Calculators / FD & RD Calculator
🏦 FD & RD Calculator
Find out exactly what your Fixed Deposit or Recurring Deposit will be worth at maturity, and how much of it is interest.
FD interest is compounded quarterly, the standard used by Indian banks.
How deposit interest works
Bank FDs in India compound interest quarterly: M = P × (1 + r/4)^(4t). An RD applies the same idea to a monthly deposit stream, so later installments earn interest for less time than earlier ones.
FD vs RD — which should I pick?
Use an FD when you have a lump sum sitting idle; use an RD to build a saving habit from monthly income. Rates are usually identical — the difference is purely how you fund them.
Is FD interest taxable?
Yes — FD and RD interest is added to your income and taxed at your slab rate, and banks deduct TDS once interest crosses the annual threshold. Factor that in when comparing against debt funds.