National Housing Bank FD Calculator

Total Investment


Number of years

1 yr
25 yrs

Interest Rate

1 %

Given below is a table of interest rates offered for the NHB Sunidhi FD Scheme - General Public

Tenure Regular Interest Rates (per annum)
1 year 6.75%
2 years 6.75%
3 years 7.00%
5 years 7.00%

Given below is a table of interest rates offered for the NHB Sunidhi FD Scheme - Senior Citizens

Tenure Senior Citizen Interest Rates (per annum)
1 year 7.35%
2 years 7.35%
3 years 7.60%
5 years 7.60%

Given below is a table of interest rates offered for the NHB Suvriddhi Tax Saving FD Scheme - General Citizens

Tenure Regular Interest Rates (per annum)
5 years 7.00%

Given below is a table of interest rates offered for the NHB Suvriddhi Tax Saving FD Scheme - Senior Citizens

Tenure Senior Citizen Interest Rates (per annum)
5 years 7.60%

National Housing Bank FD Calculator

A wholly owned RBI entity, NHB or National Housing Bank offers an FD scheme known as NHB SUNIDHI term deposit. National Housing Bank fixed deposit rates range between 6.75% p.a. to 7% p.a. for general citizens and 7.35% p.a. to 7.60% p.a. for senior citizens. You can also claim income tax benefits of up to ₹1.5 lakhs under section 80C when investing in a 5-year NHB Suvriddhi Tax Saving scheme.

You can use the NHB FD calculator to calculate your returns to make the most suitable investment decision. Keep reading to know more.

National Housing Bank Fixed Deposit (FD) Calculator

NHB offers different FD schemes with varying FD rates that cater to different individual financial preferences. When it comes to growing your savings with stable returns at low to no risk, fixed deposit schemes can be a preferred option.

However, to choose a suitable FD scheme and tenure as per your financial plans, it is essential to know the estimated returns. In this regard, you can use an online FD calculator to get an idea of the return on your potential FD investment. It is an excellent tool to quickly find the interest and maturity amount to arrive at the right financial decision regarding your FD amount investment.

Manual calculation of FD interest can be quite a tedious job. An automated online calculator will accurately provide the results.

How Does the National Housing Bank FD Calculator Work?

Using this online device eliminates the hassle of manual calculation. It typically works based on the information that you feed into the calculator. To use it you simply need to enter an investment amount in the “Total Investment” box.

Now drag the cursor to draw the slider until reaching your desired tenure. You can also enter the tenure period in the required box. Upon entering the interest rate your screen will display the “Total Value” and “Estimated Return” promptly. Total value is the maturity amount and estimated return stands for the accrued interest.

Fixed deposit is of two types based on the type of interest accrued: simple interest FD and compound interest FD. Let’s understand in detail how to calculate each type of FD interest.

Simple Interest
The simple interest formula to calculate your maturity amount is:

M= P+ (PXRXT/100),

In this given formula,

This formula is used for FDs that usually mature within a year.

Compound Interest
In this case, the interest is compounded on a fixed frequency. The compound interest formula to calculate your maturity is:

A = P (1 + r / n) ^ (n x t)


So, the compound interest earned over the period = Maturity amount – Principal amount.

Let’s take an example:

Suppose you have invested ₹20,000 in NHB for 5 years at a yearly compounding interest rate of 7% p.a. Therefore the total maturity amount you will earn after 5 years will be:

A = 20,000(1+7%/1)^(1*5) = ₹28,051.03

Interest earned = ₹28,051.03 – ₹20,000 = ₹8,051.03.

National Housing Bank fixed deposit calculator can come to your rescue, if you want to determine the FD return but wish to avoid the tedious task of calculation.

Benefits of an Online National Housing Bank FD Calculator

Here are some of the notable benefits of using this online device.

Prior knowledge about your maturity amount enables you to make informed decisions about FD investment. The Upstox National Housing Bank fixed deposit calculator makes all FD calculations simpler and hassle-free, helping you to plan your investment better.

Frequently Asked Questions

What are the minimum and maximum deposits to open an NHB FD account?

To open an NHB FD account the minimum amount to deposit is ₹50,000 and higher in multiples of ₹10,000. The maximum aggregate amount under the FD schemes should not exceed ₹5 crore per depositor.

Is there any premature withdrawal facility on the FD amount?

Premature withdrawals are not allowed in the first 3 months. However, you can opt for premature withdrawal and this financial institution will charge a 0.4% penalty on the contracted rate if cancelled beyond 1 year.

Does NHB offer any special rates to senior citizens on fixed deposits?

Yes, NHB offers a higher and additional rate of 0.60% above the regular rates.

Who are eligible to open National Housing Bank FD account?

Individuals, HUF, Partnership firms, Trusts, and Societies are eligible to open an NHB FD account.

In how many years has FD doubled in NHB?

Using the rule of 72, you can calculate the number of years it will need to double the NHB fixed deposit amount. As per this rule, you need to divide 72 by the rate of interest imposed on your investment amount. For instance, if the interest rate of your FD amount is 6.5, it will take (72/6.5) = 11.07 (approx) years to double your deposit amount.

Can I close my NHB fixed deposit account online?

No, you cannot close your NHB fixed deposit account online.

What is the lock-in period for Tax Saving Scheme offered by NHB?

The NHB SUVRIDDHI (Tax Saving) has a mandatory lock-in period of 5 years. You can neither take a loan nor make an early withdrawal before that.

What is the highest interest rate on FD offered by NHB?

The highest interest offered to general citizens is 7% p.a., whereas for senior citizens it is 7.60% p.a.

This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.