🏦 FD Calculator
Calculate Fixed Deposit maturity amount and interest earned. Compare simple interest vs compound interest FD returns for all Indian banks.
Fixed Deposit Calculator
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Maturity Amount
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Interest Earned
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Effective Rate
Top Bank FD Rates (2026)
| Bank | 1 Year | 2 Years | 5 Years |
|---|---|---|---|
| SBI | 6.80% | 7.00% | 6.50% |
| HDFC Bank | 6.60% | 7.00% | 7.00% |
| ICICI Bank | 6.70% | 7.00% | 7.00% |
| Axis Bank | 6.70% | 7.10% | 7.00% |
| Post Office | 6.90% | 7.00% | 7.50% |
*Rates are indicative. Check your bank for current rates. Senior citizens typically get 0.25–0.50% extra.
Frequently Asked Questions
Is FD interest taxable in India?
Yes. FD interest is taxable as per your income tax slab. Banks deduct TDS at 10% if interest exceeds ₹40,000/year (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
What is the maximum DICGC insurance on FD?
DICGC (Deposit Insurance and Credit Guarantee Corporation) insures deposits up to ₹5 lakh per depositor per bank. This covers both principal and interest.
Which FD tenure gives the best returns?
Most banks offer peak rates on 1–3 year FDs. Post Office FD offers 7.5% for 5 years which is currently one of the highest guaranteed returns. Always compare before investing.