What is the FD & RD Calculator? An FD or RD calculator estimates what a bank deposit will be worth at maturity. Indian banks compound deposit interest quarterly, so the amount grows slightly faster than the headline rate suggests.
How to use the FD & RD Calculator
- Choose Fixed Deposit for a one-time deposit or Recurring Deposit for a monthly instalment.
- Enter the amount and the interest rate your bank offers.
- Set the tenure in years.
- Compare the maturity value and interest earned, then check the bank's own quote before you book.
Frequently asked questions
How is FD maturity calculated?
Maturity = principal × (1 + annual rate ÷ 4) ^ (4 × years), because banks compound FD interest every quarter.
How is RD interest different from FD?
Each monthly RD instalment earns interest only for the months it stays deposited, so early instalments grow the most and the last one barely earns.
Is FD interest taxable?
Yes. Interest is added to your income and taxed at your slab rate, and banks may deduct TDS above their annual thresholds. This calculator shows pre-tax returns.
Results are estimates based on the inputs you enter, not guaranteed returns or financial advice.