Calculate Fixed Deposit Maturity, Interest & Tax for 2026
Maturity Amount
₹0
Principal
₹0
Interest Earned
₹0
TDS (10%)
₹0
Take-Home After Tax
₹0
🏦 FD Interest Rates — Major Banks 2026
Bank
General Rate (2yr)
Senior Citizen Rate
SBI
7.00%
7.50%
HDFC Bank
7.25%
7.75%
ICICI Bank
7.25%
7.75%
Axis Bank
7.20%
7.70%
Kotak Mahindra
7.25%
7.75%
Bank of Baroda
7.15%
7.65%
💡 FD Tax Rules — What You Must Know
Interest is taxable as "Income from Other Sources" at your slab rate
TDS deducted at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens)
Submit Form 15G (non-senior) or 15H (senior) to avoid TDS if income is below taxable limit
5-year Tax Saver FD: Principal up to ₹1.5L qualifies under Section 80C
Premature withdrawal usually attracts 0.5–1% penalty on interest rate
FAQs
Is FD safe if the bank fails?
DICGC (Deposit Insurance and Credit Guarantee Corporation) insures bank deposits up to ₹5 lakh per depositor per bank. This covers principal + interest combined. For amounts above ₹5 lakh, spread across multiple banks. Post office FDs are 100% government-backed with no insurance limit.
Which is better — FD or debt mutual fund?
For 3+ year horizon: Debt mutual funds offer similar returns (7–8%) with better post-tax efficiency after indexation benefits. For less than 3 years or for guaranteed returns: FD wins for simplicity and certainty. Senior citizens and risk-averse investors generally prefer FD.