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FD Calculator
Fixed Deposit Maturity · Interest Earned · SBI · HDFC · Post Office
❓ Frequently Asked Questions
What is a good FD interest rate in India 2026? ▾
SBI offers 6.5–7.25%, HDFC Bank 6.6–7.4%, Post Office 6.9–7.5% depending on tenure. Senior citizens get 0.25–0.50% extra. Compare rates before booking.
Is FD interest taxable? ▾
Yes. FD interest is added to your income and taxed as per your income tax slab. Banks deduct 10% TDS if annual interest exceeds ₹40,000 (₹50,000 for seniors). Submit Form 15G/15H to avoid TDS if your income is below taxable limit.
What is the difference between simple and compound interest FD? ▾
Most Indian bank FDs use compound interest (quarterly compounding). The maturity amount is higher with compound interest. Simple interest FDs are rare and give lower returns.
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