Fixed Deposit Calculators

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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 

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About the Author M Pattabiraman author of freefincal.comM. Pattabiraman(PhD) is the author and owner of  He is an associate professor at the Indian Institute of Technology, Madras since Aug 2006. Pattu” as he is popularly known, has co-authored two print-books, You can be rich too with goal based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management.  He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice. Pattu publishes unbiased, promotion-free research, analysis and holistic money management advice. Freefincal serves more than one million readers a year (2.5 million page views) with numbers based analysis on topical issues and has more than a 100 free calculators on different aspects of insurance and investment analysis. He conducts free money management sessions for corporates  and associations(see details below). Previous engagements include World Bank, RBI, BHEL, Asian Paints, TamilNadu Investors Association etc. Contact information: freefincal {at} Gmail {dot} com (sponsored posts or paid collaborations will not be entertained)
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    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 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. 🙂

    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

    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.

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