Results are estimates for illustration only and not financial, tax, or investment advice. Verify with a qualified, registered advisor before making decisions.
FD & RD Calculator
Calculate maturity values for Fixed and Recurring Deposits.
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About FD & RD Calculator
A Fixed Deposit (FD) involves a lumpsum investment for a fixed tenure, while a Recurring Deposit (RD) involves regular monthly investments. Both offer guaranteed returns based on fixed interest rates.
Definition: Fixed Deposit / Recurring Deposit
Safe investment instruments offered by banks and post offices that provide a guaranteed rate of interest over a specified maturity period.
Inputs and Outputs
Required Inputs
- Deposit TypeChoose between Fixed Deposit (Lumpsum) or Recurring Deposit (Monthly).
- Investment AmountThe principal or monthly deposit amount.
- Interest Rate (%)The annual interest rate offered by the bank.
- Time PeriodThe tenure of the deposit.
- Compounding FrequencyHow often interest is added (Quarterly is default in India).
Expected Outputs
- Total InvestedThe sum of all deposits made.
- Total InterestThe total interest earned upon maturity.
- Maturity AmountThe final payout amount at the end of the tenure.
Who Uses the FD & RD Calculator?
Safe Investments
Calculate guaranteed returns for emergency funds parked in FDs.
Goal Saving
Plan short-term goals like a vacation or gadget purchase using RDs.
How to Use the FD & RD Calculator
- 1Select whether you are calculating for an FD (Lumpsum) or RD (Monthly).
- 2Enter your investment amount and the bank's interest rate.
- 3Set the tenure of your deposit.
- 4Select the compounding frequency (usually Quarterly for Indian banks) to see the maturity value.
Quick Facts
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Frequently Asked Questions
How is RD interest calculated?
RD interest is calculated using a complex formula because each monthly deposit earns interest for a different duration. Our calculator handles this automatically.
Why is quarterly compounding standard?
Most Indian banks compound interest on FDs and RDs every quarter, which yields a slightly higher effective annualized return compared to yearly compounding.