Bank-wise Fixed Deposit Calculator – Check FD Interest & Maturity Amount
Looking for the best fixed deposit interest rates in India? Use our comprehensive FD Calculator to compare and calculate maturity amounts across major Indian banks like SBI, HDFC, Punjab National Bank, ICICI, Axis Bank, Canara Bank, Bank of Baroda, Indian Bank and more. This calculator supports both Regular and Senior Citizen interest rates and allows you to input tenure in both days and months. You can also export your results to Excel and view a detailed bank-wise interest rate slab table for quick reference.
Fixed Deposit Calculator – Indian Banks
View Bank-wise Interest Rate Slabs
| Tenure | Regular Rate (%) | Senior Rate (%) |
|---|
* Rates as per respective bank websites. Last updated: March 2025
Why Use This FD Calculator?
- Compare interest rates across all major banks in one place
- Supports both Regular and Senior Citizen FD rates
- Calculate interest and maturity value easily
- Tenure input in days or months
- Prefilled quarterly compounding frequency
- Export result to Excel for financial planning
Frequently Asked Questions (FAQs)
1. How is FD interest calculated?
FD interest is calculated using compound interest based on the deposit amount, interest rate, tenure, and compounding frequency (quarterly in most Indian banks).
2. Which bank offers the highest FD interest rate?
The highest FD interest rate varies by bank and tenure. Generally, small finance banks and some public sector banks may offer higher rates. Senior citizens usually receive an additional 0.25% to 0.75% interest.
3. Can I calculate FD maturity amount for senior citizens?
Yes, this FD calculator allows you to toggle between Regular and Senior Citizen options to calculate maturity value as per applicable interest rates.
4. What is the difference between tenure in days and months?
Some banks offer interest rates based on exact days (e.g., 91 days, 180 days), while others provide slabs in months (e.g., 6 months, 1 year). Our calculator supports both inputs.
5. What is the compounding frequency used in FD calculation?
Most Indian banks follow quarterly compounding for fixed deposits. This calculator uses quarterly compounding as default.
6. Is TDS applicable on FD interest?
Yes. If the interest earned in a financial year exceeds ₹40,000 (₹50,000 for senior citizens), banks deduct TDS (Tax Deducted at Source) as per income tax rules.
7. Can I download my FD calculation results?
Yes, you can export your calculation results in Excel format for future reference or planning.
8. Are FD rates the same across all banks?
No. Each bank has different FD interest rate slabs based on tenure and customer type (Regular/Senior Citizen). Our calculator fetches interest based on the selected bank’s latest rate slabs.
9. Are interest rates fixed for the entire FD tenure?
Yes. Once an FD is booked, the interest rate remains fixed for the entire duration, regardless of any changes in market rates afterward.
10. What is the minimum and maximum FD amount I can calculate here?
You can calculate FD for any amount between ₹1,000 to ₹1 Crore or more. There’s no limit in the calculator for estimation.
11. Can I use this calculator for recurring deposits (RD)?
No, this tool is specifically for Fixed Deposits (FDs). For recurring deposit calculations, a separate RD calculator is recommended.
12. Are these interest rates updated regularly?
We refer to the latest official bank websites for updating FD interest rate slabs. Always cross-check with the respective bank for the most recent updates.
13. Do banks offer different rates for senior citizens?
Yes, most banks offer 0.25% to 0.75% higher FD interest rates for senior citizens above 60 years of age.
14. What happens if I break my FD before maturity?
Premature withdrawal is allowed by most banks but attracts a penalty of 0.5% to 1% lower interest than the applicable rate for the actual period the FD was held.