FD & RD Calculator (Fixed & Recurring Deposit)

Compute bank FD (lump-sum) and RD (monthly installment) maturity values using quarterly IBA compounding conventions.

Fixed Deposit (FD) Maturity Value
USD 248,109.40
Total interest earned: USD 48,109.40 (Effective yield: 7.45% p.a.)
Total Principal Deposited USD 200,000.00
Total Interest Earned USD 48,109.40
Effective Annual Yield 7.45%
Deposit Tenure 36 months (3 yrs)
Inputs
Amounts are treated in the selected currency; no foreign-exchange conversion is applied.
Select lump-sum FD or monthly RD.
₹ INR
Principal lump sum for FD, or monthly installment for RD.
% p.a.
Bank card rate (senior citizens typically receive +0.50%).
months
Duration in months (e.g., 12, 24, 36, 60 months).
Indian cumulative FDs and RDs compound quarterly.
Results & Graph
Fixed Deposit (FD) Maturity Value
USD 248,109.40
Total interest earned: USD 48,109.40 (Effective yield: 7.45% p.a.)
Total Principal Deposited
USD 200,000.00
Total Interest Earned
USD 48,109.40
Effective Annual Yield
7.45%
Deposit Tenure
36 months (3 yrs)

Principal vs. Interest Earned at Maturity

FD composition over 36 months
Graph 1 • Principal vs. Interest Earned at Maturity FD composition over 36 months
Principal Deposited: 200,000 USDInterest Earned: 48,109 USD Principal Deposited 200,000 USD Interest Earned 48,109 USD
Graph 2 • Proportional Share Ring Net vs. tax/interest share
TOTAL 248.1k Principal Deposited 200.0k (80.6%) Interest Earned 48.1k (19.4%)
Graph 3 • Projected Payout / Corpus Across Service & Tenure Horizons Statutory benchmark comparison across brackets or years
0 391.5k 783.0k 5 Yrs: 145,000 145.0k 5 Yrs 10 Yrs: 290,000 290.0k 10 Yrs 15 Yrs: 435,000 435.0k 15 Yrs 20 Yrs: 580,000 580.0k 20 Yrs 25 Yrs: 725,000 725.0k 25 Yrs
Summary: Principal deposited is USD 200,000.00 and interest earned is USD 48,109.40.
Summary: A Fixed Deposit of USD 200,000.00 for 36 months at 7.25% p.a. (compounded 4×/year) matures at USD 248,109.40, generating USD 48,109.40 in guaranteed interest.
⚡ Send result to: PPF Calculator →SIP Calculator →Compound Interest →
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Formula & Mathematical Methodology: Quarterly Compounded FD & RD Maturity Formula

FD Maturity:   A = P × (1 + r4)4t,   EAR = (1 + rm)m − 1
FD: A = P × (1 + r / 4)^(4 × t); Effective Annual Rate = (1 + r / m)^m − 1
  • P: Deposit principal
  • r: Annual nominal interest rate (decimal)
  • t: Tenure in years (Months ÷ 12)

Rounding: Rounded to 2 decimal places.

Worked Example: ₹2,00,000 Fixed Deposit at 7.25% p.a. for 36 Months (Quarterly Compounding)

A saver places ₹2,00,000 in a 3-year cumulative bank FD at 7.25% compounded quarterly (12 quarters).

  1. Quarterly rate = 7.25% ÷ 4 = 1.8125% (0.018125).
  2. Maturity Value = ₹2,00,000 × (1.018125)^12 = ₹2,48,109.40.
  3. Total interest earned = ₹48,109.40 (Effective annual yield = 7.45%).
Result: Maturity value is ₹2,48,109.40 with ₹48,109.40 in interest.

Frequently Asked Questions

Why is the Effective Annual Yield higher than the nominal FD rate?

Because interest is credited every quarter and earns interest in subsequent quarters. A 7.25% rate compounded quarterly yields an effective annual return of 7.45%.

Finance & Investing · Bank Deposits & Guaranteed Returns

FD & RD Calculator (Fixed & Recurring Deposit): inputs, method, and how to read the result

Compute bank FD (lump-sum) and RD (monthly installment) maturity values using quarterly IBA compounding conventions.

Choose inputs for the case you are checking

The defaults are illustrative. Replace them with values for your case and keep the units shown beside each field.

  • Display Currency: Amounts are treated in the selected currency; no foreign-exchange conversion is applied.
  • Deposit Scheme Type: Select lump-sum FD or monthly RD.
  • Deposit Amount (Lump Sum or Monthly): Principal lump sum for FD, or monthly installment for RD.
  • Nominal Annual Interest Rate: Bank card rate (senior citizens typically receive +0.50%).

What the calculation includes

With the default values shown, Fixed Deposit (FD) Maturity Value is USD 248,109.40. The calculation follows Quarterly Compounded FD & RD Maturity Formula; the formula and variable definitions above show how the inputs combine.

One-input check: With the other defaults held constant, changing Deposit Scheme Type from Fixed Deposit (FD: One-Time Lump Sum) to Recurring Deposit (RD: Monthly Deposit) changes Fixed Deposit (FD) Maturity Value (USD 248,109.40) to Recurring Deposit (RD) Maturity Value (USD 8,058,961.65). This is a comparison inside the calculator's stated model, not a prediction.

Where to use caution

  • Cumulative reinvestment option where interest remains in the deposit until maturity.
  • Pre-tax estimate; bank TDS applies in India when annual FD/RD interest exceeds statutory thresholds (₹40,000 regular / ₹50,000 senior citizens).

Scope: India (IBA Quarterly Compounding Norm) & Global Check the assumptions and limitations against your situation before relying on the estimate.

More in Finance & Investing: PPF Calculator (Public Provident Fund), SIP Calculator (Systematic Investment Plan), Compound Interest Calculator.