FD & RD Calculator
See exactly what your fixed or recurring deposit will be worth at maturity, the way banks and the post office calculate it.
- Your data never leaves your device
- 100% free
- No sign-up
- Works offline after first load
How to use the FD & RD calculator
- Choose fixed or recurring deposit.
- Enter the amount, rate and tenure.
- See the maturity amount and interest.
About FD & RD Calculator
Calculate fixed deposit and recurring deposit maturity.
It works in your browser, so it is instant and private, and your details are remembered on this device.
Good for
- Comparing bank FD rates
- Planning recurring savings
- Checking the interest after tax
Tip: Compare the effective yield, not just the rate — monthly compounding earns a little more than quarterly.
Frequently asked questions
How do banks calculate FD interest?
Most Indian banks compound FD interest quarterly: maturity = P × (1 + r/4)^(4t). Choose another compounding if your bank uses it.
How is RD maturity calculated?
Each monthly instalment earns interest compounded quarterly for the time it stays deposited — the method banks and the post office use.
Is FD interest taxable?
Yes — it is added to your income and taxed at your slab rate. Enter your slab to see the interest after tax. Banks deduct TDS above the yearly limit unless you submit Form 15G / 15H.
Do senior citizens get more?
Usually about 0.25–0.5% extra — enter the senior rate offered by your bank.
Is TDS deducted on FD interest?
Banks deduct 10% TDS when the interest they pay you in a year exceeds ₹50,000 (₹1,00,000 for senior citizens) from FY 2025-26. Submit Form 15G or 15H if your income is below the taxable limit.
How is monthly interest payout calculated?
Banks pay a discounted monthly amount equal to the quarterly interest spread over three months, so it is slightly less than one twelfth of the yearly interest.
Is my data stored or sent anywhere?
No. Everything is calculated in your browser. Your recent calculations are kept only in this browser (History), and a shared link contains just the numbers you entered.