Fixed Deposit Calculator Philippines — Tax Year 2025
Calculate the maturity amount and interest earned on your fixed deposit. For Philippines. Uses current Tax Year 2025 data.
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Amount you wish to deposit in the FD
Common questions — Philippines
What is the difference between cumulative and non-cumulative FD?
Cumulative FD reinvests the interest back into the deposit, giving you a lump sum at maturity (compounding effect). Non-cumulative FD pays out interest periodically (monthly, quarterly, half-yearly) — good for retirees who need regular income. Cumulative FDs always yield more total interest if the money isn't needed.
How is FD interest taxed in India?
FD interest is added to your income and taxed at your slab rate. TDS of 10% is deducted at source if interest exceeds ₹40,000/year in a bank (₹50,000 for senior citizens). You must report FD interest in your tax return even if TDS was deducted, and pay additional tax if your slab rate exceeds 10%.
Is my FD money safe?
In India, deposits up to ₹5 lakh per depositor per bank are insured by DICGC (Deposit Insurance and Credit Guarantee Corporation). This includes principal + interest. Distribute large amounts across banks to maximize coverage. NBFCs and corporate deposits are not DICGC-covered.
What is the penalty for premature FD withdrawal?
Most banks charge 0.5–1% below the applicable rate for the period held. Some banks offer no-penalty FDs at slightly lower rates. Tax-saving FDs (Section 80C, 5-year lock-in) cannot be withdrawn prematurely.
How do FD returns compare to inflation?
India's CPI inflation averages 5–6%. After tax in the 30% bracket, a 7% FD returns about 4.9% post-tax — below inflation. This is why FDs are appropriate for short-term goals and capital preservation, not long-term wealth creation.