Calculator

FD Calculator and RD Calculator

Find the maturity amount and interest on a fixed or recurring deposit, using the rate and tenure your bank offers.

Interest rate (% per year)

Use the rate your bank quotes today. 7% is only an example.

Tenure (months)

Interest compounding

Total invested

Interest earned

Maturity amount

Enter an amount and a tenure to see the maturity amount.

Estimate only. Banks round off and may count days exactly, so confirm with your bank. Interest is taxable and TDS may apply above the yearly limit.

About the FD and RD Calculator

The FD and RD Calculator works out the maturity amount and interest on a fixed deposit or a recurring deposit using the interest rate, tenure and compounding your bank offers. FD interest is compounded quarterly by default, and RD uses the quarterly method Indian banks quote. Check the exact figure with your bank.

FD and RD Calculator quick facts

FD compounding:

Quarterly by default

RD method:

The quarterly method Indian banks quote

Inputs:

Amount, interest rate, tenure and compounding

Limits:

Tenure up to 100 years and rate up to 100% a year

Note:

Banks may round differently, so check the exact figure with your bank

How to use the FD and RD Calculator

Choose Fixed Deposit or Recurring Deposit.
Enter the amount (or monthly deposit), interest rate and tenure.
Read the maturity amount and total interest earned.

How the maturity is calculated

For a fixed deposit, maturity = P × (1 + r ÷ (100 × n))^(n × t), where n is how many times interest is compounded each year; banks commonly compound quarterly. A recurring deposit adds a fixed amount every month, and each instalment earns interest for the months it stays in the account.

Worked examples

A ₹5 lakh FD at 7% for 3 years, compounded quarterly, matures at about ₹6,15,720. A recurring deposit of ₹1,000 a month for 12 months at 6% matures at about ₹12,395 on ₹12,000 deposited.

Tax on deposit interest

Interest is added to your income and taxed at your slab rate. Banks deduct TDS once your interest from them crosses a yearly limit, which has changed over time, so check the current limit. A five-year tax-saver FD can qualify for the 80C deduction under the old regime.

Common mistakes

Comparing deposits by stated rate without checking how often interest is compounded, forgetting tax on the interest, and breaking a deposit early without checking the penalty.

Frequently asked questions about the FD and RD Calculator

How is FD maturity calculated?

A = P × (1 + r/(100 × n))^(n × t), where P is the deposit, r the annual rate, n the number of compounding periods per year (4 for quarterly) and t the years.

Is FD interest compounded quarterly or yearly?

Most Indian banks compound FD interest quarterly for cumulative deposits. Some products compound differently, so you can change the compounding in the calculator.

How is RD maturity calculated?

Each monthly deposit earns interest for the months it stays in the account, compounded quarterly. The calculator uses the standard bank formula.

Is FD interest taxable?

Yes. Interest is added to your income and taxed at your slab rate, and banks deduct TDS once interest crosses a yearly limit. Check the current limit with your bank or the Income Tax Department.

Why does my bank show a slightly different amount?

Banks round figures at each step and may count the exact number of days, or credit interest on slightly different dates. Because of this, the maturity amount on your receipt can differ by a small amount from the calculator, which is best treated as a close estimate.

Is the interest rate guaranteed?

A fixed deposit rate is fixed for the term once you book it. The rate for a new deposit changes over time, so enter the rate your bank quotes today.

Free, no sign-up. Reviewed 15 October 2026 by the Gopafy team. See all free tools.