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Tax-Saving FD Calculator
5-year Tax-Saving FD maturity + 80C benefit.
Enter values to see your result
Frequently asked questions
How is Tax-Saving FD different from a regular FD?
Two key differences: (1) 5-year lock-in — no premature withdrawal, (2) 80C deduction up to ₹1.5L. Interest rates are typically the same as 5-year regular FDs.
Is Tax-Saving FD interest tax-free?
No — interest is fully taxable at your slab. Unlike PPF (tax-free) or ELSS (LTCG 10% above ₹1L), Tax-Saving FD has no tax break on returns.
Can I break a Tax-Saving FD?
Generally no — the 5-year lock-in is rigid. In exceptional cases (death of account holder), the amount can be released to legal heirs.
Is it better than PPF?
PPF usually wins: tax-free interest (EEE), higher rate (7.1% vs ~7% FD), longer tenure (15 yrs with liquidity options). Pick FD only if you need smaller tenure or have already maxed PPF.