FD Calculator
A fixed deposit allows you to invest your funds for a fixed term and earn returns at a fixed interest rate. 5paisa FD calculator is a tool that helps in calculating how much interest one would earn on a fixed deposit.
- Total Interest
- Investment Amount
Bank FD Calculators
| Bank FD Names | For General Citizens (p.a) | For Senior Citizens (p.a) |
|---|---|---|
| State Bank of India FD Calculator | 6.10% | 6.90% |
| HDFC Bank FD Calculator | 6.25% | 7.00% |
| ICICI Bank FD Calculator | 6.25% | 6.95% |
| IDBI Bank FD Calculator | 6.10% | 6.85% |
| Kotak Mahindra Bank FD Calculator | 6.20% | 6.70% |
| RBL Bank FD Calculator | 5.75% | 6.25% |
| KVB Bank FD Calculator | 6.10% | 6.60% |
| Punjab National Bank FD Calculator | 6.60% | 6.60% |
| Canara Bank FD Calculator | 6.50% | 7.00% |
| Axis Bank FD Calculator | 6.50% | 7.25% |
| Bank of Baroda FD Calculator | 5.65% | 6.65% |
| IDFC First Bank FD Calculator | 6.00% | 6.50% |
| Yes Bank FD Calculator | 6.75% | 7.50% |
| IndusInd Bank FD Calculator | 6.25% | 7.00% |
| UCO Bank FD Calculator | 5.30% | 5.80% |
| Central Bank of India FD Calculator | 6.25% | 6.75% |
| Indian Bank FD Calculator | 6.30% | 7.05% |
| Indian Overseas Bank FD Calculator | 6.40% | 6.90% |
| Bandhan Bank FD Calculator | 5.60% | 6.35% |
*The interest rates are subject to change as per the discretion of the bank
The target amount is the maturity amount on an FD, which includes the principal and the interest earned during the investment tenure. The most accurate way of calculating the same is using an FD calculator.
The target amount approach considers the target amount of the FD to help the investor to decide on the principal amount and tenure.
The investment approach considers the FD principal amount, rate of interest and tenure to state the maturity amount of the FD.
Several banks and NBFCs accept investors' money for deposits, and the minimum and maximum amounts differ as per their policies. Generally, Banks in India don’t specify an upper limit for FDs.
Investors can calculate the maturity amount by multiplying the FD interest rate with the FD tenure and deposit. Investors can find the simple interest on their investment by multiplying the principal with the interest rates and term and dividing it by 100.
In India, the tenure for FDs varies from 7 days to 10 years, as per the customer's choice. However, holding deposits for a longer term is beneficial, as it attracts a higher interest rate.
Banks and NBFCs allow investors to choose from simple or compound interest rate methods. Simple interest is interest-only on the FD principal, but compound interest is calculated on the principal and the interest.
There are no fixed FD interest rates as it varies from one bank to another depending on their policies and RBI guidelines. FD interests thus range from 2.9 to 5.25%, depending on the tenure, amount and bank policy.
Banks and Financial institutions in India pay interest at a higher rate to Senior citizens' FDs.
The interest rates for the various investor categories differ from bank to bank and NBFC to NBFC. The interest rate for senior citizens may thus vary from 9 to 9.5%.
You can calculate your monthly FD income by multiplying the interest rate of the FD with its principal and tenure and dividing it by 12.
If you have deposited your money in an FD at the simple interest you can withdraw your interest earnings monthly.
As per the guidelines of the Indian Income Tax Act, 1961, FD interest is taxable per slab rates. Banks and NBFCs must deduct tax at source at the rate of 10% if the total amount earned as interest from deposits exceeds ₹40,000.
FDs are a comparatively safer investment because they are not subject to market volatility; however, the returns are much lower than those whose values are subject to market fluctuations. All in all, it is a good investment option for risk-averse investors.
Investors calculate the cumulative interest by using the following formula:
(Cumulative interest) = Principal(1 + interest rate / 100) tenure - 1.
The manual calculation of FD maturity amount can be challenging and inaccurate as it involves multiple variables, which is why FD calculators are a better option.
When investors know their returns at maturity, it will guide them in their investment decisions.
Risk-averse Investors who want to earn interest on their idle funds are best suited for FD investment.
Yes, they do because, despite the fact that fixed deposits are fixed-income instruments, banks frequently vary interest rates on FD plans.
The maturity value of an FD is the sum of the capital invested and the interest income.
Frequently Asked Questions
The target amount is the maturity amount on an FD, which includes the principal and the interest earned during the investment tenure. The most accurate way of calculating the same is using an FD calculator.
The target amount approach considers the target amount of the FD to help the investor to decide on the principal amount and tenure.
The investment approach considers the FD principal amount, rate of interest and tenure to state the maturity amount of the FD.
Several banks and NBFCs accept investors' money for deposits, and the minimum and maximum amounts differ as per their policies. Generally, Banks in India don’t specify an upper limit for FDs.
Investors can calculate the maturity amount by multiplying the FD interest rate with the FD tenure and deposit. Investors can find the simple interest on their investment by multiplying the principal with the interest rates and term and dividing it by 100.
In India, the tenure for FDs varies from 7 days to 10 years, as per the customer's choice. However, holding deposits for a longer term is beneficial, as it attracts a higher interest rate.
Banks and NBFCs allow investors to choose from simple or compound interest rate methods. Simple interest is interest-only on the FD principal, but compound interest is calculated on the principal and the interest.
There are no fixed FD interest rates as it varies from one bank to another depending on their policies and RBI guidelines. FD interests thus range from 2.9 to 5.25%, depending on the tenure, amount and bank policy.
Banks and Financial institutions in India pay interest at a higher rate to Senior citizens' FDs.
The interest rates for the various investor categories differ from bank to bank and NBFC to NBFC. The interest rate for senior citizens may thus vary from 9 to 9.5%.
You can calculate your monthly FD income by multiplying the interest rate of the FD with its principal and tenure and dividing it by 12.
If you have deposited your money in an FD at the simple interest you can withdraw your interest earnings monthly.
As per the guidelines of the Indian Income Tax Act, 1961, FD interest is taxable per slab rates. Banks and NBFCs must deduct tax at source at the rate of 10% if the total amount earned as interest from deposits exceeds ₹40,000.
FDs are a comparatively safer investment because they are not subject to market volatility; however, the returns are much lower than those whose values are subject to market fluctuations. All in all, it is a good investment option for risk-averse investors.
Investors calculate the cumulative interest by using the following formula:
(Cumulative interest) = Principal(1 + interest rate / 100) tenure - 1.
The manual calculation of FD maturity amount can be challenging and inaccurate as it involves multiple variables, which is why FD calculators are a better option.
When investors know their returns at maturity, it will guide them in their investment decisions.
Risk-averse Investors who want to earn interest on their idle funds are best suited for FD investment.
Yes, they do because, despite the fact that fixed deposits are fixed-income instruments, banks frequently vary interest rates on FD plans.
The maturity value of an FD is the sum of the capital invested and the interest income.