Fixed Deposit Monthly Return Calculator 2026
Work out exactly how much interest your Fixed Deposit will pay you every month, or what it will grow to at maturity if left to compound. Separate calculators for monthly-payout and cumulative FD schemes, with an optional TDS estimate.
Monthly Payout or Cumulative?
A monthly-payout (non-cumulative) FD pays simple interest into your account every month. A cumulative FD compounds the interest and pays out one lump sum at maturity. Pick your type below to get a tailored breakdown.
Monthly Payout FD Calculator
Enter your deposit details to see your exact monthly interest income
The lump sum you are depositing with the bank or NBFC.
Use the exact rate and tenure quoted on your FD receipt or bank offer.
Banks deduct 10% TDS if annual FD interest crosses the exemption threshold. Shown for reference only — actual deduction depends on your PAN status and total interest across the bank.
Monthly Payout Result
Monthly interest income, total interest, and maturity value
Fill in your deposit amount, rate and tenure, then click Calculate My Monthly Return to see your monthly interest income.
Cumulative FD Calculator
Enter your deposit details to see your compounded maturity value
The lump sum you are depositing with the bank or NBFC.
Most Indian banks compound FD interest quarterly by default — check your FD receipt to confirm.
Banks deduct 10% TDS if annual FD interest crosses the exemption threshold. Shown for reference only — actual deduction depends on your PAN status and total interest across the bank.
Cumulative FD Result
Compounded interest, effective monthly return, and maturity value
Fill in your deposit amount, rate and tenure, then click Calculate My Maturity Value to see your compounded returns.
Indicative FD Interest Rates
Illustrative fixed deposit rate ranges offered by major Indian banks for regular and senior citizen depositors (2025–26). Actual rates vary by bank, tenure and deposit amount — always confirm the exact rate on your FD receipt before relying on it.
| Tenure | Regular Rate | Senior Citizen Rate |
|---|---|---|
| 7 days – 45 days | 3.0% – 3.5% | 3.5% – 4.0% |
| 46 days – 6 months | 4.5% – 5.5% | 5.0% – 6.0% |
| 6 months – 1 year | 5.5% – 6.5% | 6.0% – 7.0% |
| 1 year – 3 years | 6.5% – 7.5% | 7.0% – 8.0% |
| 3 years – 5 years | 6.5% – 7.25% | 7.0% – 7.75% |
| 5 years and above | 6.25% – 7.0% | 6.75% – 7.5% |
Fixed Deposit Calculator FAQ
Everything Indian FD investors ask before choosing between monthly payout and cumulative deposits in 2026.
For a monthly payout (non-cumulative) fixed deposit, the bank pays simple interest every month instead of compounding it. Monthly interest is calculated as principal multiplied by the annual interest rate, divided by 12. Your principal stays untouched and is returned in full at maturity.
In a non-cumulative (monthly payout) FD, interest is paid out to you at regular intervals and does not earn further interest. In a cumulative FD, interest is compounded, usually quarterly, and reinvested into the deposit, so you receive a single lump sum, principal plus compounded interest, at maturity. Cumulative FDs generally yield a slightly higher effective return because of compounding.
Yes. Banks in India deduct TDS at 10% if your total interest income from fixed deposits with that bank exceeds the exemption threshold in a financial year, with a higher threshold for senior citizens. If your PAN is not linked, TDS may be deducted at a higher rate. You can claim a refund at the time of filing your income tax return if your total taxable income is below the applicable slab.
If you need a regular income stream, a monthly payout (non-cumulative) FD is usually the better fit, since interest is credited to your savings account every month. If you don’t need the income immediately and want to maximise your final corpus, a cumulative FD, where interest compounds and is paid at maturity, typically produces a higher total return over the same tenure.
Yes. For cumulative FDs, more frequent compounding (monthly or quarterly) produces a slightly higher maturity value than less frequent compounding (half-yearly or annually) at the same nominal interest rate, because interest itself starts earning interest sooner. Most Indian banks compound FD interest quarterly by default.
Most Indian banks and NBFCs offer senior citizens an additional 0.25% to 0.75% per annum over the regular FD rate, depending on the bank and tenure. This calculator lets you enter your own bank’s quoted rate directly, so you can plug in the senior citizen rate if it applies to you.