FD / RD Calculator
About FD / RD Calculator
This versatile tool works as both a Fixed Deposit (FD) Calculator and a Recurring Deposit (RD) Calculator. It helps you compare returns from traditional banking investment products, allowing you to make informed decisions about where to park your savings for safe, guaranteed returns.
How to Use This Tool
Select Investment Type
Choose between 'Fixed Deposit' (one-time investment) or 'Recurring Deposit' (monthly savings).
Enter Amount
Input your total FD amount or your monthly RD installment value.
Interest Rate & Duration
Enter the bank's offered annual interest rate and the number of years for the term.
Frequently Asked Questions
What is the difference between FD and RD?
In a Fixed Deposit (FD), you invest a lump sum amount once for a fixed tenure. In a Recurring Deposit (RD), you invest a fixed amount every month for the tenure. FDs are for bulk savings, while RDs are for regular savings.
How is interest calculated for FD and RD?
Most banks in India compound interest quarterly. This calculator uses the standard quarterly compounding formula to provide accurate maturity estimates.
Is the interest earned taxable?
Yes, interest earned from both FDs and RDs is added to your income and taxed as per your income tax slab. Banks may also deduct TDS if interest exceeds a certain limit.
Key Features
- •Dual Mode: FD & RD Support
- •Quarterly Compounding Logic (Standard)
- •Comparison of Maturity Values
- •Visual Split of Principal vs Interest
Why FD / RD Calculator Matters
Safe Returns: FDs and RDs offer guaranteed returns unlike market-linked products. Liquidity: You can usually break an FD or close an RD prematurely (with a small penalty) if you need funds. Habit Building: RDs are excellent for building a disciplined savings habit.