seniors) to avoid TDS if your total income is below taxable limit.
Can I break FD before maturity?
Yes for regular FDs — but a penalty of 0.5% to 1% is charged on interest rate. Tax-saving FDs (5-year) cannot be broken prematurely. For premature withdrawal, you get the applicable rate for the period held, minus the penalty.
FD vs SIP — which is better?
FD: guaranteed returns (6.5-8%), no risk, ideal for short-term goals. SIP in mutual funds: potentially higher returns (10-15% historically), market risk, best for long-term (5+ years). For safety and guaranteed returns choose FD. For wealth creation over 5+ years, SIP is generally better. Check our SIP Calculator to compare.
What is the minimum FD amount?
Minimum FD amounts: SBI Rs 1,000, HDFC Rs 5,000, ICICI Rs 10,000, Axis Bank Rs 5,000. Most banks start from Rs 1,000 to Rs 10,000. There is no maximum limit — you can invest any amount in FD.