🏦 Updated with 2026 Bank Rates — Senior Citizen Special Rates Included | Explore All Tools →
🏦 Advanced FD Calculator 2026
Fixed Deposit Calculator Returns, Tax & Bank Comparison
Cumulative & non-cumulative FD, TDS calculation, 15+ bank comparison, FD Ladder strategy — India’s most comprehensive FD calculator.
✓ 15+ Banks
✓ TDS & Tax
✓ Senior Citizen Rates
✓ FD Ladder
✓ FD vs SIP vs PPF
✓ Payout Schedule
FD Details
Principal Amount
₹10K₹1Cr
Interest Rate (p.a.)
4%12%
Tenure
7 Days10 Yrs
Compounding Frequency
FD TypeToggle: Non-Cumulative (regular payout)
Payout Frequency
Senior Citizen+0.50% extra interest rate
Your Income Tax Slab
Bank Presets
Cumulative FD Returns
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Interest %
Principal
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Interest Earned
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TDS Deducted
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💰 Maturity / Total Amount
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Principal
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Interest Earned
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TDS (10%)
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Deducted by bank if interest >₹40K/yr
Tax Payable (Your Slab)
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After TDS credit
Net Interest (After Tax)
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Effective return
Effective Annual Yield
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After compounding
📆 Payout Schedule
Period
Payout Date
Interest Payout
TDS (10%)
Net Received
📈 FD Growth Chart
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Indian Bank FD Rates 2026 — 1 to 3 Years
💡 Click on any bank to use its rate in the calculator. Senior citizen rates are +0.25% to +0.75% higher. Rates as of March 2026.
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FD Ladder Strategy
Split your investment into 5 FDs of different tenures for regular liquidity + maximum returns
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FD vs SIP vs PPF — ₹1 Lakh over 5 Years
Same ₹1,00,000 invested. FD = lump sum. SIP = ₹1,667/month. PPF = ₹8,333/month lock-in 15 yrs (shown for 5yr partial). Adjust rate to compare.
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TechCompare Finance Tools Team
FD rates updated monthly from official bank websites. TDS calculation based on Income Tax Act Section 194A. About us →
Cumulative vs Non-Cumulative FD
Cumulative FD: Interest compounds and is paid along with principal at maturity. Best for wealth building. Higher effective returns due to compounding.
Non-Cumulative FD: Interest paid periodically — monthly, quarterly, or annually. Best for regular income needs like retirees and senior citizens.
Feature
Cumulative
Non-Cumulative
Interest Payment
At Maturity
Periodic
Compounding
Yes
No
Returns
Higher
Lower
Best For
Wealth Building
Regular Income
FD Tax & TDS Rules 2026
FD interest is taxed under “Income from Other Sources” at your income tax slab rate.
TDS Rule: Bank deducts TDS @10% if annual interest from all FDs in one bank exceeds ₹40,000 (₹50,000 for senior citizens).
No TDS? Submit Form 15G (if income below taxable limit) or Form 15H (for senior citizens) at the start of every financial year.
ELSS vs FD: ELSS gives ₹1.5L deduction under 80C. FD gives 80C benefit only for 5-year tax-saver FDs.
FD Ladder Strategy — Explained
Instead of putting ₹5 lakh in one 5-year FD, split into 5 × ₹1 lakh FDs maturing in 1, 2, 3, 4, 5 years:
When 1-year FD matures → reinvest in a new 5-year FD
Every year, one FD matures for liquidity
You always have money maturing soon if needed
You benefit from higher long-term rates
Protection against interest rate fluctuations
Which Bank FD is Best in 2026?
Among PSU Banks: SBI, Bank of Baroda, and Union Bank offer 6.5–7.25% for 1-3 years.
Among Private Banks: HDFC, ICICI, and Axis offer 7.0–7.40% for 1-3 years.
Among Small Finance Banks: Unity SFB, Suryoday SFB, and Jana SFB offer highest rates at 8.5–9.5% — but come with slightly higher risk (covered by DICGC up to ₹5 lakh).
Post Office FDs offer 6.9–7.5% with sovereign guarantee — safest option.
Frequently Asked Questions
What is the best FD rate in India in 2026? ▼
Unity SFB offers up to 9.5% p.a. Among major banks, HDFC and ICICI offer 7.40%, SBI 7.10%. Senior citizens get 0.25–0.75% extra. Check our Bank Rates tab for current rates.
Is FD interest taxable? ▼
Yes. FD interest is fully taxable at your income tax slab rate. Banks deduct TDS @10% if annual interest from one bank exceeds ₹40,000. Submit Form 15G/15H if income is below taxable limit.
What is cumulative vs non-cumulative FD? ▼
Cumulative: Interest compounds until maturity — higher returns, good for wealth building. Non-cumulative: Interest paid monthly/quarterly/annually — good for regular income (retirees, senior citizens).
What is FD Ladder strategy? ▼
Split one large FD into multiple smaller FDs with different tenures (1-5 years). Every year one matures, providing liquidity. Remaining FDs continue earning higher long-term rates. Best of both worlds: liquidity + higher returns.
FD vs SIP — which is better? ▼
FD is better for capital safety, guaranteed returns, short-term goals (1-3 years). SIP/Mutual Funds give higher returns (12-15%) over 5+ years but with market risk. For retirement corpus, SIP wins. For emergency fund or short goals, FD wins.