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FD & RD Calculator
Maturity value and interest for a fixed deposit (one-time) or a recurring deposit (monthly).
FD vs RD
A fixed deposit locks a single lump sum for a set term and pays compound interest, typically credited quarterly. A recurring deposit takes a fixed amount every month for the term — better when you're saving from a salary rather than parking a windfall.
How interest is figured
This tool compounds an FD quarterly using M = P × (1 + r/4)^(4×years). For an RD, each monthly instalment earns interest for the months it stays invested, so the earlier deposits grow more than the later ones.
Note: banks differ slightly in compounding and day-count, and interest is taxable in your slab with TDS above the annual threshold. Treat this as a close estimate.