FDR Calculator
এফডিআর ক্যালকুলেটর
Estimate the maturity and interest on a Fixed Deposit Receipt (FDR) — and, more importantly, the net amount and real return you actually keep after source tax and excise duty.
= ৳5,00,000 · 5 lakh
The yearly rate your bank quoted for this tenure.
How long the money stays locked in.
A regular FDR: interest stays in the deposit and compounds until maturity.
Most standard FDRs pay simple interest at maturity — keep Simple unless your bank confirms your scheme compounds (and how often).
Results update as you type — no button to press.
Compare FDR vs Sanchayapatra after taxTax & charges(estimate)
- Deposit amount
- ৳5,00,000
- Total interest
- + ৳1,35,000
- Source tax on interest (10%)
- − ৳13,500
- Excise duty (over full term)
- − ৳1,500
- Net interest you keep
- ৳1,20,000
- Final total you receive
- ৳6,20,000
Source tax is deducted on FDR interest (10% with TIN, 15% without). Excise duty uses FY2025-26 slabs, charged yearly on the highest balance. Confirm exact deductions with your bank.
Year-by-year growth
Balances are gross (before source tax). Excise duty is shown in the year it is charged.
Assumptions used
- In 'At maturity' mode the default is simple interest paid at maturity — the most common method for a standard BD FDR. Switch to a compounding frequency only if your bank confirms your scheme compounds.
- In 'Monthly/Quarterly income' mode (MBS/MIS), interest is simple on the deposit and paid out each period — the deposit itself doesn't grow, and source tax is deducted from each payout.
- The quoted rate stays fixed for the whole tenure and the deposit stays untouched — no premature encashment.
- Source tax on interest is 10% with a TIN / 15% without (toggle in the result).
- Excise duty uses FY2025-26 slabs and is charged once a year on the year's highest balance.
- Auto-renewal after maturity is not modelled — the result covers one tenure only.
Good to know
What actually reaches you
Your bank deducts source tax on the interest and a yearly excise duty based on your balance, so the net maturity is below the gross figure the bank advertises. This calculator shows the deductions line by line and leads with the net amount.
Breaking an FDR early costs you
Premature encashment usually drops you to a much lower rate — often the savings-account rate for the time the money actually stayed, and frequently zero interest if you break it within the first few months. If there's any chance you'll need the money, split it into a few smaller FDRs so an emergency breaks only one while the rest keep earning the full rate.
Need cash? Borrow against the FDR instead of breaking it
Almost every bank will give you a loan or overdraft against your own FDR — typically up to 80–90% of its value at around 1.5–2% above your FDR rate. For a short-term need this is usually far cheaper than premature encashment, because your deposit keeps earning the full contracted rate. Ask your branch before you break anything.
The auto-renewal trap
If you don't act at maturity, most banks quietly renew the FDR for the same tenure at whatever rate is current that day — which can be well below what you originally signed up for. Note the maturity date and decide actively: renew, move to a better rate, or withdraw.
Compare the after-tax return with inflation
The quoted rate is not what you keep. A 9% FDR nets you roughly 8% with a TIN (less without one) after source tax and excise duty — and if inflation runs higher than that, your money buys less at maturity even though the number grew. That's why this calculator highlights the real return after tax.
Rates and tax can change
FDR rates differ by bank and tenure, and tax/excise rules are set each year by the Finance Act / NBR. We use FY2025-26 figures — confirm the current numbers with your bank before committing.
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OpenFrequently asked questions
Is FDR interest taxed in Bangladesh?
Yes. Banks deduct source tax on FDR interest — 10% if you have a TIN (banks may also ask for proof that you filed a tax return), otherwise 15%. A yearly excise duty is also deducted based on your highest balance. This calculator estimates both.
How is FDR maturity calculated?
For a standard (simple-interest) FDR: Maturity = Deposit × (1 + rate × years/100). If your scheme compounds: Maturity = Deposit × (1 + rate/(100 × n))^(n × years), where n is how many times a year interest is added. Interest is the maturity minus your deposit; source tax and excise duty are then deducted from that gross figure.
What is a Monthly Benefit / Monthly Income Scheme (MBS/MIS)?
An FDR variant where the bank pays the interest to your linked account every month (or quarter) instead of adding it to the deposit, and returns the principal at maturity. The interest is simple — it never compounds — and source tax is deducted from every payout. Switch the calculator to 'Monthly income' to see the net amount you'd receive each month.
What happens if I encash my FDR before maturity?
You usually lose the promised rate. Most banks pay the rate of the nearest completed tenure or just the savings-account rate for the period the money actually stayed, and many pay no interest at all if you break it within the first three months. On a monthly-income FDR, any 'excess' interest already paid out is recovered from your principal. Rules differ by bank — read the premature-encashment terms before you sign.
Can I take a loan against my FDR?
Yes. Banks lend up to 80–90% of the FDR value as a loan or overdraft, usually at about 1.5–2% above your FDR rate, and interest is charged only on what you actually use. For a temporary cash need this is normally much cheaper than breaking the FDR, since the deposit keeps earning its full rate.
What happens at maturity if I don't do anything?
Most FDRs auto-renew for the same tenure at the rate prevailing on the renewal date, which may be lower than your original rate. Set a reminder for the maturity date so you can renew, negotiate, or move the money deliberately.
Is one big FDR better than several smaller ones?
Several smaller FDRs (a 'ladder') are usually more practical: if you suddenly need cash you break only one and the others keep earning the full rate. You can also stagger the tenures so one matures every few months, giving you regular access to your money.
Is my money safe in an FDR?
Deposits are protected up to ৳2,00,000 per depositor per bank under the Deposit Protection Act, 2026 (payable within 17 working days if a bank is liquidated). Above that limit you are an ordinary creditor, so for larger amounts the bank's financial health matters more than an extra 1% of interest — an unusually high rate from a weak bank is a warning sign, not a bonus.
FDR vs DPS vs Sanchayapatra — which should I choose?
They serve different needs. Sanchayapatra generally pays the highest government-backed rate but has purchase limits and paperwork; an FDR suits a lump sum you can lock away; a DPS suits saving a fixed amount from your income every month. Use our compare tool to see FDR and Sanchayapatra side by side after tax.
I use an Islamic bank — does this calculator apply?
Broadly, yes. Islamic banks offer Mudaraba Term Deposits (MTDR) instead of FDRs. The profit rate is provisional — the actual profit depends on the bank's results — rather than guaranteed, but source tax and excise duty apply the same way. Enter the provisional rate to get an estimate.
Results are estimates for general guidance only and are not financial advice. Rates, tax rules and product terms change — always confirm the latest figures with your bank or Bangladesh Bank / National Savings before making a decision.