Calculate Fixed Deposit (FD) maturity amount and interest for any bank, tenure and interest rate.
| Period | Opening | Interest | Closing |
|---|
Most major banks offer FD rates between 6.5% and 7.5% for regular citizens, with senior citizens getting an additional 0.25–0.50%. Small finance banks often offer higher rates of 8–9% with similar deposit insurance coverage of ₹5 lakh.
TDS Note: TDS of 10% is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if income is below taxable limit.