FD & RD Calculator
Calculate Fixed Deposit and Recurring Deposit maturity amounts with interest breakdown.
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Maturity Amount
₹1,23,143.93
After 3 yr
Invested
₹1,00,000.00
Interest Earned
₹23,143.93
* For informational purposes only. Not financial or investment advice. Consult a certified financial advisor before making financial decisions.
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About this tool
How to use FD & RD Calculator
- 1Switch between FD (Fixed Deposit) and RD (Recurring Deposit) tabs
- 2For FD: Enter principal, interest rate, tenure (years + months), and compounding frequency
- 3For RD: Enter monthly deposit amount, interest rate, and tenure in months
- 4View maturity amount, total interest earned, and principal breakdown
Frequently Asked Questions
What is the current FD interest rate in India?
FD rates in India (2025) range from 5.5% to 8.5% depending on the bank and tenure. Small finance banks often offer higher rates (7–9%) while PSU banks offer 6–7.5%.
How is RD interest calculated?
RD uses quarterly compounding. The standard formula is: Maturity = R × [(1+i)^(n+1) − (1+i)] / i, where R is monthly deposit, i = quarterly rate (annual rate ÷ 400), and n = quarters.
Is FD interest taxable?
Yes. FD interest is fully taxable as per your income tax slab. Banks deduct TDS at 10% if interest exceeds ₹40,000/year (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if not taxable.
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