Free FD & Recurring Deposit Calculator
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About the FD / RD Calculator
Calculate the maturity value and interest earned on a fixed deposit or recurring deposit — choose compounding frequency, all in your browser.
How to use the FD / RD Calculator
- 1Switch between FD (Fixed Deposit) and RD (Recurring Deposit) using the tabs.
- 2Enter the principal (or monthly amount for RD), interest rate and duration.
- 3Pick the compounding frequency — quarterly is most common for Indian FDs.
- 4See the maturity value and total interest earned instantly.
Frequently asked questions
What is the difference between FD and RD?
A Fixed Deposit (FD) is a lump-sum investment locked in for a fixed period. A Recurring Deposit (RD) is a monthly savings scheme where you invest a fixed amount each month for a fixed period. Both earn interest at a fixed rate.
What compounding frequency do Indian banks use for FDs?
Most Indian banks compound interest quarterly. Some post office schemes compound annually. Select the frequency your bank specifies to get the most accurate result.
How is RD interest calculated?
Each monthly instalment earns compound interest from its deposit date until maturity. The calculator uses the standard formula: M = R × [(1+r)ⁿ − 1] / (1 − (1+r)^(−1/3)), where r is the quarterly rate.
Is TDS deducted in this calculator?
No — this shows gross maturity value before any TDS (Tax Deducted at Source). For FD interest over ₹40,000 per year (₹50,000 for senior citizens), banks deduct 10% TDS.