Fixed Income

FD / RD Calculator

Calculate maturity value and interest earned on Fixed Deposits and Recurring Deposits with compound interest.

Total Invested

Interest Earned

Maturity Value

Contribution Split

Uses monthly compounding for both FD and RD. Interest is taxable as per your income slab (TDS applicable). Results are indicative only.

What is an FD / RD Calculator?

An FD (Fixed Deposit) calculator estimates the maturity amount when you invest a lump sum at a fixed interest rate for a defined tenure. An RD (Recurring Deposit) calculator works similarly but for monthly investments — like a bank-based SIP where you deposit a fixed amount every month and earn compound interest on the accumulated balance.

Both FD and RD offer capital protection and guaranteed returns, making them ideal for short-to-medium term goals (1–5 years) or for parking emergency funds. The primary difference is the investment pattern: FD requires a one-time lump sum, while RD is suited for those who want to save incrementally each month without equity market exposure.

How to Use This FD / RD Calculator

  1. 1

    Select FD or RD mode

    Use the FD tab if you have a lump sum to invest. Switch to RD if you want to invest a fixed amount every month.

  2. 2

    Enter the deposit amount

    For FD, enter the total amount you're depositing. For RD, enter the monthly installment you can consistently invest.

  3. 3

    Set interest rate and tenure

    Check your bank's current FD/RD rates. Senior citizens typically get 0.25–0.5% extra. Longer tenures (3–5 years) usually offer slightly higher rates.

  4. 4

    Review maturity and interest earned

    The calculator shows your total invested, interest earned, and maturity value. Remember that FD/RD interest is taxable — deduct TDS (10%) if your interest exceeds ₹40,000/year (₹50,000 for senior citizens).

FD vs RD — Which Should You Choose?

Feature Fixed Deposit (FD) Recurring Deposit (RD)
Investment TypeOne-time lump sumMonthly installments
Best forLump sums (bonus, savings)Regular monthly savers
ReturnsHigher (full amount compounds)Lower (deposits staggered)
Tax TreatmentInterest taxable (TDS applies)Interest taxable (TDS applies)

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FAQs

Frequently asked questions

What is the difference between FD and RD?
A Fixed Deposit (FD) requires a one-time lump sum investment, while a Recurring Deposit (RD) lets you invest a fixed amount monthly. Both earn guaranteed interest, but FD typically offers slightly higher rates since the full principal earns interest from day one.

Are FD and RD returns taxable?
Yes. Interest earned on both FD and RD is fully taxable at your income tax slab rate. Banks deduct TDS at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). You can claim this TDS while filing your return.

Which gives better returns — FD, RD, or debt mutual funds?
FD and RD offer guaranteed returns (typically 6–7.5%). Debt mutual funds may offer slightly higher post-tax returns for those in higher tax brackets, especially if held for over 3 years. However, FD/RD carry zero market risk.

Can I break an FD before maturity?
Yes, most banks allow premature FD withdrawal with a penalty of 0.5–1% reduction in the applicable interest rate. Some banks offer no-penalty FDs at slightly lower rates. Tax-saver FDs (5-year) cannot be broken before maturity.