Free FD & RD Calculator India – Fixed Deposit Maturity (2026)
Calculate your Fixed Deposit and Recurring Deposit maturity amount instantly. Choose compounding frequency, compare bank rates, and see interest earned — all free, private, and in your browser.
Use Free FD Calculator →What Does the FD & RD Calculator Do?
The Smartfoliotools FD/RD Calculator helps you calculate the maturity amount and interest earned on Fixed Deposits and Recurring Deposits in India. For Fixed Deposits, you can choose from multiple compounding frequencies — quarterly, monthly, half-yearly, or annually — to see exactly how your money grows. For Recurring Deposits, the calculator computes total deposits and maturity value using standard quarterly compounding used by Indian banks.
You can set custom deposit amounts, interest rates, and tenure up to 10 years. This makes it easy to compare FD rates across banks like SBI, HDFC Bank, ICICI Bank, and post office schemes. The calculator displays your principal deposited, interest earned, and total maturity amount with a clear visual pie chart. All calculations are instant, completely private, and run entirely in your browser — no data is stored or transmitted. Whether you're a senior citizen checking FD returns, a conservative investor, or simply comparing bank deposit schemes, this tool gives you the clarity you need in seconds.
FD Maturity Calculator
Calculate lump-sum Fixed Deposit returns with quarterly, monthly, half-yearly, or annual compounding options.
RD Monthly Deposits
See total deposits and maturity amount for Recurring Deposits with standard quarterly compounding.
Visual Pie Chart
Instantly see the split between principal deposited and interest earned in an interactive pie chart.
Instant & Private
All calculations run in your browser. No data is collected, stored, or sent to any server. Completely free.
Compare Bank Rates
Adjust interest rates to compare returns across SBI, HDFC Bank, ICICI, and post office FD schemes.
Senior Citizen Friendly
Use the higher interest rates offered to senior citizens and instantly see the extra returns earned.
FD Interest Calculation Formula
Fixed Deposit interest in India is calculated using the compound interest formula. Understanding this formula helps you verify your bank's maturity calculations:
r = Annual Interest Rate (decimal) | n = Compounding Frequency per year
t = Tenure in Years | Interest Earned = A − P
📌 Example Calculation
Deposit ₹5,00,000 at 7.5% for 5 years with quarterly compounding:
- P = ₹5,00,000 | r = 0.075 | n = 4 | t = 5
- A = 5,00,000 × (1 + 0.075/4)4×5 = ₹7,24,974
- Interest Earned = ₹7,24,974 − ₹5,00,000 = ₹2,24,974
Ready to calculate your FD or RD maturity amount? Try it now — it's free!
Use Free FD Calculator →Frequently Asked Questions
FD interest in India is calculated using the compound interest formula: A = P(1 + r/n)nt, where P is the principal, r is the annual interest rate (in decimal form), n is the compounding frequency (4 for quarterly, 12 for monthly, 2 for half-yearly, 1 for annually), and t is the tenure in years. Most Indian banks, including SBI and HDFC Bank, use quarterly compounding as the default for Fixed Deposits. The total interest earned is calculated as A minus P (the original deposit amount).
For a ₹5,00,000 Fixed Deposit at 7.5% annual interest rate for 5 years with quarterly compounding (the standard in India), the maturity amount is approximately ₹7,24,974. This means you earn about ₹2,24,974 as interest on your ₹5 lakh deposit. The exact amount may vary slightly depending on the bank's specific compounding method and the exact number of days in the tenure.
A Fixed Deposit (FD) is a lump sum investment made once at the start, while a Recurring Deposit (RD) allows you to invest a fixed amount in monthly instalments over the tenure. Both earn compound interest and are offered by banks and post offices. FDs typically offer slightly higher rates and suit those with a lump sum. RDs are ideal for salaried individuals who want to save a fixed amount every month. Both are low-risk, guaranteed-return investment options in India.
Yes, most banks in India offer 0.25% to 0.50% extra interest on Fixed Deposits for senior citizens (aged 60 years and above). Some Small Finance Banks may offer an even higher premium. For example, if a bank offers 7.0% to regular customers, senior citizens may get 7.25%–7.50% on the same FD. This makes FDs one of the most attractive options for retirees seeking safe, predictable income. Use our calculator to compare returns with and without the senior citizen premium.
Yes, FD interest is fully taxable under "Income from Other Sources" in India. If your total FD interest income from a bank exceeds ₹40,000 per year (₹50,000 for senior citizens), the bank deducts TDS at 10% (if PAN is provided). Without PAN, TDS is deducted at 20%. You can submit Form 15G (or Form 15H for senior citizens) to avoid TDS if your total income is below the taxable limit. All interest income must be declared when filing your Income Tax Return (ITR).