Fixed Deposits (FD) and Recurring Deposits (RD) are popular investment options in India. Understanding the maturity amount helps you plan your savings goals, compare different banks, and make informed investment decisions. Our FD/RD calculator shows you exactly how your money grows.
Lump sum investment with guaranteed returns
Monthly savings with compound interest
See which tenure and rate works best for you
A = P(1 + r/n)^(nt)
P = Principal, r = Rate, n = compounding/year, t = time
A = M × [(1+r)^n - 1] / [1 - (1+r)^(-1/3)]
M = Monthly deposit, r = quarterly rate, n = quarters
Interest earned on previously accumulated interest, leading to exponential growth over time.
Interest income is taxable as per income tax slab. TDS applies if interest exceeds ₹40,000/year.
*Rates are indicative. Check with your bank for current rates.
FD (Fixed Deposit) is a one-time lump sum investment for a fixed tenure. RD (Recurring Deposit) allows you to invest a fixed amount every month, making it ideal for regular savers.
FD interest is calculated using compound interest formula: A = P(1 + r/n)^(nt). Interest can be compounded annually, half-yearly, quarterly, or monthly.
RD interest is calculated on each monthly installment, with compounding typically done quarterly. Each deposit earns interest for its remaining tenure.
Yes, interest earned on FD and RD is taxable under "Income from Other Sources". TDS is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).
FD is better if you have a lump sum amount. RD is better for regular monthly savings. Both offer similar interest rates and safety.
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