Advanced FD Calculator
Calculate fixed deposit returns and compare interest rates across different banks and tenure options. Make informed decisions with detailed analysis and bank-wise comparisons.
FD Calculator
Bank Comparison
FD Laddering Strategy
Your FD Results
Maturity Amount
₹1,37,009
Interest Earned
₹37,009
Effective Rate
6.85%
Year-wise Breakdown
| Year | Opening Balance | Interest | Closing Balance |
|---|
Bank Comparison Results
FD Ladder Strategy
| FD # | Amount | Tenure | Maturity | Maturity Date |
|---|
Current FD Rates (Indicative)
🏦 SBI
🏦 HDFC Bank
🏦 ICICI Bank
🏦 Axis Bank
*Rates are indicative and may vary. Please check with respective banks for current rates.
Fixed Deposit Tips & Strategies
🎯 Laddering Strategy
Split your investment across multiple FDs with different maturity dates for better liquidity and rate optimization.
📊 Compare Rates
Small difference in rates can significantly impact returns. Always compare rates across banks before investing.
💡 Tax Planning
FD interest is taxable. Consider tax-saving FDs under Section 80C for additional benefits.
⏰ Timing Matters
Avoid premature withdrawal penalties. Plan your FD tenure according to your financial goals.
🔄 Auto-Renewal
Choose auto-renewal options carefully. Sometimes reinvesting at new rates might be more beneficial.
🏦 Diversify Banks
Don’t put all eggs in one basket. Spread investments across different banks for better risk management.
Frequently Asked Questions
What is the minimum amount for FD?
Most banks accept FDs starting from ₹1,000. However, some banks may have higher minimum amounts for certain schemes.
Is FD interest taxable?
Yes, FD interest is fully taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 per year.
Can I withdraw FD before maturity?
Yes, but banks charge penalty (usually 0.5-1% reduction in interest rate) for premature withdrawal.
What is FD laddering?
FD laddering involves creating multiple FDs with different maturity dates to optimize returns and maintain liquidity.
Which compounding frequency is better?
Higher compounding frequency (monthly/quarterly) gives better returns than annual compounding due to compound interest effect.
Are FDs safe investments?
Yes, FDs are one of the safest investments. Bank FDs are insured by DICGC up to ₹5 lakhs per depositor per bank.