FD / RD Calculator – Fixed & Recurring Deposit Calculator India
Calculate the exact maturity amount and interest earned for Fixed Deposits (FD) or Recurring Deposits (RD). Supports quarterly compounding and TDS deduction.
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About FD / RD Calculator
Calculate the exact maturity amount and interest earned for Fixed Deposits (FD) or Recurring Deposits (RD). Supports quarterly compounding and TDS deduction.
Frequently Asked Questions
What is the difference between FD and RD?
In an FD, you deposit a lump sum once. In an RD, you deposit a fixed amount every month. Both earn interest, but FDs typically offer slightly higher rates.
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. If interest exceeds ₹40,000 per year (₹50,000 for senior citizens), TDS at 10% is deducted.
How is RD interest calculated?
RD uses quarterly compounding: Maturity = P × [(1 + r/4)^(4n) − 1] / [1 − (1 + r/4)^(−1/3)], where P = monthly deposit, r = annual rate, n = tenure in years.
Is this calculator free?
Yes, 100% free. Works entirely in your browser.