Use our free FD & RD Calculator to instantly calculate your maturity amount and interest earned on Fixed Deposits (FD) and Recurring Deposits (RD). Compare returns across different compounding frequencies and plan your savings effectively.
This calculator uses the standard compound interest formula followed by Indian banks. It also shows estimated TDS deduction if your annual interest exceeds ₹50,000, helping you plan your tax liability in advance.
💸 Fixed Deposit Details
Required for Financial Year-wise interest accrual (income-tax purpose). Defaults to today.
Minimum deposit amount varies by bank (usually ₹1,000)
Check your bank's current FD rates before investing
Most Indian banks compound FD interest quarterly
Cumulative FDs give higher returns due to compounding
✅ Your FD Returns
Principal Invested
₹0
Initial deposit
Interest Earned
₹0
Effective yield: 0%
Maturity Amount
₹0
Over 0 months
Compounding Frequency Comparison
Year-wise Growth
| Year | Opening Balance (₹) | Interest Earned (₹) | Closing Balance (₹) |
|---|
Financial Year-wise Interest Breakup (for Income Tax / ITR)
| Financial Year | Opening Balance | Interest Accrued | Closing Balance | Est. TDS u/s 194A |
|---|
Method: Interest computed on bank-accrual basis – quarterly (or chosen frequency) compounded balance plus simple interest for any stub days till 31-March of each FY. Matches the figure banks issue on Form 16A / FD Interest Certificate. TDS: Estimated at 10% u/s 194A on FYs where annual accrued interest exceeds Rs. 50,000 (Rs. 1,00,000 for senior citizens) – thresholds as per Finance Act 2025, applicable for FY 2025-26 and FY 2026-27. Submit Form 15G / 15H to your bank to avoid TDS if your total income is below the basic exemption limit. For non-cumulative FDs, interest is paid out each period and the balance remains at principal. Disclaimer: Figures are indicative only – the actual interest credited and TDS deducted by your bank may differ slightly due to day-count conventions and rate revisions. Please cross-verify with Form 16A / Interest Certificate issued by your bank.
⚠ Tax Note: Interest earned on FDs is fully taxable as per your income tax slab. TDS is deducted at 10% if annual interest exceeds ₹50,000 (₹1,00,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
💸 Recurring Deposit Details
Amount you will deposit every month
RD rates are typically slightly lower than FD rates
✅ Your RD Returns
Total Deposited
₹0
0 instalments
Interest Earned
₹0
Return: 0%
Maturity Amount
₹0
Over 0 months
Month-wise Growth
| Month | Deposit (₹) | Interest (₹) | Balance (₹) |
|---|
⚠ Tax Note: Interest earned on RDs is fully taxable as per your income tax slab. TDS applies if interest exceeds ₹50,000 per year (₹1,00,000 for senior citizens). Submit Form 15G/15H if your income is below the taxable limit.
Want this in Excel?
FD plus RD maturity calculator with quarterly compounding, TDS auto-flag, and Form 15G eligibility check. CA-prepared.