Fixed Deposit (FD) & Recurring Deposit (RD) Calculator
RBI quarterly compounding standard, Section 194A TDS, and slab rate post-tax yield
Most citizens fail to realize that bank interest is fully taxable at ordinary income slabs, turning an attractive 7.5% nominal card rate into an effective ~5.1% post-tax return for taxpayers in the 30% slab. This calculator exposes the true in-hand yield after bank TDS, marginal slab liability, and inflation.
Total One-Time Deposit:₹5,00,000
Deposit Tenure:3 Years (36 Months)
Base Interest Rate:7.1% p.a.
Senior Citizen (Age 60+)Adds +0.50% interest premium & expands TDS threshold to ₹50,000/yr
Total Deposited
₹5.00 Lakh
₹5,00,000Total Interest Earned
+₹1.18 Lakh
APY: 7.29%Gross Maturity Value
₹6.18 Lakh
₹6,17,538 Post-Tax In-Hand MaturityTax: ₹36.7k
₹5.81 Lakh
Reflects interest taxed at your marginal slab (30% + 4% cess).
Purchasing Power in Today's ₹5.5% CPI
₹4.95 Lakh
What this maturity amount can actually buy in today's goods and services (Real return after inflation: -0.35638501241835874%).
Bank Rates Comparison (3 Years Tenure)
| Bank Rate | Total Interest | Gross Maturity | Post-Tax Value | In Today's ₹ |
|---|---|---|---|---|
| 6.5% p.a. | +₹1.07 Lakh | ₹6.07 Lakh | ₹5.73 Lakh | ₹4.88 Lakh |
| 7.1% p.a. | +₹1.18 Lakh | ₹6.18 Lakh | ₹5.81 Lakh | ₹4.95 Lakh |
| 7.75% p.a. | +₹1.29 Lakh | ₹6.29 Lakh | ₹5.89 Lakh | ₹5.02 Lakh |
| 8.5% p.a. | +₹1.44 Lakh | ₹6.44 Lakh | ₹5.99 Lakh | ₹5.10 Lakh |
Banking & Tax Disclosures
• Bank interest is fully taxable at your marginal tax slab (30% + 4% cess). Bank TDS of 10% u/s 194A is an interim advance credit, not your final tax liability.