FD / RD Calculator
Fixed Deposit and Recurring Deposit maturity calculator with compounding.
FD interest rates India — 2025
Current rates (Jan 2025): SBI 6.5–7.1%, HDFC Bank 7.0–7.4%, ICICI Bank 6.7–7.2%, Axis Bank 6.75–7.2%, AU Small Finance Bank 7.25–8.0%. Senior citizens get 0.25–0.5% extra. Rates vary by tenure — typically 1–3 year FDs offer the best rates. Always compare before locking in.
FD tax — the hidden cost
FD interest is added to your income and taxed at your slab rate. For someone in the 30% bracket, a 7.5% FD yields only 5.25% post-tax (before 4% cess: 5.19%). After 6% inflation, the real post-tax return is actually negative. TDS of 10% is deducted if annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens).
RD vs SIP — a comparison
Both involve regular monthly investments. An RD at 7% for 5 years on ₹5,000/month gives ₹3.57 lakh. An ELSS SIP at 12% CAGR for 5 years on ₹5,000/month gives ₹4.12 lakh — and qualifies for Section 80C deduction. For money not needed for 5+ years, equity SIP consistently outperforms RD, though with higher risk.