FD / RD Calculator
Calculate maturity amount for Fixed Deposit or Recurring Deposit
7.0%
SBI: 6.5–7.1% · HDFC: 6.6–7.25% · Senior citizens get 0.5% extra
3 yrs
Maturity amount
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Principal
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Interest earned
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Effective rate
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Tax on interest*
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*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).