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Calculate the maturity amount and interest earned on a Fixed Deposit (FD) or a Recurring Deposit (RD), based on the deposit amount, interest rate, tenure and compounding frequency.
Results are estimates for planning. For exact figures specific to your situation, speak with our Chartered Accountants.
This calculator gives an estimate only and is not a substitute for professional advice — talk to our team for exact figures specific to your situation.
For a fixed deposit with compounding, maturity is calculated as:
A = P × (1 + r/n)n×t
where P is the principal, r the annual rate, n the compounding frequency per year (4 for quarterly) and t the tenure in years. For a recurring deposit, each monthly instalment is compounded for the period it remains invested.
Have a question about your own case? Call us on +91-141-3012220.
Yes. Interest is added to your income and taxed at your slab rate. Banks deduct TDS when interest exceeds the prescribed threshold unless a valid declaration is submitted where eligible.
An FD is a one-time lump-sum deposit; an RD involves fixed monthly deposits over the tenure.
Most banks compound FD interest quarterly. Check your bank’s terms.
Eligible individuals whose total income is below the taxable limit may submit Form 15G (or 15H for senior citizens) to the bank.
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Calculators give estimates only. Our CAs can compute your exact tax and compliance position.