FD / RD Calculator

Calculate maturity amount for Fixed Deposit or Recurring Deposit

Principal amount (₹)

Interest rate (% per annum)

7.0%

SBI: 6.5–7.1% · HDFC: 6.6–7.25% · Senior citizens get 0.5% extra

Tenure

3 yrs

Compounding frequency (FD)

Maturity amount

—

Principal

—

Interest earned

—

Effective rate

—

Tax on interest*

—

*TDS applicable if interest > ₹40,000/year (₹50,000 for senior citizens). Consult a tax advisor.

FD vs RD — Which is better?

Fixed Deposit (FD)

You invest a lump sum once and earn interest over the tenure. Best if you have a large amount ready to invest. Interest is compounded quarterly in most banks.

Recurring Deposit (RD)

You invest a fixed amount every month for a chosen period. Best for salaried individuals who want to save from monthly income. RD interest is compounded quarterly.

Is FD/RD interest taxable?

Yes. Interest from FD and RD is added to your income and taxed as per your income tax slab. Banks deduct TDS at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).