Deposit Calculator
This Deposit Calculator helps you estimate the maturity value and interest earnings for Fixed Deposits (FD) and Recurring Deposits (RD). It is designed to provide a simple way to understand how your savings can grow over time based on deposit amount, interest rate, and tenure.
Whether you are planning a one-time lump sum investment through a Fixed Deposit or making regular monthly contributions via a Recurring Deposit, this calculator gives quick and clear results. All calculations are performed instantly in your browser without storing any personal or financial data, ensuring privacy and ease of use.
How This Deposit Calculator Works
- Select the type of deposit: Fixed Deposit (FD) or Recurring Deposit (RD).
- Enter the deposit amount, interest rate, and tenure.
- Choose the compounding frequency (for Fixed Deposits).
- Click “Calculate Maturity” to view the results.
Understanding Fixed and Recurring Deposits
A Fixed Deposit (FD) is a one-time investment where a lump sum is deposited for a fixed period at a predetermined interest rate. The interest is usually compounded quarterly by banks, and the total amount is paid at maturity.
A Recurring Deposit (RD) allows individuals to invest a fixed amount every month for a specific tenure. Interest is calculated on each installment and compounded over time, making it suitable for disciplined savings.
When to Use This Deposit Calculator
This calculator is useful for individuals planning savings, comparing FD and RD options, or estimating potential returns before opening a deposit account. It can help students, salaried professionals, and long-term planners make informed decisions based on expected maturity values.
Deposit Calculator
Fixed Deposit & Recurring Deposit Calculator – Calculate returns for lump sum or periodic savings.
Most banks compound FD interest Quarterly.
*RD interest is generally compounded quarterly but calculated here using the simpler monthly compounding method for better estimates.
Usage Notes
The results provided by this Deposit Calculator are estimates based on the input values and standard calculation formulas. Actual returns may vary depending on bank policies, tax implications, and changes in interest rates. This tool is for informational purposes only and does not constitute financial advice.