FD / RD Calculator
Calculate Fixed Deposit & Recurring Deposit maturity with TDS
Disclaimer
Interest rates vary by bank. TDS is deducted if interest exceeds ₹40,000 in a financial year.
Fixed Deposit & Recurring Deposit Calculator
Calculate maturity amount and interest earned on FD and RD investments.
Safe & Guaranteed Returns
Fixed interest rate with no market risk
Higher Returns than Savings
Interest rates typically 4-8% depending on tenor
Flexible Tenure
Choose from 7 days to 10 years maturity period
Pro Tips
- FD: Lump sum investment at fixed rate for set period
- RD: Regular monthly investment with guaranteed returns
- Senior citizens get higher rates (typically 0.5% extra)
- TDS deducted if interest exceeds ₹40,000 annually
- Premature withdrawal may attract penalty
Quick Example
Important Notes
• DEPOSIT INSURANCE: Both FD and RD are covered under DICGC up to ₹5 lakhs per bank
• TDS Implications: Deducted at 40% if annual interest > ₹40,000 (can be lower with PAN)
• Premature Withdrawal: FD can be withdrawn early but may incur penalty (0.5-1% reduction)
• Senior Citizen Benefits: Typically 0.5% higher interest rate
• RD Lock-in: Varies by bank, usually 3 months to 10 years
Frequently Asked
What's the difference between FD and RD?
FD is a lump sum investment at fixed rate. RD is regular monthly investment. RD builds discipline through regular savings.
Can I withdraw FD before maturity?
Yes, but premature withdrawal typically attracts a penalty of 0.5-1% on the interest earned.
How is FD interest taxed?
Interest is taxable income. TDS at 40% is deducted if interest > ₹40,000/year (lower rate with PAN).
Is my FD safe?
Yes, FD is covered under DICGC deposit insurance up to ₹5 lakhs per bank per depositor.
What happens if the bank fails?
You'll get back up to ₹5 lakhs including principal and accrued interest through DICGC.
Need expert help filing your taxes?
Our CA team at Pathak Associates is ready to assist you.