Savings calculator

Your FD pays interest. What’s left after tax?FD calculator: maturity, interest after tax and value in today’s money.

Enter your deposit, the bank’s interest rate and the number of years to see what your FD will pay at maturity. Then see how much of the interest is left after tax, and what the money is worth once prices rise. The result is an illustration at the rates you enter.

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FD calculator

DepositsInterest
Maturity amount–
Interest earned–
Interest after tax–
In today’s money–

Illustration only, at the rates you choose. Check current rates and rules before you decide.

How to use the FD calculator

  1. Enter the amount you plan to deposit, the interest rate the bank offers and how many years you’ll keep it.
  2. Pick your income tax slab, from 0% to 30%. FD interest is added to your income and taxed at this rate.
  3. Add the inflation you expect, to see what the maturity amount may be worth in today’s money.

How to read your result

Maturity amount is what the bank pays you at the end: your deposit plus the interest earned. Interest after tax is the part of that interest you keep once tax at your slab is paid. Maturity in today’s money shows what that amount could buy at today’s prices.

For example, ₹1,00,000 for 5 years at 7% grows to about ₹1,41,478, so the interest is about ₹41,478. In a 20% slab, about ₹33,182 of that is left after tax. At 6% inflation, the maturity amount is worth about ₹1,05,720 in today’s money. Your money grew, but what it can buy grew far less.

This assumes the interest stays in the FD until maturity. Banks may round or compound a little differently, and they may deduct TDS along the way, so check the bank’s own figure before you deposit. If the money is for a goal five or more years away, read SIP vs FD to see how the two compare.

How the FD calculator works

Most bank FDs add interest every quarter, so interest earns interest. P is your deposit, r is the yearly rate (7% is 0.07), t is the number of years, and A is the maturity amount. Interest after tax is the interest minus tax at your slab. Today’s money shows the maturity amount at today’s prices, using the inflation you enter.

A = P × (1 + r/4)^(4t); interest after tax = (A − P) × (1 − slab)

FAQ

Common questions

What is an FD calculator?
An FD calculator shows what a fixed deposit will pay at maturity for a given amount, rate and period. This one also shows the interest left after tax, and what the maturity amount is worth after inflation.
How is FD interest taxed?
FD interest is added to your income and taxed at your slab rate every year, even if you don’t withdraw it. Your slab depends on your income and on whether you file under the old or new tax regime. Tax rules change, so check with your CA.
Which tax slab should I choose?
Choose the rate at which the top part of your income is taxed. If your income is below the taxable limit, choose 0%. The calculator uses only that slab rate; it doesn’t add cess or surcharge. Your CA can tell you your exact rate.
Is the result guaranteed?
An FD’s rate is fixed when you open it, so the maturity amount is fairly certain if you keep it to the end. But the tax and inflation figures depend on what you enter, and banks may calculate slightly differently. Treat the result as an illustration.
Why does inflation matter for an FD?
Prices rise every year. If your FD earns 7% and prices rise 6%, the real growth is small, and after tax it can even fall behind prices. The inflation calculator shows how fast prices can add up.
Do you offer FDs?
No. FDs are offered by banks and the post office. We help families with mutual funds and insurance. This calculator is here to help you compare, and our team can explain how mutual funds differ from an FD for your goals.

Keep exploring

RD calculatorSee what a fixed monthly deposit adds up to at maturity.PPF calculatorSee what yearly PPF deposits could grow to over 15 years.EPF calculatorEstimate what your EPF could grow to by the time you retire.

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