How much tax is cut from FDR interest?

10% of the interest if you submit your TIN or return proof, 15% if you don't. It is deducted when the interest is credited.

What is excise duty on a bank account?

A government duty charged once a year based on the highest balance in the account. For FY 2026-27 balances up to ৳4 lakh are exempt. You can override the amount if your bank charges differently.

Is DPS interest compounded?

Yes. Most banks compound monthly or quarterly. Choose the compounding your bank uses for the closest figure.

Why is my bank's figure slightly different?

Banks round interest daily or monthly, use 360 or 365 days, and may deduct tax at different times. Expect a small difference.

FDR & DPS Calculator Bangladesh — Interest After Tax & Excise Duty

Guide

FDR — fixed deposit receipt

You deposit a lump sum for a fixed period at a fixed rate. Many FDRs are short (3, 6 or 12 months) and auto-renew with the interest added, which compounds the return. Monthly-profit schemes instead pay the interest out every month and return the principal at the end.

Deductions that cut your return

Source tax on interest — banks deduct 10% of the interest if you have a TIN (e-TIN / return proof) and 15% if you don't.
Excise duty — charged once a year on the highest balance. From FY 2026-27, balances up to ৳4 lakh are exempt; above that it rises in slabs (৳150, ৳500, ৳3,000…).

Example: ৳5,00,000 for one year at 10.5% → interest ৳52,500, tax ৳5,250, excise ৳150 → you receive about ৳5,47,100.

DPS — deposit pension scheme

A DPS takes a fixed amount every month for 3, 5 or 10 years and pays it back with compound interest at maturity. It is the easiest way to build savings for a shop expansion, a child's education or Hajj. Missing instalments can lower the rate or attract a penalty — check your bank's rules.

Compare with other options

Sanchayapatra (savings certificates) usually pay more but have investment limits and their own tax rules. Interest rates differ a lot between banks, so compare before you open an account.

FDR & DPS Calculator