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Financial Utility

FD & RD Calculator

Estimate cumulative interest earnings and maturity values for Fixed Deposits (FD) or Recurring Deposits (RD) instantly.

Deposit Type
Fixed Deposit Principal
₹
₹5K₹25L₹50L₹75L₹1Cr
Annual Interest Rate Offered
%
1%4.5%8%11.5%15%
Investment Tenure
1 Yr12 Yrs25 Yrs
Compounding Frequency

Maturity Summary

Estimated Maturity Payout₹0
Principal Principal₹0
Interest Interest₹0
Total Cost / Investment value₹0
Interest0%

FD vs RD: Which Investment is Best?

Both Fixed Deposits (FD) and Recurring Deposits (RD) offer safe, guaranteed interest returns. However, they cater to different saving habits and cash profiles.

  • Fixed Deposit (FD): Best suited when you possess a lump-sum amount of capital that you want to lock away safely for a set tenure to earn compound interest.
  • Recurring Deposit (RD): Ideal for salaried professionals who wish to invest a fixed portion of their income month-by-month to build a disciplined savings fund.

Frequently Asked Questions (FAQs)

How does FD compounding frequency affect maturity?

Compounding frequency determines how often interest is calculated and added to the principal. More frequent compounding (e.g. Monthly vs. Yearly) accumulates slightly higher maturity values because you earn interest on interest sooner.

What is the compounding standard for bank RDs?

In the Indian banking system, Recurring Deposit interest is compounded quarterly, meaning interest is calculated four times a year on cumulative monthly deposits.

Can I withdraw my FD before tenure completion?

Yes, most financial institutions allow premature withdrawal of Fixed Deposits, although they typically levy a minor penalty of 0.5% to 1.0% reduction in the offered interest rate.

How to Use This Tool

  1. 1Select either the 'Fixed Deposit (FD)' or 'Recurring Deposit (RD)' tab at the top.
  2. 2Input your principal deposit (for FD) or monthly saving goal (for RD).
  3. 3Define your annual interest rate (%) offered by the bank.
  4. 4Set the tenure duration and choose Years or Months toggle.
  5. 5Review the total invested principal, interest accumulated, and net maturity payout value.