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FD & RD Calculator India 2026 — Fixed Deposit & Recurring Deposit Maturity
Calculate maturity amount and interest for Fixed Deposits and Recurring Deposits. Compare SBI, HDFC, ICICI, PNB rates. Includes senior citizen rates and post-tax returns.
FD Formula: A = P × (1 + r/n)^(n×t) — P = principal, r = annual rate, n = compounding frequency, t = years. Example: ₹1,00,000 at 7% for 2 years (quarterly) = ₹1,14,986 maturity, ₹14,986 interest earned.
Fixed Deposit Calculator
₹1K₹1 Cr
1%15%
1 Month10 Years
Maturity Amount
₹1,14,986
Interest Earned
₹14,986
Principal Invested₹1,00,000
Interest Earned₹14,986
Effective Annual Yield7.21%
TDS Deducted (10%)₹1,499
Tax on Interest₹2,997
Post-Tax Maturity
₹1,11,989
📊 Principal vs Interest Breakdown
🏦 FD Interest Rates Comparison — Top Banks India 2026
Compare current Fixed Deposit rates across major Indian banks. Senior citizens get an additional 0.25%–0.50% above regular rates.
| Bank | 1 Year | 2 Years | 3 Years | 5 Years | Senior Citizen |
|---|---|---|---|---|---|
| SBI | 6.80% | 7.00% | 6.75% | 6.50% | +0.50% |
| HDFC Bank | 7.10% | 7.25% | 7.40% | 7.00% | +0.25% |
| ICICI Bank | 7.00% | 7.10% | 7.25% | 7.00% | +0.25% |
| PNB | 6.75% | 7.00% | 7.00% | 6.50% | +0.50% |
| Axis Bank | 7.10% | 7.20% | 7.10% | 7.00% | +0.25% |
| Kotak Mahindra | 7.40% | 7.40% | 7.40% | 6.20% | +0.50% |
| Post Office (NSC) | 6.90% | 6.90% | 7.00% | 7.50% | Same |
* Rates are indicative. Verify with your bank before investing. Rates subject to change.
📖 How to Use This FD & RD Calculator
- Choose FD or RDFixed Deposit — one-time lump sum. Recurring Deposit — monthly installment savings. Toggle at the top switches between both modes.
- Enter Amount & RateSet your deposit amount and interest rate. Use the bank comparison table below for current rates. Tick the Senior Citizen box for the extra 0.50% rate benefit.
- Set Tenure & CompoundingSelect your deposit tenure in months. For FD, choose the compounding frequency — banks typically compound quarterly.
- Select Tax SlabChoose your income tax slab to see post-tax maturity amount after TDS and income tax on interest. This shows your true take-home return.
✅ Why Use This FD & RD Calculator
🏦
FD + RD in One
Switch between Fixed Deposit and Recurring Deposit instantly.
👴
Senior Citizen Rates
One-click toggle adds 0.50% extra for senior citizen FD rates.
💸
Post-Tax Returns
See actual maturity after TDS and income tax — the real take-home amount.
📊
Visual Breakdown
Doughnut chart shows principal vs interest earned at a glance.
🏛️
Bank Rate Table
Compare current FD rates from SBI, HDFC, ICICI, PNB and more.
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100% Private
No data stored or sent anywhere. Runs in your browser.
❓ FD & RD Calculator — Frequently Asked Questions
What is the FD maturity formula?
FD maturity formula (compound interest, most common): A = P × (1 + r/n)^(n×t). Where A = maturity amount, P = principal, r = annual rate as decimal, n = compounding frequency (quarterly = 4), t = years. Example: ₹1 lakh at 7% for 2 years quarterly: A = 1,00,000 × (1 + 0.07/4)^(4×2) = ₹1,14,986. Interest = ₹14,986.
What are current FD interest rates in India 2026?
FD interest rates in India 2026: SBI 6.80%–7.00%, HDFC 7.10%–7.40%, ICICI 7.00%–7.25%, Kotak 7.40%, Axis 7.10%–7.20%, Post Office NSC 7.50% (5-year). Senior citizens get 0.25%–0.50% extra. Small finance banks like AU, ESAF, Suryoday offer 8%–9% but with higher risk.
Is FD interest taxable in India?
Yes — FD interest is added to your income and taxed at your slab rate. Banks deduct TDS at 10% when annual interest exceeds ₹40,000 (₹50,000 for seniors). Submit Form 15G (regular) or 15H (senior citizen) if your total income is below the taxable limit to avoid TDS. Net return after 30% tax on a 7% FD is effectively about 4.9%.
What is the difference between FD and RD?
FD: Invest a lump sum once, earn interest on the full amount from day 1. Better for those with a large amount ready to invest. RD: Invest monthly installments, interest calculated on each installment. Better for salaried individuals who save regularly. For the same total amount invested, FD gives slightly higher returns because the full amount earns interest from the start.
What is a tax-saving FD?
A tax-saving FD has a mandatory 5-year lock-in and qualifies for Section 80C deduction up to ₹1,50,000. Current rates: SBI 6.50%, HDFC 7.00%, ICICI 7.00%. The principal investment gets tax benefit but the interest earned is fully taxable. You cannot break it before 5 years.
Which is better — FD or SIP for long-term investment?
For long-term (5+ years): SIP in equity mutual funds historically returns 10–15% CAGR vs FD returns of 6.5–7.5%. ₹1 lakh invested for 10 years: FD at 7% = ₹1.97 lakh. SIP at 12% = ₹3.11 lakh. FD is better for short-term (1–3 years) and guaranteed returns. SIP is better for long-term wealth creation but carries market risk. Both are complementary in a balanced portfolio.
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