FD & RD Calculator
Fixed and recurring deposit maturity value and interest, with the TDS check on interest under Section 194A / Section 393.
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The FD and RD Calculator works out the maturity value and interest on a fixed deposit (with quarterly, monthly, half-yearly or yearly compounding, or interest paid out) or a recurring deposit (monthly instalments, compounded quarterly). It also checks whether the bank will deduct TDS on the interest: under Section 194A of the 1961 Act and Section 393(1) of the 2025 Act, TDS of 10% applies once interest from one bank or post office in a financial year crosses Rs 50,000, or Rs 1,00,000 for senior citizens.
Use the FD & RD Calculator
TDS check for the financial year
Deposit Maturity
Find what a fixed deposit or recurring deposit will pay at maturity, using the rate your bank or post office quotes. Most banks compound FD interest every quarter; a recurring deposit is compounded quarterly on each monthly instalment. Interest is taxable at your slab rate every year as it accrues, even on a cumulative deposit that pays out only at the end.
TDS on deposit interest
| Interest paid by | TDS if interest in the year exceeds | Rate |
|---|---|---|
| Bank, co-operative bank, post office: senior citizen | ₹1,00,000 | 10% (20% if PAN is not given) |
| Bank, co-operative bank, post office: others | ₹50,000 | |
| Any other payer (company deposits, NBFCs) | ₹10,000 |
- Which section: Section 194A of the Income-tax Act, 1961 for FY 2025-26; Section 393(1) (Table, Sl. 5) of the Income-tax Act, 2025 from Tax Year 2026-27. The thresholds have applied since 1 April 2025.
- The threshold is checked on the total interest from all your deposits with the same bank (across branches on a core banking system) in the financial year, including interest accrued on cumulative FDs and RDs.
- If your total income is below the taxable limit, you can give the bank Form 15G (or Form 15H if you are 60 or above) so that no TDS is deducted; from Tax Year 2026-27 both are replaced by Form 121. Check eligibility with the Form 15G/15H checker.
- Interest on deposits is taxed under “Income from other sources”. In the old regime, senior citizens can deduct up to ₹50,000 of deposit interest under Section 80TTB; others can deduct savings account interest up to ₹10,000 under Section 80TTA. A 5-year tax-saving bank FD qualifies for Section 80C in the old regime.
Official sources: TDS rates and thresholds on incometax.gov.in and the Income-tax Act, 2025 on incometaxindia.gov.in; post office deposit rates on the India Post savings schemes page. Checked on 30 October 2026.
Frequently Asked Questions
How is FD maturity calculated?
How is recurring deposit interest calculated?
When does the bank deduct TDS on FD interest?
Is TDS deducted on recurring deposit interest?
How can I avoid TDS on FD interest?
Due in the next 30 days
Income tax- TDS / TCS deposit (e-Pay Tax, Challan ITNS 281) for October
- ITR Filing (taxpayers under audit, companies)
- ITR Filing (international / specified domestic TP)
Full compliance calendar → Statutory dates, which can be extended by notification. General information only.