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 ₹40,000, helping you plan your tax liability in advance.
💸 Fixed Deposit Details
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 (₹) |
|---|
⚠ Tax Note: Interest earned on FDs is fully taxable as per your income tax slab. TDS is deducted at 10% if annual interest exceeds ₹40,000 (₹50,000 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 ₹40,000 per year (₹50,000 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.