FD & RD Calculator

Overview

Calculate the maturity value of a Fixed Deposit (a lump sum invested for a fixed term) or a Recurring Deposit (a fixed amount deposited every month), both compounded quarterly — the convention most banks use.

How it's calculated

Fixed Deposit: standard compound interest on the lump sum, compounded quarterly.

Recurring Deposit: simulated month by month — each month's deposit is added to the balance, and the balance grows at the equivalent monthly rate of your quarterly-compounded annual rate. This models the same quarterly-compounding convention banks use for RDs, applied consistently across every month.

How to use this calculator

1. Choose Fixed Deposit or Recurring Deposit.
2. Enter the deposit amount (lump sum for FD, monthly amount for RD), annual interest rate, and tenure.
3. See the maturity value and total interest earned instantly.

Note

Actual bank maturity values may differ slightly based on each bank's exact rounding and compounding conventions — use this as a close estimate, and confirm with your bank for the exact figure.