FD / RD Maturity Calculator
Calculate maturity amount and total interest earned on Fixed Deposits and Recurring Deposits from any Indian bank.
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How this calculator works
FD interest is compounded quarterly in most Indian banks. RD interest is compounded quarterly too, but on a monthly instalment basis. Interest earned on FDs is fully taxable as per your income slab — TDS is deducted at 10% if interest exceeds ₹40,000/year (₹50,000 for seniors).
FD Maturity = P × (1 + r/4)^(4n) | RD Maturity = R × [(1+r/4)^(4n) − 1] / (1 − (1+r/4)^(−1/3))
Last updated: March 2026 · Rates and slabs updated for FY 2025-26
Senior citizen bonus
Banks offer 0.25–0.75% extra interest rate to senior citizens (age 60+) on FDs.
Submit Form 15G/H
If your total income is below the taxable threshold, submit Form 15G (15H for seniors) to avoid TDS deduction.
Laddering FDs
Split a large lump sum across FDs of different maturities (1yr, 2yr, 3yr) for liquidity and rate optimisation.
Frequently Asked Questions
Banks offer 0.25–0.75% extra interest rate to senior citizens (age 60+) on FDs.
If your total income is below the taxable threshold, submit Form 15G (15H for seniors) to avoid TDS deduction.
Split a large lump sum across FDs of different maturities (1yr, 2yr, 3yr) for liquidity and rate optimisation.