RD and FD Calculator Online
Calculate your Recurring Deposit and Fixed Deposit maturity payouts, total interest, and investment growth instantly.
Fixed Deposit
Lump-sum deposit. Quarterly compounding used by default.
Principal
₹20,000.00
Maturity Amount
₹31,440.54
Interest Earned
₹11,440.54
Estimates only — check exact payout with bank.
How to Use This Tool
1
Choose Deposit Type
Switch between FD (Fixed Deposit lump-sum) or RD (Recurring Deposit monthly deposit) based on your plan.
2
Enter Investment Details
Input your deposit principal amount, expected annual interest rate percentage, and the total tenure in years.
3
Compute Payout Breakdown
Click Calculate to generate an instant estimate of total invested amount, maturity sum, and cumulative interest earned.
Frequently Asked Questions
What is the difference between an FD and an RD?
A Fixed Deposit (FD) requires a one-time lump-sum investment locked in for a fixed term, whereas a Recurring Deposit (RD) allows you to deposit a predetermined fixed amount every month over a specified tenure.
How is interest compounded on Fixed Deposits?
Most commercial banks in India compound interest on Fixed Deposits on a quarterly basis (4 times per year) using the compound interest formula $A = P \times (1 + r/n)^{nt}$.
How is Recurring Deposit maturity calculated?
In an RD, each monthly installment earns compound interest for the remaining duration of the tenure. Compounding is typically evaluated quarterly in line with Indian banking conventions.
Can I calculate tenure in months instead of years?
Yes, you can enter fractional years in the tenure input. For example, 6 months can be entered as 0.5 years, and 18 months can be entered as 1.5 years.
Are senior citizens eligible for higher interest rates?
Yes, banks generally offer an additional 0.25% to 0.75% interest over standard rates for senior citizens. You can directly input the higher applicable rate in the interest rate field.
Does this calculator account for TDS deduction?
No, these figures represent gross maturity payouts before Tax Deducted at Source (TDS). Check with your financial institution or tax consultant for your specific post-tax proceeds.
Why might my bank's payout differ slightly from this result?
Minor variations can arise due to exact calendar day counts, leap year adjustments, or specific bank rounding policies. These calculations serve as accurate mathematical estimates.