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Online FD Calculator

The online FD calculator is a convenient solution that allows you to get the maturity amount of an FD accurately. It is simple, fast, and transparent. You just need to enter the details of the fixed deposit and the calculator will let you know how much interest income it will generate. You can also get the final maturity amount of a fixed deposit accurately. 

The calculator helps you make better decisions and compare the FDs of different banks. It also ensures that you choose the perfect tenure according to your principal amount, interest rate, and financial objectives. Additionally, the Online FD calculator also makes the tax calculations on your FD very easy by allowing you to calculate your interest income accurately.

How to use an Online FD Calculator?

The online FD calculator is a simple and easy-to-use solution that can be used to carry out accurate and quick calculations of FD interest rates. You just need to enter the details of the FD and it will show you everything from the interest you’ll earn to the final maturity amount. Here are the details that you need to enter:

  • Deposit amount
  • Deposit interest rate
  • Deposit tenure


Fixed Deposit Interest Rates for 2021

Here is are the FD rates provided by the top banks for regular individuals as well as senior citizens:

Name of Bank

For General Citizens (p.a.)

For Senior Citizens (p.a)

State Bank of India FD

2.90% to 5.40%

3.40% to 6.20%


2.50% to 4.40% 2.50% to 4.40%
HDFC Bank FD 2.50% to 5.50%

3.00% to 6.25%

Punjab National Bank FD

2.90% to 5.25% 3.50% to 5.75%
Canara Bank FD 2.90% to 5.25%

2.90% to 5.75%

Axis Bank FD

2.50% to 5.75% 2.50% to 6.50%
Bank of Baroda FD 2.80% to 5.25%

3.30% to 5.75%


2.75% to 5.75% 3.25% to 6.25%
Bank of India FD 2.85% to 5.05%

3.35% to 5.55%

You can use the interest rates given in the table to calculate the interest you’ll earn by investing in a particular fixed deposit for a specific tenure. You’ll also realize how tedious these calculations can get. This is why an online FD calculator is convenient for calculating the maturity value of your fixed deposits.

Advantages of Using Online FD Calculator

There are several advantages that the Online FD calculator provides to its users:

  • Before anything, the online FD calculator saves you from tedious and difficult calculations and allows you to calculate the interest on your FD in a simple and convenient process.
  • The calculations of maturity amounts are also accurate which helps you decide the best tenure to choose for your deposit
  • The online FD calculator also allows you to input interest rates from different banks and compare them to choose the best bank for your deposit. It ensures accurate calculations every time and avoids mistakes that might happen when you’re calculating on your own.
  • It allows you to calculate maturity amounts much faster even if you’re using a digital calculator or spreadsheet.
  • By ensuring accurate and simple calculations, the online FD calculator aids your decision-making and allows you to make better choices regarding renewals of fixed deposits by comparing the maturity amounts.



What are the different factors that affect FD interest rates?

FD interest rates are dependent on several factors such as the tenure of the deposit, the age of the applicant, current economic conditions.

When is simple interest used for FD interest?

For the tenures of less than 6 months, interest rates are calculated using the simple interest method. They are also calculated using the simple interest method if the applicant chooses the interest payout option.

What is the minimum tenure for FDs ?

The minimum tenure for fixed deposits is 7 days.

Is it necessary to submit any documents for using the online FD calculator?

The online FD calculator doesn’t require any documents to calculate the interest and maturity amount of an FD.

Are there separate Online FD calculators for different banks?

Yes, almost every bank offers online FD calculators to their customers so that they can choose the interest rates and tenure and calculate the interest using these calculators.

Are there any charges to use the online FD calculator?

No, the online calculator is absolutely free and doesn’t charge any money for carrying out interest calculations for FDs. You can calculate the interest on your FDs using this simple and convenient solution for free.

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