Fixed Deposit (FD) Calculator
Quarterly compounding calculator with Cumulative, Monthly, and Quarterly payouts & Sec 194A TDS warnings.
Fixed Deposit (FD) Calculator
Quarterly Compounding with Cumulative, Monthly, and Quarterly Payouts & Sec 194A TDS Rules
Standard general citizen rate
₹2,48,109
Total Interest Gained: ₹48,109 | Effective APY: 8.02%
₹2,00,000
₹48,109
Taxable under other sources
Taxed at slab ratesGet your Form 15G / 15H prepared or claim 100% TDS refund
Our tax specialists help senior citizens and individuals submit valid declarations and file returns to claim full refunds on interest deducted by banks under Section 194A.
Fixed Deposit & Section 194A TDS Auditor
Bank Deposit Taxation & Form 15G/H Specialist · Digital Bharat Law
Suggested Questions for this Tool:
Understanding Fixed Deposit (FD) Calculator
A Fixed Deposit (FD) is a secure investment offered by banks and NBFCs providing a fixed, guaranteed rate of interest over a pre-determined tenure ranging from 7 days to 10 years.
Per Reserve Bank of India (RBI) master directives, bank fixed deposits compound interest on a quarterly basis. Bank FDs are insured up to ₹5,00,000 per depositor per bank by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
* Senior citizens (age 60+) receive an additional interest rate of 0.50% p.a.
Key Regulatory Rules & Thresholds (FY 2025–27)
Essential departmental provisions, tax brackets, and statutory compliance mandates.
Section 194A TDS Threshold
Sec 194A TDSBanks deduct 10% TDS if aggregate annual interest across all branches exceeds ₹40,000 (₹50,000 for Senior Citizens).
Section 80TTB Senior Citizen Exemption
₹50k ExemptionSenior citizens can claim a deduction of up to ₹50,000 on bank interest under Section 80TTB (Old Regime).
DICGC ₹5 Lakh Insurance
DICGC CoverDeposits (principal + interest) are insured up to ₹5,00,000 across all branches of each scheduled commercial bank.
Form 15G / 15H for Nil TDS
Form 15G/HSubmit Form 15G (below age 60) or Form 15H (senior citizens) to prevent TDS deduction if total taxable income is nil.
Frequently Asked Questions
Authoritative answers to common questions verified by our accredited legal & compliance panel.
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