FD & RD Calculator
FD / RD Calculator
Compute fixed-deposit maturity value with quarterly compounding (the actual standard Indian banks use). Switch to RD mode for monthly recurring deposits.
FD lumpsum / RD monthly installment
₹
typical: 6.5–7.5% (regular), +0.5% for seniors
% p.a.
years
Methodology. FD: A = P(1 + r/4)^(4n) — quarterly compounding (standard for Indian banks). RD: M = P × [(1+i)^n – 1]/(1–(1+i)^(–1/3)) — standard RD formula with quarterly compounding. Interest is taxable at slab rate (TDS @10% deducted by bank if interest exceeds ₹40K/year for non-seniors, ₹50K for seniors). Senior citizens get 0.5% rate boost at most banks.