Zakat on savings, FDs and RDs

Money in savings and current accounts, fixed deposits and recurring deposits is fully zakatable. Enter the balance on your zakat date.

Bank balances

Add up the balances of every account — savings and current — on your zakat date. Include wallet balances (Paytm, PhonePe) and cash at home.

Fixed and recurring deposits

FDs and RDs are your money and fully zakatable. Use the current value; the principal is what matters most, and include accrued amounts if you know them.

What about the interest?

Most scholars say bank interest isn't considered your money and should be given away (without expecting reward). That is a separate matter from zakat — for zakat, simply use your actual balance.

Savings ₹1,50,000 + FD ₹2,00,000	₹3,50,000
Above nisab (₹1,22,411) → zakat at 2.5%	₹8,750

Rates used: 24k gold ₹13,887/g, silver ₹199.90/g (India, median across cities), as of 2 November 2026.

More guides

How to calculate zakat, step by step · Zakat on gold and gold jewellery · Zakat on silver · Zakat on shares, mutual funds and crypto · Zakat on PPF, EPF and provident funds · Zakat on property and land · Zakat for shop owners and businesses

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Common questions

Is zakat due on money kept for a planned expense, like a wedding?

Yes — money you hold on your zakat date is zakatable even if it's earmarked, as long as it's still yours.

Is zakat due on a salary account balance?

Yes, the balance on your zakat date counts like any other savings.