FD Calculator
Fixed deposit maturity with quarterly compounding — and a post-tax view because FD interest is fully taxable at your slab.
Current top FD rates: 6.5–7.5% for 1–5 yrs; senior citizens get +0.5%
FD interest is fully taxable at your slab. New regime typical: 5/10/15/20/30.
Compare FD rates across banks before you book one.
The main NetCorpus India planner rolls this into a 50-year retirement plan alongside your loans, EPF, taxes, trips, and life goals.
Fixed Deposit maturity calculator with quarterly compounding (the standard convention most Indian banks use) and a post-tax view, since FD interest is fully taxable at your slab rate.
Maturity value = principal × (1 + rate/4)^(4×years), reflecting quarterly compounding. Unlike PPF or ELSS, FD interest has no tax exemption — it's added to your income and taxed at your slab rate, and banks deduct TDS at 10% (20% without PAN) once interest crosses ₹40,000/year (₹50,000 for seniors) in a financial year.
₹5L at 7% p.a. for 5 years grows to about ₹7.1L. If you're in the 30% tax slab, the post-tax maturity value is meaningfully lower — the calculator's post-tax figure makes that visible up front instead of leaving you to discover it at tax-filing time.
Why does the calculator assume 30% tax by default?▾
It's a placeholder for the top salaried slab — adjust it to your actual marginal rate. FD interest stacks on top of your salary income, so it's usually taxed at whatever your highest slab is, not a flat rate.
Is a 5-year tax-saver FD different?▾
A 5-year tax-saver FD qualifies for Section 80C deduction on the amount invested (old regime only), but the interest earned is still fully taxable — the 80C benefit is only on the principal going in, not the interest coming out.