FD & RD Calculator

How to use the FD & RD calculator

Choose Fixed Deposit for a one-time lump sum or Recurring Deposit for a monthly saving habit. Enter the amount, your bank's yearly rate and the tenure. Maturity value, total invested and interest earned update instantly.

FD vs RD - which suits you?

• FD works when you already have a lump sum; the whole amount earns interest from day one.
• RD suits salaried savers; each month's deposit earns interest for a shorter period, so the same total invested grows a little less than an FD.

Method and sources

FD maturity uses compound interest A = P(1 + r/n)^nt with quarterly compounding as the default, matching the quarterly convention Indian banks publish for term deposits (State Bank of India: interest on a term deposit is payable quarterly - sbi.co.in). RD applies the same quarterly-compounded rate month by month; HDFC Bank documents quarterly compounding and the standard RD formula variables on its RD calculator page. Banks may round differently, so treat results as close estimates.

Good to know

Senior citizens usually get 0.25-0.75% higher rates. Rates vary by bank and tenure, so check your bank's current rate card before investing. This tool is an estimator, not financial advice.

Frequently asked questions