FD Calculator

As of 2026, public sector banks offer 6.5-7.25% for 1-5 year FDs. Private banks like HDFC, ICICI: 6.75-7.5%. Small Finance Banks (Equitas, Ujjivan, AU): 7.5-8.5%. NBFCs: 8-9%. Senior citizens get 0.5% extra across all banks.

Yes, fully taxable at your income tax slab. Banks deduct TDS at 10% if interest exceeds ₹40,000/year (₹50,000 for senior citizens). Submit Form 15G/15H if your total income is below the basic exemption limit to avoid TDS.

Cumulative FD: interest is reinvested and paid along with principal at maturity (higher final amount). Non-cumulative: interest paid out periodically (monthly/quarterly/half-yearly/yearly) — useful for retirees needing regular income.

Higher compounding frequency = higher effective yield. Monthly > quarterly > half-yearly > yearly. Difference is small (0.1-0.2%) but meaningful on large amounts. Most banks compound quarterly; some NBFCs offer monthly compounding.

Yes, but most banks charge 0.5-1% penalty on the applicable interest rate for the period the FD was actually held. Some special FDs (tax-saver 5-year) cannot be broken at all.

The 5-year tax-saving FD qualifies for 80C deduction (up to ₹1.5L, old regime only). However, returns are taxable and rates are slightly lower than regular FDs. For 80C, ELSS or PPF usually beats tax-saving FD on returns.

DICGC insurance covers up to ₹5 lakh per depositor per bank (since 2020). For larger amounts, split across multiple banks for full insurance coverage. PSU banks are considered safest; NBFC FDs have higher rates but higher counterparty risk.

A sweep-in/flexi FD automatically transfers amounts above a threshold from your savings to a short-term FD, giving FD-like interest with savings-account liquidity. Useful for emergency funds.