FD / RD Calculator
Calculate the maturity amount for Fixed Deposits and Recurring Deposits.
How it works
Enter your principal amount, interest rate, and tenure for an FD. For RD, enter your monthly deposit amount, rate, and duration. The calculator shows the maturity amount and total interest earned using simple and compound interest formulas.
Why use this tool?
Compare FD and RD returns across banks before choosing where to invest your savings. Used by conservative investors, retirees, and anyone planning short to medium-term financial goals.
Frequently Asked Questions
What is the difference between FD and RD?
A Fixed Deposit (FD) involves investing a lump sum at a fixed rate for a set tenure. A Recurring Deposit (RD) involves depositing a fixed amount every month. FDs suit those with a lump sum; RDs suit those building savings monthly.
Is FD interest taxable?
Yes. FD interest is added to your total income and taxed at your applicable slab rate. Banks also deduct TDS (10%) if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).
Which bank has the best FD rates?
Small finance banks and some private banks often offer the highest FD rates (up to 8–9% as of 2025). PSU banks offer lower but safer rates. Compare current rates before investing.
Is this free?
Yes, completely free. Compare FD and RD maturity amounts instantly.
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