Calculate FD Returns
Compare FD Interest Rates - Top Indian Banks (% p.a.)
General Public | Below Rs. 3 Crore | Updated: Jan 2026
| Tenure | SBI | HDFC | ICICI | Axis | Kotak | PNB | BOB | Canara | IDFC First | Yes Bank | IndusInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7-14 days | 3.05 | 2.75 | 2.75 | 3.00 | 2.75 | 3.00 | 3.50 | 3.25 | 3.50 | 3.25 | 3.25 |
| 15-45 days | 3.05 | 3.25 | 2.75 | 3.00 | 2.75 | 3.00 | 3.50 | 3.25 | 3.50 | 3.75 | 3.50 |
| 46-90 days | 4.90 | 4.25 | 4.25 | 4.25 | 4.50 | 4.00 | 4.50 | 4.50 | 4.50 | 4.50 | 4.25 |
| 91-180 days | 4.90 | 4.25 | 4.50 | 4.50 | 5.25 | 5.00 | 5.50 | 5.25 | 5.75 | 5.25 | 5.00 |
| 181-270 days | 5.65 | 5.50 | 5.50 | 5.50 | 6.00 | 5.50 | 5.75 | 5.75 | 6.25 | 6.00 | 6.00 |
| 271-364 days | 5.90 | 5.75 | 5.50 | 5.75 | 6.00 | 5.75 | 6.00 | 6.00 | 6.50 | 6.50 | 6.50 |
| 1 year | 6.25 | 6.25 | 6.25 | 6.60 | 6.50 | 6.25 | 6.25 | 6.25 | 6.75 | 6.75 | 7.00 |
| 1-2 years | 6.25 | 6.45 | 6.60 | 6.60 | 6.70 | 6.40 | 6.50 | 6.50 | 7.00 | 7.00 | 7.00 |
| 2-3 years | 6.40 | 6.45 | 6.50 | 6.45 | 6.50 | 6.30 | 6.50 | 6.25 | 7.00 | 6.75 | 7.00 |
| 3-5 years | 6.30 | 6.40 | 6.50 | 6.45 | 6.25 | 6.10 | 6.25 | 6.25 | 6.75 | 6.50 | 6.75 |
| 5-10 years | 6.05 | 6.15 | 6.50 | 6.45 | 6.25 | 6.00 | 6.25 | 6.25 | 6.50 | 6.50 | 6.50 |
* Rates are indicative and subject to change. Last updated: January 2026. Verify with respective banks before investing.
Your FD Calculations History
| # | Principal | Period | Rate | Compounding | Interest | Maturity |
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FD Interest Breakdown - Period by Period Analysis
| Period | Opening Balance | Interest Earned | Total Interest | Closing Balance |
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Frequently Asked Questions about Fixed Deposits in India
What is a Fixed Deposit (FD)?
A Fixed Deposit (FD) is a financial investment offered by banks in India where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. FDs are considered one of the safest investment options as they are backed by banks and offer guaranteed returns. The interest earned on FDs is higher than regular savings accounts.
How is FD interest calculated in India?
FD interest in India is calculated using the compound interest formula: A = P(1 + r/n)^(nt), where P is the principal amount, r is the annual interest rate, n is the compounding frequency (typically quarterly for Indian banks), and t is the tenure in years. Most Indian banks compound interest quarterly, which means interest is added to your principal four times a year.
Which bank offers the highest FD interest rate in India?
As of January 2026, small finance banks and some private banks offer the highest FD rates in India, ranging from 7% to 8.5% for general public. Among major banks, IndusInd Bank, Yes Bank, and IDFC First Bank typically offer higher rates (6.75% - 7.00%) compared to public sector banks like SBI (6.05% - 6.40%). Senior citizens usually get an additional 0.25% - 0.50% on FD rates.
What is the minimum amount required to open an FD?
The minimum amount to open a Fixed Deposit varies by bank. Most major Indian banks like SBI, HDFC, and ICICI allow FDs starting from ₹1,000 to ₹10,000. Some banks offer FDs with amounts as low as ₹100. For online FD booking, the minimum is usually ₹10,000 at most banks.
Is FD interest taxable in India?
Yes, interest earned on Fixed Deposits is fully taxable in India as per your income tax slab. Banks deduct TDS (Tax Deducted at Source) at 10% if your total FD interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit. Tax-saving FDs under Section 80C have a 5-year lock-in period with a maximum deduction of ₹1.5 lakh.
What happens if I break my FD before maturity?
Premature withdrawal of FD is allowed by most Indian banks with a penalty. Typically, banks charge 0.5% to 1% penalty on the applicable interest rate. The interest is recalculated based on the rate applicable for the actual deposit period, and the penalty is deducted. Some banks offer sweep-in FDs or flexi-deposits that allow partial withdrawals without penalty.
What is the difference between cumulative and non-cumulative FD?
In a Cumulative FD, the interest is compounded and paid at maturity along with the principal, resulting in higher overall returns due to compound interest. In a Non-Cumulative FD, interest is paid out periodically (monthly, quarterly, or annually) to provide regular income. Cumulative FDs are better for wealth creation while non-cumulative FDs suit those needing regular income like retirees.
Are Fixed Deposits safe in India?
Yes, Fixed Deposits are among the safest investments in India. Deposits up to ₹5 lakh per depositor per bank are insured by DICGC (Deposit Insurance and Credit Guarantee Corporation), a subsidiary of RBI. This covers principal and interest. For amounts above ₹5 lakh, choosing scheduled commercial banks regulated by RBI is recommended for maximum safety.
How to Use the FD Interest Calculator
Step 1: Enter Principal Amount
Enter the amount you wish to invest in the Fixed Deposit. This is the lump sum amount that will earn interest over your chosen tenure.
Step 2: Select Investment Period
Choose the tenure for your FD in days, months, or years. Longer tenures may offer higher interest rates but lock your money for a longer period.
Step 3: Enter Interest Rate
Enter the annual interest rate offered by your bank. You can refer to our bank rates comparison table above to find current rates.
Step 4: Select Compounding Frequency
Most Indian banks compound interest quarterly. This means interest is added to your principal four times a year, earning you more through compound interest.
Understanding FD Returns
The maturity amount you receive from a Fixed Deposit depends on three key factors: the principal amount, the interest rate, and the compounding frequency. Our calculator uses the standard compound interest formula used by Indian banks to give you accurate results.
Example: If you invest ₹1,00,000 at 7% interest rate with quarterly compounding for 1 year, your maturity amount will be ₹1,07,186 (approximately), earning you ₹7,186 as interest.