FD Calculator — Fixed Deposit Maturity 2026

Banks use compound interest: A = P × (1 + r/n)^(n×t), where P is the deposit, r the annual rate, n the compounding frequency and t the tenure in years. Most Indian banks compound quarterly (n = 4). Example: ₹1,00,000 at 7% for 1 year compounded quarterly grows to about ₹1,07,186.

Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct 10% TDS when your interest across the bank crosses the annual threshold (₹50,000 for most depositors, ₹1,00,000 for senior citizens as per FY 2025-26 rules). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.

Yes, almost all banks pay senior citizens an extra 0.25% to 0.50% per year over the regular card rate. Some banks also run special schemes for depositors above 60 with an additional premium on select tenures.

Premature withdrawal usually attracts a penalty of 0.5% to 1% — the bank pays interest at the rate applicable for the period the deposit actually ran, minus the penalty. Some banks offer sweep-in or partial-withdrawal FDs that reduce this cost.