Calculate your fixed deposit maturity value with quarterly compounding, add the senior-citizen rate, and see what you actually keep after tax at your slab.
Last content review: September 26, 2026
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Step 1 of 3
The lump sum you place in the FD.
Maturity value
₹1,38,042
₹1,00,000 at 6.50% for 5 years
Tax is shown as a single estimate at maturity; in practice FD interest is taxed each year as it accrues. Compare the post-tax return with inflation to see your real gain.
With quarterly compounding, maturity = P × (1 + r/4)^(4 × t), where P is the deposit, r the annual rate and t the tenure in years. For example, ₹1 lakh at 6.5% for 5 years grows to about ₹1,38,042.
Yes. FD interest is taxed at your income-tax slab rate in the year it accrues. Banks deduct TDS once interest crosses the yearly threshold; you can submit Form 15G (or 15H for senior citizens) if your total income is below the taxable limit.
For FY 2025-26 onwards, banks deduct TDS when interest from one bank exceeds ₹50,000 a year for individuals below 60, and ₹1 lakh for senior citizens. Confirm the current limit with your bank.
Bank deposits are insured by DICGC up to ₹5 lakh per depositor per bank, including interest. Spreading larger amounts across banks keeps more of your money within the insured limit.
A bank FD states a contractual interest rate and deposit terms; a debt fund has a market-linked value. Tax treatment depends on the product and current rules. Compare liquidity, costs, risk and the date you need the money; do not assume the same tax rate for every holding.
Educational estimate only. Actual maturity depends on your bank's compounding method and payout option.