FD calculator
Enter your deposit, rate, tenure and compounding to see the maturity value, interest earned and what is left after tax. Below it, live bonds that yield more than your FD rate.
Maturity value
Maturity value 1,38,042 rupees.
₹1,00,000 at 6.5%, compounded quarterly, over 5 years.
Post-tax interest assumes tax at your slab is paid on each year's interest as it is credited, so only the net amount compounds on. That is how FD interest is actually taxed, and it is the model the bond vs FD calculator uses too.
Bonds that beat this FD
Bonds we track that yield more than the 6.5% you entered, highest first.
No live bond currently beats this rate. Try lowering the rate or check the full screener.
See the full highest-yield listHow this is calculated
A fixed deposit compounds its interest at whatever frequency the bank credits it, quarterly by far the most common in India. More frequent compounding means each interest credit starts earning its own interest sooner.
maturity = amount x (1 + rate / 100 / n) ^ (n x years)
n = compounding periods per year: 4 quarterly, 12 monthly, 2 half-yearly, 1 annual
interest earned = maturity - amount
post-tax interest = amount x (1 + rate x (1 - slab / 100) / 100 / n) ^ (n x years) - amount
effective annual yield = (1 + rate / 100 / n) ^ n - 1
- The rate you enter is assumed fixed for the whole tenure. A bank changing its card rate mid-way, or a floating-rate deposit, is not modelled.
- Post-tax interest compounds the post-tax rate, rate x (1 - slab / 100), because FD interest is taxed each year as it is credited rather than once at maturity. The bond vs FD calculator applies the same model, so the two pages agree on the same deposit. TDS deducted by the bank is a timing detail on top, adjustable against your final liability.
- Effective annual yield after compounding depends only on the rate and the compounding frequency, not on the amount or the tenure, so it is the same whether you deposit ten thousand rupees or ten lakh.
- Premature withdrawal penalties and any senior-citizen rate add-on are not modelled.
Frequently asked questions
Which compounding frequency gives the highest FD maturity value?
More frequent compounding wins, in this order: monthly, quarterly, half-yearly, annual. The gap is real but modest. On one lakh rupees at 6.5% for five years, monthly compounding beats annual compounding by a few hundred rupees, not a few thousand. The rate the bank quotes matters far more than the compounding frequency it uses.
Is FD interest taxed every year or only at maturity?
Every year. Interest is added to your income and taxed at your slab as it is credited, not saved up and taxed once at maturity, even for a cumulative FD that pays out only at the end. Banks typically deduct TDS once interest crosses a threshold in a financial year, currently ₹50,000 for most depositors and ₹1,00,000 for senior citizens, but confirm the current figure with your bank.
What is a realistic FD rate to enter?
Large bank FDs for one to five year tenures typically run in the 6 to 7.5% range, with small finance banks sometimes a point or more higher. Rates move with the RBI's policy rate, so check your bank's current published card rate rather than relying on last year's number.
How much more could a listed bond pay than this FD?
Check the bonds listed below the calculator, they only show bonds yielding more than the rate you entered. A higher yield is not free money though, a bond carries the issuer's credit risk and no deposit insurance, unlike a bank FD. The bond vs FD calculator turns that yield gap into an exact rupee number after tax.
Results are estimates for guidance only, not investment or tax advice. FD rates, bond yields and minimum investments change daily, and your actual tax depends on your full income, surcharge and cess. Verify every number with your bank or on the platform before you invest.