FD/RD Calculator

Calculate returns on Fixed Deposits and Recurring Deposits with different interest rates and tenures.

FD & RD Calculator

Compare Banks
Min: ₹1,000 | Max: ₹10,00,000
Min: 1 month | Max: 120 months (10 years)
Current rates: 3% - 15%
Min: ₹100 | Max: ₹1,00,000
Min: 6 months | Max: 120 months (10 years)
Current rates: 3% - 15%

FD Calculation Results

Principal Amount ₹1,00,000
Tenure 12 months
Interest Rate 7.5% p.a.
Interest Earned ₹7,500
₹1,07,500
Breakdown
Total Deposits ₹1,00,000
Total Interest ₹7,500
Maturity Amount ₹1,07,500

Understanding FD & RD

Fixed Deposit (FD)

  • Lump sum investment for a fixed period
  • Higher interest rates compared to savings accounts
  • Interest compounded quarterly, half-yearly, or annually
  • Premature withdrawal may attract penalty
  • Tax deducted at source (TDS) on interest income

Recurring Deposit (RD)

  • Regular monthly investments for a fixed period
  • Ideal for disciplined savings with smaller amounts
  • Interest compounded quarterly
  • Flexible tenure options from 6 months to 10 years
  • Premature closure available with penalty

Key Differences

  • FD requires lump sum, RD requires regular installments
  • FD generally offers slightly higher interest rates
  • RD helps in building savings discipline
  • Both offer fixed returns with low risk
  • Both are covered under deposit insurance