FD Calculator India 2026 — Bank-wise Interest Rates

Calculate Fixed Deposit maturity amount with bank-wise rates. Compare SBI, HDFC, ICICI, Axis Bank FD returns instantly.

FD Details

₹
Senior Citizen?

Standard rate applies

Deposit Amount

₹5,00,000

Principal

Interest Earned

₹1,90,210

@ 6.5% p.a.

Maturity Value

₹6,90,210

After 5 years

TDS on FD Interest

Annual Interest

₹38,042

Total TDS (10%)

₹0

Post-Tax Returns

₹6,90,210

TDS of 10% is deducted if annual FD interest exceeds ₹40,000. Submit Form 15G/15H to avoid TDS if your total income is below taxable limit.

Compare Across Banks (General Rates)

BankRateInterestMaturity
Best
Post Office TD
7%₹2,07,389₹7,07,389
ICICI Bank
6.7%₹1,97,033₹6,97,033
Axis Bank
6.7%₹1,97,033₹6,97,033
HDFC Bank
6.6%₹1,93,614₹6,93,614
SBI
6.5%₹1,90,210₹6,90,210
Bank of Baroda
6.5%₹1,90,210₹6,90,210
PNB
6.5%₹1,90,210₹6,90,210
Indian Bank
6.25%₹1,81,770₹6,81,770
Kotak Mahindra
6.2%₹1,80,093₹6,80,093

Rates as of January 2026. Actual rates may vary by tenure and deposit amount. Check with your bank.

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Fixed Deposit (FD) — Complete Guide for 2026

What is a Fixed Deposit?

A Fixed Deposit (FD) is a financial instrument offered by banks and NBFCs where you deposit a lump sum for a fixed tenure at a predetermined interest rate. FDs are considered one of the safest investment options in India.

FD Interest Rates in India — January 2026

FD rates vary by bank, tenure, and depositor category. Senior citizens typically get 0.25-0.50% higher rates. Post Office Time Deposits offer competitive rates at 7.0% for 5-year tenure.

FD Compound Interest Formula

A = P × (1 + r/n)^(n×t)
A = Maturity amount, P = Principal, r = Annual rate, n = Compounding frequency, t = Tenure in years

TDS on Fixed Deposit Interest

  • TDS threshold: ₹40,000/year (₹50,000 for senior citizens)
  • TDS rate: 10% if PAN is submitted, 20% without PAN
  • Avoid TDS: Submit Form 15G (below 60) or Form 15H (senior citizens) if total income is below taxable limit
  • Section 80TTB: Senior citizens get ₹50,000 deduction on interest income

Tax-Saving FD (Section 80C)

5-year tax-saving FDs qualify for deduction under Section 80C up to ₹1.5 lakh per year (old regime only). However, the interest earned is fully taxable. Compare with PPF which offers tax-free interest.

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