FD / RD Calculator

Compute Fixed Deposit maturity and Recurring Deposit pipelines easily

Flat tax rate applied against total interest earned across FD / RD
No
Yes (+0.5%)
No
Yes (+0.5%)

FD Projection

₹0
Gross Maturity Amount
₹0 Net Maturity (Post-Tax)
₹0 Estimated Tax (TDS)
₹0 Total Principal Invested
₹0 Total Interest Earned

FD / RD Calculator: Maximize Your Safe Returns

Fixed Deposits (FDs) and Recurring Deposits (RDs) remain the bedrock of safe investing in India. While they offer guaranteed returns, calculating exact maturity amounts—especially when factoring in varying compounding frequencies and TDS tax deductions—can be complex. Our free tool provides precision planning for both lump-sum and monthly investments.

How Does the FD / RD Calculator Work?

Simply toggle between the ‘Fixed Deposit’ and ‘Recurring Deposit’ tabs based on your investment style. Enter your principal amount (lump-sum or monthly), the bank's offered interest rate, and your tenure. Our calculator supports multiple compounding intervals including Quarterly (the standard for most Indian banks), Half-Yearly, and Yearly. We instantly generate your maturity corpus and display a detailed amortization schedule to track your interest buildup.

Understanding TDS on Fixed Deposits

A critical factor often ignored in standard calculators is taxation. In India, if your annual interest income exceeds ₹40,000 (₹50,000 for senior citizens), the bank automatically deducts a 10% TDS (Tax Deducted at Source). Our built-in tax calculator allows you to input your exact tax slab to see your true, post-tax net returns, preventing unpleasant surprises at maturity.

Frequently Asked Questions

What is the difference between a Fixed Deposit (FD) and a Recurring Deposit (RD)?

In a Fixed Deposit, you invest a lump sum amount once for a fixed tenure. In a Recurring Deposit, you invest a fixed amount regularly (usually monthly) over a specified tenure. Both offer guaranteed returns, but FDs yield slightly higher overall interest on the same total principal because the entire amount compounds from day one.

How is TDS calculated on Fixed Deposits in India?

Banks deduct Tax Deducted at Source (TDS) at 10% if your interest income across all branches of a bank exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). If you don't provide a PAN card, TDS is deducted at 20%.

Can I avoid TDS deduction on my FD/RD?

Yes, if your total annual income is below the taxable limit, you can submit Form 15G (or Form 15H for senior citizens) to your bank, declaring your income status and requesting them not to deduct TDS.

Which compounding frequency is better: Quarterly or Yearly?

Quarterly compounding yields higher returns than yearly compounding because the interest earned in the first quarter starts earning its own interest in the subsequent quarters.

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For educational & learning purposes only. Results are indicative estimates based on the inputs you provide. This tool is not financial advice and is not affiliated with or endorsed by SEBI, RBI, AMFI, or any regulatory body. Past performance of any investment does not guarantee future returns. Please consult a SEBI-registered investment adviser before making any investment or financial decision. 🔒 Personalised goal tracking & saved scenarios — coming soon for logged-in users