FD Calculator
Calculate Fixed Deposit returns with different compounding frequencies. Compare FD rates across banks and find the best option for your savings.
FD Investment Details
Deposit Amount₹1,00,000
Annual Interest Rate7%
Tenure (Years)1 yr
Compounding Frequency
Principal vs Interest
Maturity
—
Principal
Interest
Principal
—
Interest Earned
—
Maturity Amount
—
Effective Yield
—
Total Return %
—
🏦 Current FD Rates (Indicative)
SBI
7.5%
1 Year
HDFC Bank
7.75%
1 Year
ICICI Bank
7.8%
1 Year
Axis Bank
8.0%
1 Year
Kotak Bank
8.5%
1 Year
IDFC First
9.0%
1 Year
⚠️ Rates are indicative. Check bank websites for current rates and senior citizen benefits.
📅 Year-wise FD Growth
| Year | Balance | Interest Earned | Cumulative Interest | Total Return % |
|---|
FD Compound Interest Formula
A = P × (1 + r/n)^(n×t)
Interest = A − P
P = Principal | r = Annual interest rate / 100 | n = Compounding frequency per year (1=Yearly, 4=Quarterly, 12=Monthly) | t = Tenure in years
💡 Example Scenarios
Short Term
1-Year Bank FD
₹1 lakh in a 1-year FD at 7.5% quarterly compounding. Best for short-term parking of funds.
₹1L deposit7.5% rate1 yearQuarterly
Medium Term
5-Year Tax Saver FD
₹5 lakh in a 5-year tax saver FD. Eligible for 80C deduction and guaranteed returns. Lock-in for 5 years.
₹5L deposit8% rate5 years
High Rate
Small Finance Bank FD
Small finance banks often offer 8.5–9.5% rates. Monthly compounding maximizes returns but check DICGC coverage.
₹2L deposit9% rate3 yearsMonthly
📖 How to Use
1
Enter Deposit Amount and Rate
Input your FD amount and the annual interest rate offered by your bank. You can also click on any bank in the comparison table above to auto-fill their current rate.
2
Choose Compounding Frequency
Most banks compound FD interest quarterly. Monthly compounding gives slightly higher returns. Daily compounding is rare but maximizes yield. The difference in final amount varies based on tenure.
3
Compare Effective Yield
The "Effective Yield" shows the true annual return considering compounding frequency. Use this to compare FDs across banks — a higher rate with less frequent compounding may actually give lower returns than a slightly lower rate compounded monthly.