Fixed Deposit (FD) Calculator
Calculate Bank and Sovereign FDs with active Senior Citizen premiums (+0.50% to +1.00%), RBI quarterly compounding, discounted monthly payouts, and 0% to 30% tax brackets.
Deposit Parameters
+0.50% Premium*Under New Regime, income up to ₹12 Lakh gets full Section 87A rebate. Senior citizens submitting Form 15H have 0% TDS withheld.
Senior Citizen Premium Applied
Rate Boost: +0.5% over public card rate+₹2,462
Gross: +₹3,517+₹2,462
vs Regular 7% Public FD₹1,00,000 / Yr
vs ₹40,000 for regular savers₹1,00,000
Applied: 7.5% p.a.₹31,496
Gross: ₹44,995₹1,31,496
Tax: -₹13,498 (30%)₹93,755
Real CAGR: -1.28%Government-backed 8.2% fixed quarterly payout with zero default risk up to ₹30 Lakh. SCSS earns ₹1,35,041 (+₹3,544 more) over 5.0 years.
Fixed Deposit Growth Pathway (Quarterly (RBI Bank Std))
5.0 Yr HorizonImpact of Compounding Frequency on ₹1,00,000
Comparing compounding frequencies over 5.0 years at 7.5% p.a. (Senior Citizen).
| Compounding Period | Principal | Interest Rate | Effective Yield (APY) | Total Interest Earned | Final Maturity Amount |
|---|---|---|---|---|---|
Quarterly (RBI Commercial Bank Standard)Standard | ₹1,00,000 | 7.5% | 7.71% | ₹44,995 | ₹1,44,995 |
Monthly (NBFC / Corporate FD) | ₹1,00,000 | 7.5% | 7.76% | ₹45,329 | ₹1,45,329 |
Half-Yearly | ₹1,00,000 | 7.5% | 7.64% | ₹44,504 | ₹1,44,504 |
Yearly (Annual Reinvestment) | ₹1,00,000 | 7.5% | 7.5% | ₹43,563 | ₹1,43,563 |
Simple Interest (Under 181 Days / Short-Term) | ₹1,00,000 | 7.5% | 7.5% | ₹37,500 | ₹1,37,500 |
Under Reserve Bank of India (RBI) guidelines, interest on cumulative term deposits across all commercial banks (SBI, HDFC, ICICI, PNB, etc.) is calculated and added back to principal four times a year (quarterly). Certain Non-Banking Financial Companies (NBFCs) or corporate FDs may explicitly offer true monthly or annual compounding, but commercial banks strictly adhere to the quarterly regulatory standard.