Fixed Deposit & Recurring Deposit Calculator
Fixed Deposit Results
Fixed Deposit (FD) & Recurring Deposit (RD) Calculator – Calculate Your Returns Easily
Our Fixed Deposit (FD) & Recurring Deposit (RD) Calculator helps you plan your savings effectively by calculating the maturity amount and interest earned on your deposits. Whether you’re planning for short-term goals or long-term wealth creation, this tool provides accurate projections for all major banks in India.
Key Benefits: Instantly compare returns from different tenures and interest rates, plan your investments better, and make informed financial decisions with our easy-to-use FD & RD calculator.
How to Use Our Fixed Deposit (FD) & Recurring Deposit (RD) Calculator
Select Deposit Type
Choose between Fixed Deposit (FD) or Recurring Deposit (RD) calculation based on your investment preference.
Enter Investment Details
Input the principal amount (for FD) or monthly installment (for RD), select the tenure in months/years, and enter the current interest rate.
Choose Interest Payout
Select whether you want interest compounded quarterly, monthly, or at maturity (for FD) to see different return scenarios.
View Results
Get instant calculation of maturity amount, total interest earned, and year-wise breakdown of your investment growth.
Why Use Our FD & RD Calculator?
Accurate Projections
Our calculator uses precise mathematical formulas to give you exact maturity values based on compound interest principles.
Compare Options
Easily compare returns from different banks and tenure periods to choose the best investment option for your needs.
Financial Planning
Plan your short-term and long-term financial goals by projecting your returns from safe investment instruments.
Understanding Fixed Deposits (FD) and Recurring Deposits (RD)
Fixed Deposit (FD)
A Fixed Deposit is a financial instrument where you invest a lump sum amount for a fixed tenure at a predetermined interest rate. FDs offer higher interest rates than regular savings accounts and are considered one of the safest investment options.
Recurring Deposit (RD)
A Recurring Deposit allows you to invest a fixed amount every month for a predetermined period. The total amount accumulates with interest and is paid at maturity. RDs are ideal for those who want to save small amounts regularly.
Key Features of Our Calculator
- Works for all major banks in India (SBI, HDFC, ICICI, Axis, etc.)
- Calculates both simple and compound interest
- Shows year-wise growth of your investment
- Compares returns from different interest payout options
- Mobile-friendly interface for calculations on the go
- No registration required – free to use anytime
Frequently Asked Questions
How is FD interest calculated?
FD interest is typically calculated using compound interest formula: A = P(1 + r/n)^(nt), where A is maturity amount, P is principal, r is annual interest rate, n is compounding frequency, and t is time in years.
Which gives better returns – FD or RD?
For the same interest rate and tenure, FD generally gives slightly better returns as the entire amount earns interest from day one. However, RD is better for those who can’t invest a lump sum but can save monthly.
Are the calculator results accurate?
Yes, our Fixed Deposit (FD) & Recurring Deposit (RD) Calculator uses standard banking formulas to provide accurate projections. However, actual returns may vary slightly based on the bank’s specific calculation methods.
Can I use this calculator for tax planning?
Absolutely! Our calculator helps you estimate your interest income which is taxable under ‘Income from Other Sources’. You can plan your investments to optimize tax liabilities.
Note: Interest rates change periodically. Always check current rates with your bank before making investment decisions. Our calculator provides projections based on the rates you input.