FD / RD Calculator
Compare Fixed Deposit and Recurring Deposit returns. Toggle between side-by-side, FD-only, or RD-only views.
Investment Details
RD monthly deposit: ₹1,667
Recurring Deposit (RD)
Monthly deposit: ₹1,667
Maturity Value
₹1,18,744
About FD / RD Calculator
Fixed Deposit (FD) and Recurring Deposit (RD) calculators help you compare how bank or post-office style deposits grow when you lock a lumpsum (FD) or save a fixed amount every month (RD). EnrichReturns shows both side by side for the same rate and tenure so you can match the product to how cash actually arrives in your account.
What FD and RD mean
An FD invests a lumpsum for a fixed tenure at a quoted rate. An RD invests a fixed monthly instalment — useful when you save from salary. Both are debt-style products with defined tenures; rates and premature-withdrawal rules vary by bank.
How this calculator works
FD mode: enter principal, annual rate, years, and compounding frequency (quarterly is common for many bank FDs). RD mode: enter monthly deposit, rate, and years. Compare maturity value and interest earned for each.
Formula / methodology
FD uses compound interest: A = P × (1 + r/n)^(n×t), where n is compounding periods per year. RD accumulates monthly deposits with interest as implemented in the calculator — treat the output as an illustration against your bank’s exact day-count rules.
Worked example
₹5 lakh in an FD for 5 years at 7% with quarterly compounding grows more than the same total saved via RD if the RD only builds principal gradually — because the full FD amount compounds from day one.
If you do not have the lumpsum yet, RD (or a short RD into an FD ladder) is usually the practical path. Senior-citizen rates, when available, should be entered explicitly.
Assumptions and limitations
Does not model TDS, premature-break penalties, auto-renewal, or special FD variants. Quoted “up to” bank rates on posters may require specific tenures or relationships. Confirm the deposit advice on your bank’s site.
Frequently Asked Questions
- What is the difference between FD and RD?
- FD is a lumpsum deposit. RD invests a fixed amount every month. Both earn bank/post-office interest for a set tenure.
- Which usually grows more for the same total savings?
- If you already have the full amount, FD often compounds on the entire principal sooner. RD suits monthly savers.
- Is FD interest taxable?
- Yes for most bank FDs, as per your slab (TDS may apply). Compare with tax-free options like PPF when relevant.
- What compounding does this FD use?
- The FD mode uses quarterly compounding by default, which is common for many bank FDs.
- Can senior citizens get higher rates?
- Often yes. Enter the senior-citizen rate your bank quotes for a fairer comparison.