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FD / RD Calculator

Calculate your guaranteed returns from Bank Fixed Deposits or Recurring Deposits.

Deposit Type

₹
₹10K₹50L
%
3%15%
Yr
1 Yr20 Yr

Total Invested

₹ 1,00,000

Interest Earned

₹ 44,995

Maturity Value

₹ 1,44,995

₹ 1,44,995

Guaranteed Maturity Amount

Frequently Asked Questions

A Fixed Deposit (FD) requires a one-time lump-sum investment. A Recurring Deposit (RD) involves monthly installments. FDs generally offer slightly higher interest rates. Both are low-risk instruments suitable for conservative investors.
FD interest can be calculated quarterly (most common in India), monthly, half-yearly, or annually. Quarterly compounding formula: Maturity = P × (1 + r/4)^(4×n), where P is principal, r is annual rate, and n is years.
Yes, FD interest is fully taxable as per your income tax slab. Banks deduct 10% TDS if annual interest exceeds ₹40,000 (₹50,000 for seniors). You can submit Form 15G/15H to avoid TDS if your total income is below taxable limit.
FD rates vary by bank and tenure. As of 2024, major banks offer 6.5-7.5% for general customers and 7-8% for senior citizens on 1-3 year deposits. Small finance banks may offer 8-9%. Always compare rates before investing.
Yes, you can prematurely close an FD, but banks typically charge a 0.5-1% penalty on the interest rate. Some banks offer sweep FDs that auto-break only the required amount. Tax-saver FDs (5-year lock-in) cannot be broken early.