FIXED DEPOSIT CALCULATOR
Calculate your exact bank maturity amount. Use our market-gap features to apply Senior Citizen bonus rates and see exactly how much bank tax (TDS) will be deducted.
FD Details
Maturity Report
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The Cost of "Safety"
Opportunity Cost SimulatorIf you invested this money in a Mutual Fund instead of a Bank FD, here is how much extra wealth you could have created.
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How to calculate FD interest compounded quarterly
How much tax is deducted on FD interest?
Many people think FD interest is completely free money. Sadly, it is not! Banks automatically deduct a tax called TDS (Tax Deducted at Source) if your interest crosses a certain limit. Our TDS Tax Deductor automatically subtracts this tax (usually 10%) so you can see your true, in-hand maturity amount.
Senior citizen extra interest on fixed deposits
Most banks reward senior citizens (people over 60 years old) with a higher interest rate to help them in retirement. This bonus is usually an extra 0.50% per year. Instead of doing the math yourself, just click our "Senior Citizen" switch, and our tool instantly boosts your return!
Will inflation eat my FD returns? (Market Gap)
This is our special market-gap feature. If you earn 7% interest on your FD, but the inflation rate is 6%, your real wealth only grew by 1%. Use our Inflation Reality Check to mathematically discount your final maturity amount so you can see exactly how much purchasing power your money will actually have in the future.
FD vs Mutual Fund Simulator (Market Gap)
A major reason people use FDs is safety, but they lose out on stock market growth. Use our Opportunity Cost Simulator to compare your FD against an Index Fund or Mutual Fund. It instantly calculates how much massive wealth you are losing out on by choosing a safe bank deposit instead of the stock market.