FD / RD Calculator - Free Online Tool | NexUtils
FD / RD Calculator
About FD / RD Calculator
FD (Fixed Deposit) and RD (Recurring Deposit) are the safest investment options in India. This tool helps you compare returns from both. Use the FD mode if you have a lumpsum amount, or the RD mode if you want to save a fixed amount every month.
How to Use This Tool
Select Type
Choose between Fixed Deposit (FD) or Recurring Deposit (RD).
Enter Amount
Input total lumpsum for FD, or monthly installment for RD.
Rate & Tenure
Set the bank interest rate and duration in years.
Key Features
- •Dual Mode (FD & RD)
- •Quarterly Compounding for FD
- •Monthly Compounding for RD
- •Instant Comparison
Frequently Asked Questions
What is the difference between FD and RD?
In FD, you invest a large amount once. In RD, you invest a small fixed amount every month. Both generally offer similar interest rates.
Is interest taxable?
Yes, interest earned on FD and RD is strictly taxable as per your income tax slab. TDS may also be deducted by the bank.
Can I withdraw before maturity?
Yes, but banks usually charge a penalty (0.5% - 1%) for premature withdrawal.
Why FD / RD Calculator Matters
Safety: Guaranteed returns compared to market-linked options. Liquidity: easy to liquidate in emergencies. Discipline: RD helps build a regular saving habit.