FD & RD Calculator
Calculate Fixed Deposit and Recurring Deposit maturity amount and interest earned.
How to Use
- 1
Choose FD or RD
Select Fixed Deposit for a lump-sum deposit or Recurring Deposit for monthly contributions.
- 2
Enter the principal and rate
Type the deposit amount and the annual interest rate offered by your bank.
- 3
Set the tenure
Enter the investment period in months or years.
- 4
View maturity amount
See the maturity amount and total interest earned, with quarterly or annual compounding.
Frequently Asked Questions
FD interest is calculated using compound interest, typically compounded quarterly in Indian banks. Enter your deposit amount, interest rate, and tenure to see the maturity amount and total interest earned.
A Fixed Deposit (FD) is a lump sum invested once, while a Recurring Deposit (RD) involves monthly installments. Both earn compound interest, but RD is ideal for those who want to save a fixed amount every month.
Yes. FD interest is fully taxable as per your income tax slab. Banks deduct TDS at 10% if annual interest exceeds Rs 40,000 (Rs 50,000 for senior citizens).