Fixed Deposit Calculator
Calculate your FD maturity amount and interest earnings
Why Fixed Deposits?
Fixed deposits are a popular investment choice because:
- Guaranteed returns with minimal risk
- Higher interest rates than regular savings accounts
- Flexible tenure options from 7 days to 10 years
- Interest payout options (monthly, quarterly, or at maturity)
Note: This calculator provides estimates only. Actual FD returns may vary based on bank policies and market conditions. Interest rates are subject to change. Please consult with your bank for exact rates and terms.
For cumulative FDs (interest paid at maturity), the formula used is: A = P × (1 + r/n)nt where P=principal, r=annual interest rate, n=compounding frequency, t=time in years.
Fixed Deposits (FDs) remain one of the most secure and predictable investment options in India. With Axis Bank FD Calculator, you can accurately project your maturity amount, compare interest rates, and optimize your investment strategy.
Why Choose AxisBank Fixed Deposits?
✅ Competitive Interest Rates – Up to 7.75% p.a. for general customers & 8.25% p.a. for senior citizens
✅ Flexible Tenures – 7 days to 10 years
✅ Loan & Overdraft Facility – Borrow up to 90% of your FD amount
✅ Tax-Saving FDs – 5-year FDs under Section 80C (₹1.5 lakh deduction)
✅ Auto-Renewal Option – Seamless reinvestment upon maturity
Current Axis Bank FD Rates (2024)
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 7-14 days | 3.50% | 3.50% |
| 15-29 days | 3.50% | 3.50% |
| 30-45 days | 4.25% | 4.25% |
| 46-90 days | 5.00% | 5.00% |
| 91-180 days | 5.75% | 6.25% |
| 181-364 days | 6.50% | 7.00% |
| 1-2 years | 7.00% | 7.50% |
| 2-3 years | 7.10% | 7.60% |
| 3-5 years | 7.25% | 7.75% |
| 5-10 years | 7.00% | 7.50% |
How to Use AxisBank FD Calculator
Step-by-Step Calculation
- Enter Deposit Amount – Minimum ₹5,000 (no maximum limit)
- Select Tenure – From 7 days to 10 years
- Choose Interest Payout – Monthly, Quarterly, or At Maturity
- Check Senior Citizen Status (if applicable)
- View Maturity Amount & Interest Earned
Example FD Calculation
| Investment | Tenure | Interest Rate | Maturity Amount |
|---|---|---|---|
| ₹5 lakh | 3 years | 7.25% p.a. | ₹6,21,344 (Cumulative) |
| ₹10 lakh | 5 years | 7.75% (Senior) | ₹14,89,370 (Quarterly Payout) |
Types of Axis Bank FDs
1. Regular Fixed Deposit
- Minimum deposit: ₹5,000
- Flexible tenures (7 days to 10 years)
- Interest payout options:
- Monthly (for regular income)
- Quarterly (better compounding)
- Cumulative (highest returns)
2. Tax-Saving FD (5 Years Lock-in)
- Tax deduction under Section 80C (up to ₹1.5 lakh/year)
- No premature withdrawal allowed
- Interest taxable as per slab
3. Senior Citizen FD
- Extra 0.50% interest
- Higher monthly payouts for retirees
- Flexible tenure options
FD Interest Calculation Methods
1. Simple Interest (for short-term FDs)
Interest = (P × R × T) / 100
- P = Principal
- R = Rate of interest
- T = Time in years
2. Compound Interest (for long-term FDs)
A = P (1 + r/n)^(n×t)
- A = Maturity amount
- P = Principal
- r = Annual interest rate
- n = Compounding frequency (quarterly/monthly)
- t = Time in years
Axis Bank FD vs Other Investment Options
| Investment | Returns | Lock-in | Risk | Taxation |
|---|---|---|---|---|
| Axis Bank FD | 6-7.75% p.a. | 7D-10Y | Low | Taxable |
| Savings Account | 3-4% p.a. | None | Low | Taxable |
| PPF | 7.1% p.a. | 15Y | Low | Tax-Free |
| Mutual Funds | 10-15% p.a. | None | High | Taxable |
Best For: Risk-averse investors looking for stable returns with flexible tenures.
FD Laddering Strategy for Better Returns
- Split ₹10 lakh into multiple FDs:
- ₹2 lakh @1 year (7.00%)
- ₹3 lakh @2 years (7.10%)
- ₹5 lakh @5 years (7.25%)
- Reinvest matured FDs at higher rates
- Maintain liquidity while maximizing returns
Common FD Mistakes to Avoid
❌ Ignoring TDS – Banks deduct 10% TDS if interest exceeds ₹40,000/year (₹50,000 for seniors)
❌ Premature Withdrawal Penalty – 0.5-1% lower interest if broken early
❌ Not Comparing Rates – Small differences (0.25-0.5%) can cost lakhs over time
Try Axis Bank FD Calculator Now!
- Calculate maturity amount in seconds
- Compare different tenures & interest options
- Plan tax-efficient FD investments
Example:
- Principal: ₹10 lakh
- Tenure: 5 years
- Interest Rate: 7.25%
- Maturity Value: ₹14.23 lakh
Have Questions About Axis Bank FDs?
Ask in the comments! For large investments, consult a financial advisor for tax planning.
Disclaimer: Interest rates are subject to change. Check Axis Bank’s official website for latest rates.
This guide helps you make informed FD decisions using the Axis Bank FD Calculator, covering interest calculations, tax implications, and smart investment strategies.
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