FD and RD Calculator – Fixed Deposit, Recurring Deposit Calculator Online

What are FD and RD calculators?

An FD and RD calculator is a tool that helps you calculate the interest and maturity amount of your fixed deposit (FD) or recurring deposit (RD) investments. FD and RD are types of term deposits that offer a fixed rate of interest for a specified period. The difference between them is that in FD, you deposit a lump sum amount at once, while in RD, you deposit a fixed amount every month.

How can it help you?

An online FD calculator simplifies the process of finding out the maturity amount of an FD. Instead of doing complex calculations manually, you can get the exact figures with a few clicks.

FD calculator takes into account various factors, such as the principal amount, the interest rate, the tenure, and the compounding frequency, to calculate the maturity amount and the interest earned on an FD. It saves you a lot of time and effort on these calculations.

FD calculator also helps you to compare different FD schemes offered by various banks and financial institutions. You can see the difference in the maturity amount and the interest rate of each scheme and choose the one that suits your needs best.

The formula for calculating FD and RD

To calculate the maturity amount of an FD, you need to know whether it is a simple interest FD or a compound interest FD. Simple interest FD pays interest only on the principal amount, while compound interest FD pays interest on both the principal and the accumulated interest. You can use online calculators for both types of FD.

The Formula for simple interest FD is:

M = P + (P x r x t/100)


M is the maturity amount

P is the principal amount

r is the annual interest rate

t is the tenure in years

The Formula for Compound Interest FD is:

M = P x (1 + i/100)^t Where:

M is the maturity amount

P is the principal amount

i is the interest rate per period

t is the number of periods.

How to use the FD & RD calculator

To use an FD calculator, you need to follow these steps:

  • First, select the type of customer you are, such as below 60 years of age or senior citizen.
  • Next, enter the amount you want to invest.
  • Then, enter the duration of your FD.
  • Finally, choose how often you want to receive the interest payout, such as at maturity, monthly, quarterly, half-yearly, or yearly.

Fixed Deposit

Fixed Deposit Value:

Recurring Deposit

Recurring Deposit Value:

Advantages of FD & RD calculator

  • Calculates interest accurately for informed investment decisions.
  • Saves time by automating complex interest computations.
  • Allows quick assessment of different deposit scenarios.
  • Provides a clear breakdown of returns for transparency.
  • Aids in effective financial planning for future goals.
  • Facilitates easy comparison with other investment options.
  • Delivers immediate results for better decision-making.
  • Offers a user-friendly interface for intuitive use.
  • Helps in selecting the best-suited FD scheme for investment.
  • Encourages disciplined investment and reinvestment strategies.


Fixed deposits are a safe and secure way of earning a fixed rate of interest for a specified period. By using an FD calculator, you can find out the interest amount and the maturity amount of your fixed deposit based on the principal amount, the interest rate, the tenure, and the compounding frequency. You can also compare different fixed deposit schemes offered by various banks and financial institutions and choose the best one for your financial goals and needs. An FD calculator is free of cost and can be used online anytime. FD calculators can help you to make smart and informed decisions about your fixed deposit investments.

FAQs – FD and RD Calculator

1. What is an RD (Recurring Deposit) calculator?

Ans. An RD calculator is a tool that helps calculate the maturity amount and interest accrued on a recurring deposit, considering factors such as monthly installment, tenure, and interest rate.

2. How can an FD calculator help with financial planning?

Ans. An FD calculator allows users to experiment with different deposit amounts and tenures to plan their investments better and achieve specific financial goals.

3. Can an FD calculator handle varying interest rates?

Ans. Yes, most FD calculators are designed to accommodate changes in interest rates and allow users to assess how fluctuations can impact their returns.

4. Is an FD calculator useful for comparing FDs from different banks?

Ans. An FD calculator helps compare and choose the best-suited FD scheme by considering interest rates, tenure, and potential returns across various financial institutions.

5. Can an RD calculator assist in deciding the monthly installment for a recurring deposit?

Ans. Yes, an RD calculator can help determine the required monthly installment to achieve a desired maturity amount within a specified tenure and interest rate.

6. Is an FD calculator available online?

Ans. Yes, FD calculators are readily available on financial websites, banking platforms, and mobile applications. These provide easy access for anyone looking to calculate potential returns on their fixed deposits.

7. Is an FD calculator suitable for short-term investments?

Ans. Yes, an FD calculator can be used to assess the returns for short-term fixed deposits. It allows you to customize your investment according to your needs.

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