Question 1

What is the current FD interest rate in India (2025)?

Accepted Answer

Top bank FD rates for FY 2025-26: SBI 6.5–7.1%, HDFC 7.0–7.4%, ICICI 6.7–7.2%, Kotak 7.0–7.4%. Small finance banks like AU, Ujjivan, Jana Bank offer 8–9% but carry higher risk. Senior citizens typically get 0.25–0.5% extra.

Question 2

Is FD interest taxable in India?

Accepted Answer

Yes. FD interest is fully taxable as 'Income from Other Sources' at your marginal slab rate. Banks deduct TDS at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). If you're in the 30% slab, your effective FD yield can be as low as 4.5% on a 7% FD. Consider debt mutual funds or arbitrage funds for tax efficiency.

Question 3

Is FD safe? What is DICGC insurance?

Accepted Answer

Yes. FDs are one of the safest investments in India. DICGC (RBI subsidiary) insures bank deposits up to ₹5 lakh per bank per depositor. Diversify across banks if you have over ₹5 lakh in FDs. Prefer scheduled commercial banks over cooperative banks for safety.

Question 4

How do I use this calculator?

Accepted Answer

Enter your values in the yellow input fields (or drag the sliders). All results update instantly — no submit button needed. Every field has a tooltip explaining what to enter. For the best experience, use realistic numbers from your actual financial situation.

Question 5

Are these calculations updated for FY 2025-26?

Accepted Answer

Yes. All tax-related calculators (Income Tax, HRA, NPS) are updated with FY 2025-26 slab rates including the new regime with ₹75,000 standard deduction and ₹7 lakh rebate. Investment return assumptions reflect current market conditions.

Question 6

Can I save or download my calculator results?

Accepted Answer

You can screenshot your results directly from the browser. For a fully editable, downloadable version with formulas, year-wise projections, and detailed breakdowns, purchase our Excel model packs starting at ₹499 — the same calculation in a professional spreadsheet format.

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