FD Maturity Calculator
Quarterly Compounding · Senior Citizen Rates · TDS Limits FY 2026-27
AdSense 728×90
FD Details
Principal Amount (₹)
Interest Rate (% p.a.)6.25%
3%12%
Default 6.25% = SBI 1–2 yr card rate (Oct 2026). Type your bank's exact rate, e.g. 6.05 or 6.40.
Tenure1 Year
3 Months10 Years
Investor Type
Regular Standard rate
Senior Citizen + extra rate
Compounding Frequency
TDS on Interest
10% TDS PAN, above limit
20% TDS No PAN, above limit
No TDS Form 15G/H
Net Maturity Amount
₹0
After TDS deduction
Principal
₹0
Interest Earned
₹0
TDS Deducted
₹0
FD Summary
Principal₹0
Interest Rate6.25% p.a.
Tenure1 Year
CompoundingQuarterly
Gross Maturity₹0
Gross Interest₹0
TDS Deducted− ₹0
Net Maturity₹0
AdSense 300×250
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Frequently Asked Questions
FD interest uses the compound interest formula: A = P × (1 + r/n)^(nt), where P is principal, r is annual rate, n is compounding frequency, and t is tenure in years. Most Indian bank FDs compound quarterly.
As of October 2026 (FY 2026-27), SBI's card rates for the general public are 6.05%–6.40% (highest 6.40% for 2–3 years). Senior citizens get +0.50%, or +1.00% on 5–10 year deposits at SBI. Small finance banks often pay more — always check the bank's current rate card.
From 1 April 2025, a bank deducts TDS at 10% (20% without PAN) only if your interest from that bank in a financial year exceeds ₹50,000 (₹1,00,000 for senior citizens). This is Section 393 of the Income-tax Act 2025 (old Section 194A). TDS is not the final tax — FD interest is taxed at your slab rate. Submit Form 15G/15H if your total income is below the taxable limit to avoid TDS.
FDs are insured up to ₹5 lakh per depositor per bank under DICGC (Deposit Insurance and Credit Guarantee Corporation). Spreading FDs across banks gives you more coverage.
Cumulative FDs reinvest interest and pay the full amount at maturity (better for wealth creation). Non-cumulative FDs pay interest periodically — monthly, quarterly, or annually (better for regular income).