Fixed Deposit (FD) Calculator
Calculate your fixed deposit returns and see how much your investment will grow with different tenures and interest rates. Plan your savings with precision!
FD Details
FD Results
Maturity Amount for 5 years at 7% interest
Understanding Fixed Deposits
A Fixed Deposit (FD) is a financial instrument provided by banks and NBFCs which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.
FDs are considered one of the safest investment options in India. They offer guaranteed returns and are not subject to market fluctuations. The interest rate for FDs is fixed at the time of opening the deposit and remains constant throughout the tenure.
Our FD calculator helps you determine the amount you will receive on maturity when you invest in a fixed deposit. Simply enter the deposit amount, the interest rate, tenure and compounding frequency to see detailed results.
Current FD Interest Rates (per annum)
| Bank | 1-2 Years | 2-3 Years | 3-5 Years | 5+ Years |
|---|---|---|---|---|
| SBI | 6.80% | 7.00% | 6.50% | 6.50% |
| HDFC | 7.00% | 7.25% | 7.00% | 7.00% |
| ICICI | 6.90% | 7.10% | 6.90% | 6.90% |
| Axis | 7.10% | 7.25% | 7.10% | 7.10% |
| Kotak | 7.20% | 7.30% | 7.00% | 7.00% |
Benefits of Fixed Deposits
- Guaranteed returns unaffected by market fluctuations
- Higher interest rates compared to savings accounts
- Flexible tenures from 7 days to 10 years
- Loan facility against FD without breaking it
- Choice of interest payout frequency
- Tax-saving FD options available
- Safe investment with deposit insurance up to ₹5 lakh