FD / RD Calculator
Compute the maturity value and interest earned on Fixed Deposits (FD) and Recurring Deposits (RD). Supports quarterly, monthly, and annual compounding frequencies.
Enter FD details to calculate the maturity amount.
Features
- Supports both Fixed Deposit and Recurring Deposit
- Multiple compounding frequencies: monthly, quarterly, annually
- Shows total interest earned separately
- Works for all major banks and NBFCs
- Instant calculation — no form submission needed
Frequently Asked Questions
What is the difference between FD and RD?
In an FD (Fixed Deposit) you invest a lump sum once and earn interest till maturity. In an RD (Recurring Deposit) you invest a fixed amount every month for a set tenure. Both earn compound interest.
How is FD interest calculated?
FD maturity amount = P × (1 + r/n)^(n×t), where P is the principal, r is the annual interest rate, n is the number of compounding periods per year, and t is the tenure in years. Most banks compound quarterly (n = 4).
How is RD maturity calculated?
RD treats each monthly instalment as a separate FD. The total maturity value is the sum of future values of all monthly deposits. Most banks use quarterly compounding for RDs.
Is FD interest taxable in India?
Yes. Interest earned on FDs is fully taxable in India as per your income tax slab. TDS of 10% is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if you're below the taxable limit.