RD & FD Calculator

Compare returns on your Recurring Deposit (RD) and Fixed Deposit (FD). Calculate maturity amounts with quarterly compounding interest instantly with AP Tools.

Monthly Deposit

₹

Interest Rate (p.a)

Time Period

Total Value ₹0

Invested Amount ₹0

Wealth Gained (Interest) ₹0

MATURITY AMOUNT ₹0

Yearly Growth Breakdown

Year No.	Total Invested	Interest Gained	Maturity Balance

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RD & FD Calculator – Safe Investment Planning

Fixed Deposits (FD) and Recurring Deposits (RD) are the safest investment options in India, offering guaranteed returns. While FD requires a lump sum amount, RD allows you to save small amounts monthly.

This calculator uses the Quarterly Compounding formula used by most Indian banks (SBI, HDFC, ICICI, etc.) to give you precise maturity estimates.

How is Maturity Amount Calculated?

Indian banks typically use the Quarterly Compounding formula for both Fixed Deposits (FD) and Recurring Deposits (RD). This means your interest earns further interest every 3 months.

A = P × (1 + R/400) ^ (4N)

P (Principal) — The amount you deposit (Lump sum for FD, Monthly for RD).

R (Rate) — The annual interest rate offered by your bank.

N (Time) — The duration of the deposit in years.

A (Amount) — The final maturity value including earned interest.

Investment Tips

Senior Citizens: Banks usually offer 0.50% extra interest to senior citizens. Ensure you check those rates.

TDS on Interest: If interest income exceeds ₹40,000 (₹50k for seniors) in a financial year, banks deduct 10% TDS. Submit Form 15G/15H to avoid this if your income is below taxable limit.

Premature Withdrawal: Breaking an FD/RD before maturity usually attracts a penalty of 0.5% to 1% on the interest rate.

Accurate Bank Formulas

We use the exact quarterly compounding logic used by major Indian banks (SBI, HDFC, ICICI), unlike simple interest calculators.

Compare Growth

Easily switch between RD and FD modes to see which investment strategy yields better returns for your budget.

Yearly Breakdown

Visualize how your wealth grows year by year. See the "Power of Compounding" effect clearly in the breakdown table.

PDF Report

Download a detailed investment summary to plan your financial goals or submit as proof for future planning.

How is RD interest calculated?

RD interest is compounded quarterly. The first installment earns interest for the full term, the second for (N-1) months, and so on. Our calculator does this complex math for you.

Is FD better than RD?

If you have a lump sum amount, FD is better as the entire amount earns interest for the full period. If you want to save from your monthly salary, RD is ideal.