What is the best FD interest rate in India in 2025?

As of 2025, small finance banks like Unity Small Finance Bank offer up to 9.5% p.a. on FDs. Among major banks, IndusInd offers 7.75%, HDFC Bank 7.40%, and SBI 7.00% for tenures around 1-3 years. Senior citizens typically get 0.25-0.50% extra.

How is FD interest calculated in India?

FD interest is calculated using compound interest formula: A = P × (1 + r/n)^(n×t), where P is principal, r is annual rate, n is compounding frequency (quarterly=4), and t is time in years. For example, ₹1,00,000 at 7% for 1 year compounded quarterly = ₹1,07,186.

Is TDS deducted on FD interest in India?

Yes. TDS at 10% is deducted if total FD interest across all FDs in a bank exceeds ₹40,000/year (₹50,000 for senior citizens). Submit Form 15G (non-senior) or 15H (senior citizen) to avoid TDS if your total income is below taxable limit.

What is the difference between cumulative and non-cumulative FD?

Cumulative FD compounds interest and pays both principal and interest at maturity. Non-cumulative FD pays interest at regular intervals (monthly, quarterly, or annually) while returning principal at maturity. Cumulative FDs earn more due to compounding effect.

What is FD laddering strategy?

FD laddering means splitting your investment across multiple FDs with staggered maturity dates (e.g., 1-year, 2-year, 3-year). This provides liquidity at regular intervals while maximizing returns and reducing reinvestment risk.

🏦 FD CALCULATOR · INDIA 2025 · FREE

Fixed Deposit Calculator

Calculate FD maturity amount, interest earned, TDS, compare 20+ bank rates, plan your FD ladder strategy.

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🏦 FD Calculator

Senior Citizen (60+ years) +0.50% extra

Investment Details

Principal Amount (₹)

₹10K₹1Cr

Years

Months

Interest Rate (% p.a.)

3%12%

FD Type & Compounding

FD Type

Compounding Frequency

Tax & TDS

Income Tax Slab (%)

Form 15G/15H Submitted?

Quick Select Bank Rate

Bank (Auto-fill rate)

Maturity Amount
₹1,07,186
Principal + Interest

Total Interest

₹7,186

Earned over tenure

TDS Deducted

₹719

10% of interest

Net After Tax

₹1,05,746

After TDS + tax

Effective Return

7.19%

XIRR (absolute)

Inflation-Adj. Return

3.00%

Assuming 4% inflation

Principal93.3%

Interest Earned6.7%

TDS Deducted0.7%

FD Growth Over Time

📋 FD Summary

Principal₹1,00,000

Rate p.a.7.00%

Tenure1 Year

FD TypeCumulative

CompoundingQuarterly

Maturity Date—

💰 Tax Analysis

Gross Interest₹7,186

TDS Threshold₹40,000

TDS Applicable?Yes (>threshold)

TDS @ 10%₹719

Additional Tax₹721

Net Interest₹5,746

💡 At 7.00% quarterly compounding, your money grows by 7.19% effective annual rate.

📊 Compare FD Rates

Principal Amount (₹)

Years

Months

Senior Citizen Rates +0.50%

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📌 Rates updated periodically. Always verify with the bank before investing.

📊 Bank Rate Comparison

Maturity Comparison Across Banks

🪜 FD Laddering Strategy

Split your investment across multiple FDs with different tenures for liquidity + returns.

Total Investment (₹)

Ladder Strategy

Base Interest Rate (% p.a.)

Rate Step-up per Year (%)

Compounding

🪜 Your FD Ladder Plan

Total Maturity
₹6,14,750

Total Interest

₹1,14,750

Avg Rate

7.20%

Liquidity Events

5 per cycle

Ladder Maturity Timeline

🎯 Goal-Based FD Planner

Your Financial Goal

Target Amount (₹)

Target Date (Months from now)

Expected FD Rate (% p.a.)

Current Savings (₹) — if any

Required Investment
₹4,10,820
Lump sum needed today

Monthly SIP Alternative

₹12,340

RD installment equivalent

Shortfall / Surplus

₹89,180

Based on current savings

Goal Achievable?

✅ Yes

At given rate & tenure

📋 Goal Plan

Goal Progress Over Time

💰 TDS & Tax Calculator

⚠ FD interest is taxable as "Income from Other Sources" in your ITR.

Total FD Interest Expected This Year (₹)

Total Gross Income This Year (₹)

Age Group

Tax Regime

Section 80C Investments (₹)

📌 Submit Form 15G (below 60) or Form 15H (senior) to avoid TDS if total income is below taxable limit.

TDS Threshold
₹40,000
Per bank per year

TDS Deducted

₹5,000

@ 10% (Section 194A)

Additional Tax Liability

₹5,000

Extra to pay in ITR

Effective Tax Rate

20%

On FD interest

📋 Tax Breakdown

Tax Impact on FD Returns

📋 FD Tax Tips

Spread FDs across banksReduces per-bank TDS

5-Year Tax Saver FD80C deduction ₹1.5L

Form 15G/15HAvoids TDS if eligible

Joint FD (spouse)Split tax liability

Senior Citizen threshold₹50,000 (vs ₹40,000)

⚡ Premature FD Withdrawal

⚠ Breaking an FD early incurs a penalty (typically 0.5–1% lower rate).

Original Principal (₹)

Original Interest Rate (% p.a.)

Original Tenure (months)

Months Completed

Penalty Rate (% deduction)

Amount Received
₹1,05,180
After penalty deduction

Interest Earned

₹5,180

At reduced rate

Interest Lost

₹730

Due to early withdrawal

Effective Rate

6.50%

After penalty

📋 Break FD Analysis

💡 Consider if the purpose requires liquidity — a liquid FD or savings account might be better for emergency funds.

📅 FD Payout Schedule

Principal (₹)

Rate (% p.a.)

Tenure (months)

FD Start Date

Payout Frequency

📅 Interest Payout Schedule

#	Date	Opening Balance	Interest	Cumulative Interest	Closing Balance

FD & Investment Knowledge Hub

Expert guides on fixed deposits, tax planning, FD strategies, and maximizing returns in India.

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FD Calculator FAQ

Everything about fixed deposits, interest calculation, TDS, and FD strategies in India

About KJSynthora FD Calculator

India's most comprehensive free FD calculator. 7 calculators in one — FD maturity, bank comparison, ladder strategy, goal planning, tax analysis, break FD, and payout schedule.

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FD Maturity Calculator

Compound interest calculation with quarterly/monthly/annual compounding. Accurate to the paisa.

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20+ Bank Comparison

Compare SBI, HDFC, ICICI, Post Office, small finance banks — find the best FD rate for your tenure.

🪜

FD Ladder Strategy

Optimize your FD portfolio with multi-rung laddering for regular liquidity and maximum returns.

🎯

Goal-Based Planning

Calculate how much to invest today to reach your financial goal — vacation, education, home, wedding.

💰

TDS & Tax Calculator

Calculate TDS deduction, additional tax liability, and effective post-tax returns for both old and new regime.

⚡

Break FD Calculator

Calculate premature withdrawal amount after penalty deduction and compare with keeping the FD.

📅

Payout Schedule

Month-by-month or quarter-by-quarter interest payout schedule with exact dates and amounts.

👴

Senior Citizen FD

Automatic +0.50% for senior citizens (60+) with ₹50,000 TDS threshold instead of ₹40,000.

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⚖ KJSynthora FD Calculator vs Others

Feature	KJSynthora	BankBazaar	ClearTax	Scripbox
Bank Comparison (20+)	✓	✓	⚠ Limited	✗
FD Ladder Calculator	✓	✗	✗	✗
Goal-Based Planner	✓	⚠	✓	✓
TDS Calculator	✓	⚠	✓	✗
Break FD Calculator	✓	✗	✗	✗
Payout Schedule	✓	⚠	✗	✗
Senior Citizen Rates	✓	✓	✓	⚠
No Signup / Ads	✓	✗ Ads	✗	✗
Export CSV/PDF	✓	✗	⚠	✗