FD / RD Calculator
India-linked Fixed Deposit and Recurring Deposit planning with local rate, tax, and compounding assumptions.
Choose the rate that matches your actual bank offer
FD and RD returns depend heavily on the tenure, bank, and customer category you qualify for. This calculator is most useful when you plug in the exact quoted rate from your bank instead of relying on a generic market number.
FD vs RD — Which Investment is Better?
If you have a lump sum of money, a Fixed Deposit (FD) is almost always better because the entire amount earns interest from the first day. A Recurring Deposit (RD) is designed for those who want to save monthly. While the interest rates are often identical, the total interest earned is lower in RD because the full amount isn't invested for the entire duration.
Understanding FD Taxation and TDS
Interest earned on Fixed Deposits is added to your total income and taxed at your applicable slab rate. Banks in India are required to deduct 10% TDS (Tax Deducted at Source) if your total interest income across all branches of the bank exceeds ₹40,000 in a financial year. For senior citizens, this limit is ₹50,000. You can use Form 15G or 15H to prevent TDS if your total income is below the taxable limit.
Compounding Magic: Quarterly vs Monthly
Our FD/RD maturity calculator allows you to choose between quarterly, monthly, half-yearly, and annual compounding. Most bank FDs in India use Quarterly Compounding, which results in an 'Effective Annual Yield' that is slightly higher than the stated nominal interest rate.