FD / RD Calculator
FD Parameters
Maturity Value
₹1.41 L
Bank FD Rate Comparison
Same principal (₹1.00 L) at 60 months tenure
| Bank | Rate (p.a.) | Interest | Maturity |
|---|---|---|---|
| SBI | 6.80% | ₹40,0,93.85 | ₹1.40 L |
| HDFC Bank | 7.00% | ₹41,4,77.82 | ₹1.41 L |
| ICICI Bank | 7.00% | ₹41,4,77.82 | ₹1.41 L |
| Axis Bank | 7.10% | ₹42,1,74.67 | ₹1.42 L |
| Kotak Mahindra | 7.00% | ₹41,4,77.82 | ₹1.41 L |
FD vs RD Comparison
Same total investment of ₹1.00 L over 60 months
Fixed Deposit
₹1.41 L
Interest: ₹41,4,77.82
Better ReturnsRecurring Deposit
₹1.20 L
Interest: ₹19,8,87.98
Difference
₹21,5,90
FD earns more
What Does This Tool Do?
This FD / RD Calculator helps you compute maturity values for FD and RD deposits with compounding interest, senior citizen rates, and bank comparisons. It is designed for savers, senior citizens, students, and anyone planning safe investments who need quick and reliable results.
When Should You Use It?
You should use this tool when:
- •You want to compare FD rates across major Indian banks
- •You are a senior citizen looking for the best FD returns
- •You want to see how monthly RD deposits grow over time
- •You need to decide between investing lumpsum (FD) or monthly (RD)
How to Use This Tool
Enter or upload the required information
Click on the calculate / convert button
Get instant results
Common Use Cases
- •Comparing bank FD rates before booking a deposit
- •Planning retirement savings with senior citizen FD rates
- •Building an emergency fund through RD
- •Understanding TDS impact on FD interest income
- •Choosing between FD and RD for the same investment amount
Frequently Asked Questions
What is the difference between FD and RD?
In a Fixed Deposit (FD), you invest a lumpsum amount for a fixed tenure. In a Recurring Deposit (RD), you deposit a fixed amount every month. Both offer guaranteed returns at fixed interest rates.
What is TDS on FD interest?
Banks deduct TDS at 10% if your annual FD interest exceeds Rs 40,000 (Rs 50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
Do senior citizens get higher FD rates?
Yes, most banks offer an additional 0.25% to 0.50% higher interest rate for senior citizens (age 60+). This calculator adds 0.5% when the senior citizen toggle is enabled.
Which compounding frequency is best for FD?
More frequent compounding (monthly) gives slightly higher returns than less frequent (annually). However, the difference is minimal for typical FD tenures.