ZovaTool

FD Calculator

Fixed Deposit — full maturity, interest, post-tax, real value

Deposit Details

Tax, Inflation & Senior Citizen

Result

Maturity Amount
₹1,41,477.82
Total Interest
₹41,477.82
Effective Yield
7.19%
Post-tax Amount
₹1,29,034.47
Tax on Interest
₹12,443.35
TDS Deducted
₹4,147.78
Inflation-adj. Value
₹1,05,720.46
Total Payout (periodic)
₹0

How to use the FD Calculator

  1. Enter the Principal (one-time deposit) and Annual Interest Rate offered by the bank.
  2. Set the Tenure in Years and Months (e.g. 5 years 6 months).
  3. Choose Compounding Frequency — most Indian banks use Quarterly.
  4. Pick Payout Mode: Cumulative reinvests interest; Monthly/Quarterly/Yearly pays it out.
  5. Tick Senior Citizen for the extra 0.25–0.75% bonus rate.
  6. Add your Income Tax Slab and TDS Rate to see post-tax returns.
  7. Set Inflation Rate to view the real (today's-value) maturity.
  8. Use Premature Withdrawal months to simulate early break with a rate penalty.
  9. Switch to the Compare tab to pit two banks against each other.
  10. Export the schedule to CSV/PDF or share via link.
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Fixed Deposits — still worth it in a high-rate world?

Fixed Deposits remain the bedrock of conservative Indian savings. They guarantee a return, are insured up to ₹5 lakh per bank, and require zero market timing. But the headline rate isn't the full story.

Compounding frequency matters: a 7% rate compounded quarterly yields ~7.19% effective, while monthly compounding pushes it closer to 7.23%. Over long tenures, this gap is real money.

Tax is the silent killer. Interest is taxed at your slab rate — for a 30% bracket investor, a 7.5% FD nets just 5.25% post-tax. Use the post-tax stat to compare with debt mutual funds and tax-free bonds.

Senior citizens get 0.25–0.75% extra at most banks; small finance banks often offer 1% bonuses. Always check the effective yield, not just the headline rate.

Premature withdrawal usually costs 0.5–1% off the contracted rate. The calculator's premature stat shows the exact damage so you can decide between breaking the FD or taking a loan against it.