Calculate the maturity value of a bank fixed deposit with quarterly compounding — as used by every Indian bank.
₹1,00,000 at 7% for 5 years matures to ₹1,41,478.
Fixed Deposits remain the cornerstone of Indian household savings — nearly ₹110 lakh crore parked across banks, small-finance banks and NBFCs. Rates range 6.5–8.25% for regular investors and 7–9% for senior citizens (0.5% add-on). This calculator returns maturity value under quarterly compounding (the RBI-mandated norm for FDs) for any principal, rate and tenure.
FD interest is fully taxable at slab rates and TDS is deducted at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens; ₹1 lakh proposed FY25). Submit Form 15G/15H if income is below the exemption limit to avoid TDS. For laddering strategy, split the corpus across 5-year FDs opened annually to blend liquidity with rate stability.
Retiree parks emergency corpus in a scheduled-bank FD.
| Bank tier | Regular | Senior |
|---|---|---|
| PSU banks (SBI, PNB) | 6.75–7.00% | 7.25–7.50% |
| Large private (HDFC, ICICI) | 7.00–7.25% | 7.50–7.75% |
| Small finance banks | 8.00–8.50% | 8.50–9.00% |
| Corporate FD (AAA) | 7.50–8.25% | 7.75–8.50% |
Not submitting 15G/15H when eligible — TDS locks up funds till refund.
Breaking large FDs entirely — request partial premature withdrawal.
Ignoring DICGC ₹5 L insurance cap — split across banks for large corpus.
Choosing cumulative when regular income is needed (or vice versa).
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Ladder 5 FDs (1–5 year tenures) — reinvest matured FD as new 5-year each year.
Book new FDs online — 5–15 bps extra vs branch counter.
Seniors: use Section 80TTB ₹50k deduction on interest income.
Yes. FD interest is taxable at your slab rate and TDS is deducted if interest crosses ₹40,000/year (₹50,000 for senior citizens).
Yes — all major Indian banks compound FD interest quarterly.
Yes, typically 0.5%–1% below the applicable rate on the actual holding period.
The bonus / variable pay is shown separately since it is typically paid annually, not monthly.
via In-Hand Salary CalculatorFor pure risk cover, always term insurance. Endowment/ULIPs mix insurance with investment and typically deliver poor returns on both.
via Life Insurance CalculatorThis dataset is free to reference in articles, research and reports. Attribution to Taxpex Consultancy is all we ask. Data last verified 31 July 2026.
Taxpex Consultancy. (2026). FD Calculator — Taxpex. Retrieved from https://taxpex.com/tools/investment/fd-calculator<a href="https://taxpex.com/tools/investment/fd-calculator">FD Calculator — Taxpex</a> — Taxpex Consultancy