Fixed Deposit (FD) Calculator
Institutional quarterly compounding engine to calculate fixed deposit maturity values, interest payouts, and DICGC insurance coverage.
Deposit Amount & Tenure
Maturity Amount (Quarterly Compounding)
₹₹6,20,273.50
Total Interest Earned: ₹₹1,20,273.50
Annualized Yield (APY)
7.45%
Post-Tax Maturity (30% Slab)
₹₹5,84,191.45
RBI / DICGC Insurance Coverage:
✓ Your deposit is 100% insured under RBI's Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5,00,000.
Quarterly Compounding FD Formula (RBI Standard)
All calculations on InvestResearch India execute with 28-digit precision arithmetic via decimal.js, eliminating floating-point drift and adhering to statutory regulatory conventions.
Example: ₹10,00,000 Bank Fixed Deposit for 5 Years @ 7.25% p.a. (Quarterly Compounding)
Deposit Amount: ₹10,00,000 | Interest Rate: 7.25% | Duration: 5 Years | Frequency: Quarterly
1. Quarterly rate = 7.25% / 4 = 1.8125% = 0.018125 2. Total compounding periods = 5 × 4 = 20 quarters 3. Multiplier = (1 + 0.018125)^20 = 1.43196 4. Maturity Amount = ₹10,00,000 × 1.43196 = ₹14,31,960 5. Total Interest Earned = ₹4,31,960 (Effective annual yield: 7.45%)
Statutory Tax Framework (Union Budget FY 2026–27)
FD interest is fully taxable at your applicable personal income slab rate under 'Income from Other Sources'. Banks deduct 10% TDS under Section 194A if interest exceeds ₹40,000 (₹50,000 for senior citizens) per financial year.
Frequently Asked Questions
What is the DICGC deposit insurance protection limit for bank FDs?
Under the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, deposits (principal + interest) across all branches of a single scheduled commercial or cooperative bank are insured up to ₹5,00,000 per depositor in the event of bank liquidation or distress.
Do senior citizens get preferential interest rates on bank fixed deposits?
Yes. Most Indian commercial banks offer an additional 0.50% p.a. interest rate for senior citizens (aged 60 and above), and up to 0.75% to 0.80% for super senior citizens on special tenure buckets.