Calculate Fixed Deposit and Recurring Deposit maturity with Indian bank rates, senior citizen bonus, and TDS info.
What is FD & RD Calculator?
Plan your fixed deposit or recurring deposit with our comprehensive FD/RD calculator. Supports multiple compounding frequencies (monthly, quarterly, half-yearly, yearly), senior citizen rate bonus (+0.5%), TDS calculation for interest above ₹40,000, and comparison across major Indian bank rates (SBI, HDFC, ICICI, PNB, Axis). Includes growth chart, interest comparison grid, and tax-saving FD guidance under Section 80C.
How to Use
Choose FD or RD tab
Enter deposit amount, interest rate, and tenure
Select compounding frequency (FD) and toggle senior citizen if applicable
View maturity amount, growth chart, and interest comparison at different rates
Check TDS implications and compare rates across major Indian banks
Frequently Asked Questions
What is the difference between FD and RD?
FD (Fixed Deposit) is a lump sum deposited once. RD (Recurring Deposit) is a fixed amount deposited every month. Both earn compound interest.
Do senior citizens get higher rates?
Yes, most Indian banks offer 0.25-0.50% higher interest rates for senior citizens (60+ years). Toggle the senior citizen option to see the difference.
What is TDS on FD interest?
Banks deduct 10% TDS if your annual FD interest exceeds ₹40,000 (₹50,000 for seniors). Submit Form 15G/15H to avoid TDS if your total income is below taxable limits.
Which compounding frequency gives the best returns?
Monthly compounding gives slightly higher returns than quarterly or yearly, because interest earns interest more frequently.
Are tax-saving FDs different?
Tax-saving FDs have a 5-year lock-in and qualify for deduction under Section 80C (up to ₹1.5L per year). Interest is still taxable.
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