See exactly what your deposit becomes. Choose a fixed deposit (one amount) or a recurring deposit (a fixed sum every month), type the interest rate and the period in years and months, and pick how often interest is added: every quarter, as most Indian banks do, monthly, half-yearly, yearly or paid out. You get the maturity value, total deposited, interest earned and a year-by-year table, in any currency.
loading toolHow to calculate FD and RD returns
- Type your numbers in the boxes (pick your currency or units if asked).
- The answer updates as you type: no button to press.
- Copy the result, or share it on WhatsApp with one tap.
Good to know
- Senior citizens usually get 0.25–0.5% extra: type the higher rate.
- Choosing “Paid out” shows simple interest, as in monthly or quarterly income FDs.
- In India, DICGC insures up to ₹5 lakh per depositor per bank, interest included.
Questions
How do banks calculate RD interest?
Most Indian banks add interest every quarter. Each monthly instalment earns interest for the months it stays in the account, so the first instalment earns for the whole period and the last for one month. The calculator adds up every instalment this way, matching bank RD tables closely.
Why is my bank’s figure a few rupees different?
Banks round at each quarter, count exact days for some deposits, and treat short periods slightly differently. Expect differences of a few rupees, not more.
Is FD interest taxable?
Yes, it is added to your income and taxed at your slab rate. In India banks deduct TDS when your interest in a year crosses the limit in the current Budget (higher for senior citizens), unless you give Form 15G or 15H when eligible.
Is my data private?
Yes. Everything happens inside your own browser: nothing you type or choose is uploaded to us or anyone else.
Is it free?
Completely free, with no sign-up, no watermark and no limit on how many times you use it. Light ads keep the site running.
