Fixed Deposit Calculators

These are the latest FD calculators:

Refer to these articles for more details regarding the calculators (the download links in these articles point to the old calculators)

Comprehensive Fixed Deposit Calculator – I: Total and Advance Tax Liability

Comprehensive Fixed Deposit Calculator – II: The Income Clubbing Headache 

Want to conduct a sales-free "basics of money management" session in your office?
I conduct free seminars to employees or societies. Only the very basics and getting-started steps are discussed (no scary math):For example: How to define financial goals, how to save tax with a clear goal in mind; How to use a credit card for maximum benefit; When to buy a house; How to start investing; how to invest for and after retirement etc. depending on the audience. If you are interested, you can contact me: freefincal [at] Gmail [dot] com. You need to only cover my travel fare for the session.

Connect with us on social media


Do check out my books


You Can Be Rich Too with Goal-Based InvestingYou can be rich 243x300 - Fixed Deposit Calculators

My first book is now available at a 35% discount for Rs. 258. It comes with nine online calculators. Get it now.  The Kindle edition is only Rs. 199.

Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want

Cover pink - Fixed Deposit Calculators My second book is now only Rs 199 (Kindle Rs. 99) Get it or gift it to a young earner

The ultimate guide to travel by Pranav Surya

Travel-Training-Kit-Cover This is a deep dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step.  Get the pdf for ₹199 (instant download)

Create a "from start to finish" financial plan with this free robo advisory software template


Free Apps for your Android Phone

All calculators from our book, “You can be Rich Too” are now available on Google Play!
Install Financial Freedom App! (Google Play Store)
Install Freefincal Retirement Planner App! (Google Play Store)
Find out if you have enough to say "FU" to your employer (Google Play Store)

About Freefincal

Freefincal has open-source, comprehensive Excel spreadsheets, tools, analysis and unbiased, conflict of interest-free commentary on different aspects of personal finance and investing. If you find the content useful, please consider supporting us by (1) sharing our articles and (2) disabling ad-blockers for our site if you are using one. We do not accept sponsored posts, links or guest posts request from content writers and agencies.

Blog Comment Policy

Your thoughts are vital to the health of this blog and are the driving force behind the analysis and calculators that you see here. We welcome criticism and differing opinions. I will do my very best to respond to all comments asap. Please do not include hyperlinks or email ids in the comment body. Such comments will be moderated and I reserve the right to delete the entire comment or remove the links before approving them.

19 thoughts on “Fixed Deposit Calculators

    1. Thank you. Let me know if you can think of additional features on these or other calculators. I will be happy to incorporate them. Keep visiting.

  1. No comments to add except “this is so freaking awesome!”. Will definitely give comments/features once I get around to using this. But too good sir!

    1. Hi Navin, Many thanks. Some sheets will not work properly in Google doc. You are free to upload the file in your google docs account and have a look. If it works, you can use it as you will.

  2. Thanks for creating this calculator.it is very helpful for me.Fixed Deposit is an investment where the interest rate is guaranteed not to change for the nominated term.

  3. This calculator is the best one. Thanks a lot for creating one for people like me who are investing in FDs, but not sure how to calculate the tax amount to be paid on them. Really appreciate your help with this FD calculator.

    1. Thank you very much. May I request you to please tally the numbers from the calculator with bank statements and let me know if there are any issues. I would also appreciate if you could share the links to the calculators with your friends.

  4. Hello Sir,

    Great Calculator and great article. I wish I read this before. đŸ™‚

    My FD was invested during March 2009 and matured on March 2014. The total interest amount was 7,845.

    Now, I am confused in two things.

    1. Based on my wrong understanding that I have the OPTION to pay the tax AFTER maturity, I did not pay the tax for this FD interest so far. When I realize that I was wrong, it is too late.

    Now, Can I pay the tax for the entire FD Interest while filing tax returns for FY 2013-14?

    2. Though the FD was matured on March 2014, I got it redeemed only on April 2014 (Money credited in my SB Account only by 15-Apr-2014). Does this mean I can include this in FY 2014-15?

    Thank you !!!

  5. Terribly sorry. I saw this only now. If you have never paid each FY for an FD, you can choose to pay the full tax (remaining after TDS) upon maturity. If you have already reported income for one FY and paid the corresponding tax, best to continue that way.

  6. Hello Paddu,

    I am a retired Central Government Employee and bought a computer recently. This is useful. However, Is there a calculator where in i can enter all my FD’s Information of different banks.
    Like a Consolidated Calculator which contains all my fixed deposit details

    Like:
    SBI: FD1, FD2, FD3
    CSB: FD1, FD2, FD3, FD4
    Indian Bank:
    South Indian Bank

    and so on. I feel for people like me – this calculator is difficult to use as i need to enter each FD and note it down in my dairy…

  7. Awesome work really!
    One query though. I have a FD Rs. 75967 invested on 26.06.2015 for 39 months @ 9.5%.
    Tax slab being 10%, as per the calculator the total interest earned (PRE-TAX) for 2015-16, 2016-17, 2017-18 and 2018-19 is Rs. 6183, Rs. 8087, Rs. 8883 and Rs. 3954. Yet the interest statement I recieved for 15-16 and 16-17 is Rs. 5542 and Rs. 8023 respectively.
    I figure the discrepency crops up due to interest paid being calculated for entire month of June 2015 and not just 5 days.
    Can your calculator be adjusted to take into account the actual number of days in ‘the month when fd started’?
    And more importantly, can these figures be relied upon for filing income tax returns or interest statements would still be neccessary?
    Once again, thanks for the effort taken and shared here. Awaiting your reply.

Leave a Reply

Your email address will not be published. Required fields are marked *