FD Calculator

Fixed Deposit · SBI · HDFC · Post Office · Senior Citizen Rates · TDS Estimate

Quick Bank Rate Presets (June 2026)

Principal Amount (₹)

Annual Interest Rate (%)

Tenure

Period

Compounding Frequency

Senior Citizen (+0.5% extra rate)

Age 60+ gets 0.5% higher rate at most banks

Show TDS Deduction (Sec 194A)

TDS @10% if interest > ₹40K/year (₹1L for seniors)

Free FD Calculator India 2026 — SBI, HDFC, Post Office, Senior Citizen Rates

SuccessMate's FD Calculator computes Fixed Deposit maturity amount, interest earned, and effective yield for any Indian bank or NBFC — updated for June 2026 rates. Simply enter principal, interest rate, tenure, and compounding frequency to get your exact maturity amount. Quick presets for SBI (7.1%), HDFC (7.4%), Post Office (7.5%), Bandhan Bank (7.75%), and Small Finance Banks (8.5%) let you compare returns across institutions in seconds.

Senior Citizen FD — Extra 0.5% Rate

Most Indian banks offer senior citizens (age 60+) an additional 0.5% per annum interest on Fixed Deposits. SBI's special "We-care" scheme adds an extra 0.5% over the regular senior citizen rate for 5-10 year tenures. Toggle the Senior Citizen option to instantly see the higher maturity amount. NRIs in USA, UK, UAE, and Australia with Indian FD accounts also benefit from competitive NRE/NRO FD rates ranging from 7% to 8.5% with complete tax-free interest on NRE accounts.

TDS on FD Interest — Know Before You Book

Banks deduct 10% TDS (Tax Deducted at Source) under Section 194A when annual FD interest exceeds ₹40,000 for general public or ₹1,00,000 for senior citizens. Submit Form 15G (non-seniors) or Form 15H (seniors) if your total income is below the taxable limit to avoid TDS deduction. Our calculator shows estimated TDS impact on your net maturity — a unique feature no basic FD calculator provides. Compare monthly, quarterly, half-yearly, and yearly compounding to see exactly how frequency impacts your returns.

FD Calculator – Fixed Deposit Maturity & Interest Calculator India

SuccessMate's FD calculator computes maturity amount and total interest for any fixed deposit — with monthly, quarterly, half-yearly or annual compounding. NRIs in the USA, UK, Canada, Australia, Germany and UAE widely use NRE and NRO fixed deposits in India for tax-free returns (NRE FDs are fully tax-exempt). This tool handles all compounding frequencies accurately. No login needed.

FD Rates & Compounding Impact 2026

Regular FD rates: SBI 6.5%–7.5%, HDFC 7.0%–7.4%, ICICI 6.7%–7.5%. Senior citizens get 0.25%–0.5% extra. Small Finance Banks offer 8.5%–9.5% (DICGC insured up to ₹5 lakh). Compounding makes a big difference: ₹1 lakh at 7% for 5 years with quarterly compounding earns ₹41,478 vs ₹35,000 with simple interest — ₹6,478 more.

NRE vs NRO Fixed Deposits for NRIs

NRE FD: funded from overseas earnings, fully repatriable, interest is tax-free in India (but may be taxable in USA, UK, Canada, Australia under FEMA/local tax rules). NRO FD: for India-source income, repatriation limited to $1 million/year, interest taxable at 30% in India (TDS deducted). Tax-saver FDs (5-year lock-in) give Section 80C deduction up to ₹1.5 lakh for resident Indians.

❓ Frequently Asked Questions

What is the best FD interest rate in India June 2026? ▾

SBI offers 6.5–7.25%, HDFC Bank 6.6–7.4%, Post Office 6.9–7.5%, Bandhan Bank up to 7.75%, and Small Finance Banks (like Unity, Suryoday) offer up to 8.5–9.1% p.a. Senior citizens get an additional 0.5% at most banks. NBFCs like Bajaj Finance offer up to 8.6% p.a. Always compare rates and check DICGC insurance coverage (up to ₹5 lakh per bank).

Is FD interest taxable? ▾

Yes. FD interest is added to your income and taxed as per your slab. Banks deduct 10% TDS if annual interest exceeds ₹40,000 (₹1,00,000 for seniors from FY 2025-26). Submit Form 15G/15H to avoid TDS if income is below taxable limit. Senior citizens can claim ₹50,000 deduction under Section 80TTB.

What is quarterly compounding and how does it affect FD returns? ▾

Most Indian banks compound FD interest quarterly. This means interest earned each quarter is added to the principal, and the next quarter's interest is calculated on this higher amount. Quarterly compounding gives higher returns than half-yearly or yearly compounding at the same nominal rate. The effective annual yield is slightly higher than the stated rate.

Can I break FD before maturity? ▾

Yes, premature withdrawal is allowed but banks charge a penalty of 0.5% to 1% on the applicable rate. For example, if you booked at 7% for 3 years but break after 1 year, the bank pays 1-year rate minus penalty. Tax-Saver FDs (5-year lock-in under Section 80C) cannot be broken prematurely.