FD Calculator
Calculate maturity with TDS & compounding
Deposit Details
Senior Citizen (60+)
+0.5% extra interest
Maturity Amount
₹1,44,995
After 5 years
Interest Earned
+₹44,995
45.0% total
Net After TDS
₹1,44,995
10% TDS if applicable
Year-wise Growth
TDS Information
Annual Interest
₹8,999
TDS Threshold
₹40,000
TDS Amount
₹0
Banks deduct 10% TDS on FD interest if your annual interest exceeds ₹40,000 (₹50,000 for senior citizens), per Section 194A. Submit Form 15G/15H to avoid TDS if your total income is below the taxable limit. This is an estimate — consult your bank or a tax advisor for exact figures.
Fixed Deposits in India: The Complete Safety-First Investment Guide
Fixed Deposits (FDs) remain the bedrock of Indian savings, with a substantial share of household savings parked in bank deposits. In an era of volatile markets and uncertain returns, FDs offer guaranteed capital protection and predictable returns. Whether you're building an emergency fund, saving for a short-term goal, or preserving wealth in retirement, understanding how to maximize FD returns is crucial for financial security.
6-7%
Current FD rates
₹5L
DICGC insurance per bank
0.5%
Extra for senior citizens
Types of Fixed Deposits in India
Standard Bank FD
Traditional fixed deposit with banks
- • Tenure: 7 days to 10 years
- • Interest: 6-7% (public banks)
- • Safety: DICGC insured ₹5L
- • Liquidity: Premature withdrawal
Tax Saver FD (80C)
5-year lock-in with tax benefits
- • Lock-in: 5 years mandatory
- • Section 80C deduction
- • Interest taxable
- • No premature withdrawal
Corporate FD
Higher returns from companies
- • Interest: 8-9% typically
- • Risk: Company credit risk
- • Check CRISIL/ICRA ratings
- • Min: Usually ₹25,000
Post Office FD
Government-backed small savings
- • Sovereign guarantee
- • Tenure: 1-5 years
- • Interest: 6.9-7.5%
- • No TDS deduction
The FD Ladder Strategy: Smart Way to Maximize Returns & Liquidity
Instead of putting ₹5 lakhs in one 5-year FD, split it into five ₹1 lakh FDs with 1, 2, 3, 4, and 5 year maturities. This FD laddering technique gives you:
Regular Liquidity
One FD matures every year, giving you access to funds without breaking deposits
Rate Averaging
If rates rise, you reinvest at higher rates. If rates fall, you still have older high-rate FDs
No Penalty
Use maturing FD for needs instead of breaking long-term deposits early
Example: ₹5 Lakh FD Ladder
FD 1
₹1L @ 7%
Matures Year 1
FD 2
₹1L @ 7.2%
Matures Year 2
FD 3
₹1L @ 7.3%
Matures Year 3
FD 4
₹1L @ 7.5%
Matures Year 4
FD 5
₹1L @ 7.5%
Matures Year 5
When Year 1 FD matures, reinvest it for 5 years. Repeat annually for perpetual ladder.
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