Bank FD Rate Comparison Calculator India — Best FD Rates 2026

Last updated: 29 April 2026 Reviewed by Deepa Krishnan, CFP

Different banks offer significantly different FD interest rates — the difference between SBI (6.5%) and a small finance bank (8.5%) for the same 3-year FD can translate into several thousand rupees on a ₹10 lakh deposit. This calculator computes the maturity value at multiple interest rates simultaneously so you can compare and choose the best option.

Deposit Amount (₹)

Interest Rate (% p.a.)

Tenure (Years)

Tenure (Months)

Compounding Frequency

Maturity Amount —

Interest Earned —

Effective Annual Yield —

View Year-by-Year Breakdown

Real-World Examples — 2026

₹1 lakh deposit at 7% for 3 years (quarterly compounding)

Investing ₹1 lakh at 7% p.a. with quarterly compounding for 3 years yields ₹1,23,144. Effective annual yield is 7.19% — slightly higher than the nominal rate due to quarterly compounding.

₹5 lakh deposit for 5 years — FD vs RD

A ₹5 lakh FD at 7.1% for 5 years grows to approximately ₹7,08,867 (quarterly). Contrast with an RD of ₹8,333/month for 5 years at 7.1% — total deposited ₹5 lakh, maturity ₹5,99,714.

Frequently Asked Questions

How accurate is the Bank FD Rate Comparison Calculator?

The Bank FD Rate Comparison Calculator uses standard financial formulas. Results are indicative; actual figures depend on your lender or financial institution's policies.

Is the Bank FD Rate Comparison Calculator free to use?

Yes, the Bank FD Rate Comparison Calculator on CalcPhi is completely free with no registration required.

Are my data inputs stored?

No. All calculations happen in your browser. We do not store any of your financial data.

How often are the Bank FD Rate Comparison Calculator rates updated?

Rates in examples are updated periodically to reflect current market conditions. Always verify with your bank or advisor.

Can I use the Bank FD Rate Comparison Calculator on mobile?

Yes. CalcPhi is fully mobile-optimised. The calculator works on all modern smartphones and tablets.

Who should use this calculator?

Anyone in India planning their finances can benefit from the Bank FD Rate Comparison Calculator. It's designed for both beginners and experienced investors.