Rupeemeter

FD and RD calculator

Find the maturity value and interest on a fixed deposit or a recurring deposit, using the rate your bank or post office quotes.

Updated for FY 2026-27 (tax year 2026-27) ·

Use the rate your bank or post office quotes.

Maturity value

₹1,41,478

Effective yield 7.19% a year

Deposited

Interest

Maturity

  • Deposited₹1,00,000
  • Interest₹41,478
Interest is taxed at your slab rate₹41,478

What are FDs and RDs?

A fixed deposit locks a lump sum for a set period at a set rate. A recurring deposit takes a fixed amount every month for a set period. Both pay a known rate when you open them.

How to use this calculator

  1. Choose fixed or recurring deposit.
  2. Enter the amount (or monthly deposit), the rate and the period.
  3. For an FD, pick how often interest compounds.

How the calculation works

FD: A = P × (1 + r/n)n × t · RD: A = Σ R × (1 + r/4)4 × months held ÷ 12

Worked example

₹1 lakh FD for 5 years at 7% compounded quarterly matures at ₹1,41,478. ₹5,000 a month in an RD for 2 years at 7% matures at ₹1,29,099.

Effect of compounding frequency

₹1 lakh, 5 years, 7%.

CompoundingMaturity
Monthly₹1,41,763
Quarterly₹1,41,478
Half-yearly₹1,41,060
Yearly₹1,40,255
Not compounded₹1,35,000

Frequently asked questions

How is FD interest calculated?

Interest is added to the deposit at each compounding interval and then earns interest itself. More frequent compounding gives slightly more.

How is RD interest calculated here?

Each monthly instalment earns interest compounded quarterly for the months it stays deposited. Check your bank’s method; some differ.

Is FD and RD interest taxable?

Yes. It is added to your income and taxed at your slab rate.

What is the effective yield?

The yearly rate that, compounded once a year, gives the same maturity. It is higher than the quoted rate when interest compounds more often.