SBI FD Calculator - Calculate Your Returns

FD interest uses compound interest: A = P × (1 + r/n)^(n×t), where P = principal, r = annual rate, n = compounding frequency (4 for quarterly), t = tenure in years. A ₹1 lakh FD at 7.5% for 3 years with quarterly compounding gives a maturity amount of approximately ₹1,25,023 — interest earned is ₹25,023. Use the free FD Calculator on AbacusHand to calculate your exact result instantly.

In a simple interest FD, interest is calculated only on the principal. A ₹1 lakh FD at 7% for 3 years = ₹21,000 interest. In compound interest FD, interest is added to the principal each period and earns further interest. The same ₹1 lakh at 7% compounded quarterly for 3 years earns ₹23,144 in interest. Most Indian bank FDs compound quarterly, making them more beneficial for longer tenures. Use the free FD Calculator on AbacusHand to calculate your exact result instantly.

As of 2025, small finance banks offer the highest FD rates at 8.5–9.5% p.a. Among major banks: SBI offers up to 7.25%, HDFC Bank up to 7.40%, ICICI Bank up to 7.35%, and Axis Bank up to 7.75% for 1–3 year tenures. Senior citizens get an additional 0.25–0.50% over the regular rate. A ₹5 lakh FD at 9% for 2 years matures to approximately ₹5,93,806. Use the free FD Calculator on AbacusHand to calculate your exact result instantly.

FD (Fixed Deposit) involves depositing a lump sum once and earning interest over the tenure. RD (Recurring Deposit) involves depositing a fixed amount every month. A ₹1 lakh FD at 7.5% for 1 year earns ₹7,763. An RD of ₹10,000/month for 12 months at the same rate earns approximately ₹4,016 — since contributions are spread over time. FD suits those with a lump sum; RD suits regular savers. Use the free FD Calculator on AbacusHand to calculate your exact result instantly.

Senior citizens (age 60+) receive a preferential FD rate, typically 0.25–0.75% higher than the regular rate. As of 2025, SBI offers 7.75% for senior citizens vs. 7.25% for general depositors on select tenures. On a ₹5 lakh FD at 7.75% for 3 years (quarterly compounding), senior citizens earn approximately ₹1,28,000 in interest vs. ₹1,16,000 at the regular rate — a ₹12,000 benefit. Use the free FD Calculator on AbacusHand to calculate your exact result instantly.