Fixed Deposit Interest Calculator {FD Calculator}
Updated rate source: Table below (Updated on 15 Feb 2026)
Tip: Rate is editable. Senior rates vary by bank and tenure.
Example: 1.5 = 1 year 6 months
Result updates when you click Calculate.
Try changing the amount or rate to compare FD returns.
Latest Fixed Deposit Bank Rates – Updated on 15 Feb 2026
Nationalised Banks
| Bank Name | FD Interest Rate |
|---|---|
| State Bank of India (SBI) | 6.80% (Senior: 7.30%) |
| Punjab National Bank (PNB) | 6.75% (Senior: 7.25%) |
| Bank of Baroda (BoB) | 6.85% (Senior: 7.35%) |
| Canara Bank | 6.70% (Senior: 7.20%) |
| Union Bank of India | 6.65% (Senior: 7.15%) |
Private Banks
| Bank Name | FD Interest Rate |
|---|---|
| HDFC Bank | 7.00% (Senior: 7.50%) |
| ICICI Bank | 6.90% (Senior: 7.40%) |
| Axis Bank | 6.95% (Senior: 7.45%) |
| Kotak Mahindra Bank | 7.05% (Senior: 7.55%) |
| IDFC First Bank | 7.10% (Senior: 7.60%) |
Rates shown are indicative (general public). Senior citizen rates are shown in brackets and may vary by bank and tenure. Please confirm on the bank’s official site before investing.
What is a Fixed Deposit (FD)?
A Fixed Deposit (FD) is a savings option where you deposit a fixed amount for a fixed time period at a fixed interest rate. Many people use FDs for stability and predictable returns. This calculator is designed for quick checking—enter your amount, rate and time, then see the maturity amount or payout income depending on your selection.
How to Use This FD Interest Calculator
Step 1: Enter your deposit amount
Enter the amount you want to invest in the FD. You can try different amounts to compare outcomes and decide your best deposit size.
Step 2: Select a bank (optional) and confirm the rate
Selecting a bank will prefill a sample rate based on the table above. You can still edit the rate manually any time, which makes the tool useful for any bank or any special offer you receive.
Step 3: Choose time period and interest type
Keep the time in years (you can use decimals like 1.5 years). Choose Cumulative if you want the maturity amount at the end, or choose Monthly/Quarterly Payout if you want periodic interest income.
Types of FD Interest Payouts
Cumulative FD
This option is suitable if you want your returns to grow and receive the final maturity amount at the end of the FD period.
Monthly Payout FD
This option is useful for people who want regular monthly income (for example, retirees). You will see estimated monthly interest income.
Quarterly Payout FD
Similar to monthly payout, but interest is paid every quarter. You will see estimated quarterly income and total interest for the selected time.
Frequently Asked Questions
Is this calculator valid for all banks?
Yes. You can use the bank dropdown for quick rate filling, and you can also type any rate manually for any bank.
Why do bank FD rates change?
Banks can change FD rates based on liquidity needs, competition and market conditions. RBI policy can influence rates, but banks decide their FD rates independently.
How often are the rates updated here?
You can update the rates once every 30 days and show the “Updated on” date clearly for transparency.
