1
Select Deposit Type
Choose Fixed Deposit for one-time lumpsum investments or Recurring Deposit for regular monthly savings.
Banking Yield Engine
M3 Financial Suite
Dual RD & FD Investment Calculator
Calculate bank FD and RD maturity amounts, compounding interest, and wealth growth instantly with accurate returns.
₹1,000
₹10,00,000
1.0%
15.0%
1 Year
10 Years
Commercial banks in India compound FD returns quarterly by default.
₹1,00,000
Total Principal Invested
₹41,478
Total Interest Earned
₹1,41,478
Total Maturity Amount
Principal Invested: 70.7%
Total Gain (Interest): 29.3%
How to Use This Tool
Follow these sequential operations to evaluate your deposit yields and maturity growth.
2
Enter Amount & Rate
Enter your principal amount or monthly installment along with the expected annual interest rate.
3
Set Tenure & Frequency
Choose your tenure in years or months and set your compounding frequency preference.
4
Review & Export Summary
Review the instant maturity breakdown, compare interest earned, and download or copy the investment summary.
Frequently Asked Questions
Answers to common queries regarding bank deposit compounding, rules, and tax treatment.
What is the main difference between an FD and an RD?
A Fixed Deposit requires a one-time lump-sum deposit invested for a predetermined tenure at a fixed interest rate. In contrast, a Recurring Deposit allows investors to deposit a fixed amount every month over an agreed timeline, making it ideal for salaried individuals building discipline.
How often is interest compounded in Indian bank deposits?
Most Indian commercial and public sector banks compound interest on Fixed Deposits and Recurring Deposits on a quarterly basis (four times a year). This quarterly compounding increases the effective yield compared to simple interest schemes.
Is interest earned on FD and RD taxable?
Yes, interest earned from bank FDs and RDs is taxable under "Income from Other Sources" according to the depositor's tax slab. If total interest exceeds the annual threshold limit (₹40,000 for regular individuals, ₹50,000 for senior citizens), banks deduct TDS.
Can I withdraw my deposit before maturity?
Yes, premature withdrawal is usually permitted for both FDs and RDs, but banks typically levy a nominal penalty fee (around 0.5% to 1%) and adjust the interest rate down to the tenure actually completed.
Do senior citizens receive higher interest rates on deposits?
Yes, Indian banks typically offer an additional interest margin of 0.50% to 0.75% per annum to resident senior citizens (aged 60 and above) on both Fixed and Recurring Deposit accounts across varying tenures.
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