💰 Fixed Deposit Calculator
💡 Key Information About Fixed Deposits
Safety & Security
FDs are one of the safest investment options with guaranteed returns. Bank deposits up to ₹5 lakhs are insured by DICGC.
Tax Implications
Interest earned on FDs is taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 per year.
Liquidity Options
Most banks offer premature withdrawal with penalty. Some offer sweep-in facilities for better liquidity management.
Interest Rates
Rates vary by bank, tenure, and amount. Senior citizens typically get 0.25% to 0.75% higher rates than regular customers.
🎯 Smart FD Investment Tips
1
Compare rates across different banks and NBFCs before investing
2
Consider laddering - split investments across different maturity periods
3
Check if cumulative or non-cumulative option suits your needs better
4
Keep track of maturity dates to avoid auto-renewal at lower rates
5
Consider inflation impact - ensure real returns are positive
6
Diversify between short-term and long-term FDs for flexibility