FD & RD Calculator
100% Local Browser ProcessingFinance SuiteYearly Deposit Growth & TDS Amortization Schedule
Year-by-year principal deposited, interest earned to date, estimated TDS tax, and net post-tax maturity value.
| Year | Principal Deposited | Interest to Date | Gross Maturity | Est. TDS Tax | Net Post-Tax Value |
|---|---|---|---|---|---|
| Year 1 | ₹1,00,000 | +₹7,397 | ₹1,07,397 | −₹0 | ₹1,07,397 |
| Year 2 | ₹1,00,000 | +₹15,341 | ₹1,15,341 | −₹0 | ₹1,15,341 |
| Year 3 | ₹1,00,000 | +₹23,872 | ₹1,23,872 | −₹0 | ₹1,23,872 |
| Year 4 | ₹1,00,000 | +₹33,035 | ₹1,33,035 | −₹0 | ₹1,33,035 |
| Year 5 | ₹1,00,000 | +₹42,875 | ₹1,42,875 | −₹0 | ₹1,42,875 |
How to Calculate Bank FD & RD Interest Returns
Calculate exact quarterly compounded interest, senior citizen rate bonuses, Section 194A TDS tax deductions, monthly payout income, and post-tax maturity value in seconds.
Choose FD or RD Mode & Deposit Amount
Select between FD Lumpsum, RD Monthly Recurring, FD Monthly Payout (for regular income), or Target FD Goal Planner, and enter your deposit amount.
Set Rate, Compounding & Senior Citizen Bonus
Select bank interest rate presets (SBI, HDFC, ICICI, Post Office), choose compounding frequency (Quarterly, Monthly, Yearly), and toggle Senior Citizen +0.50% bonus.
Analyze Post-TDS Returns & Export CSV
View exact maturity value, total guaranteed interest, Section 194A TDS tax deduction estimate, real inflation purchasing power, and download the full schedule as CSV.
FD vs RD vs Post Office TD vs SCSS vs Mutual Fund SIP
Compare compounding frequencies, safety guarantees, TDS taxation limits, and ideal investor suitability across deposit options in India.
| Deposit Instrument | Compounding Frequency | Safety & Guarantee | TDS & Tax Rules | Ideal For |
|---|---|---|---|---|
| Bank Fixed Deposit (FD) | Quarterly Compounding | Very Low (DICGC Insured up to ₹5L) | 10% TDS (> ₹40k / ₹50k) + Income Tax Slab | Lumpsum investors seeking guaranteed fixed returns and safety. |
| Bank Recurring Deposit (RD) | Quarterly Compounding | Very Low (Guaranteed Returns) | 10% TDS (> ₹40k / ₹50k) + Income Tax Slab | Salaried individuals building disciplined savings each month. |
| Post Office Time Deposit (POTD) | Quarterly Compounded (Paid Annually) | Zero Risk (Sovereign Govt Guarantee) | 80C Benefit (5Y) / Taxed as per Slab | Conservative investors wanting 100% government sovereign backing. |
| Mutual Fund SIP (Equity) | Daily NAV Market CAGR | Moderate to High | LTCG 12.5% (> ₹1.25L) / STCG 20% | Long-term investors wanting to beat inflation over 5-15 years. |
| Senior Citizen Savings Scheme (SCSS) | Quarterly Payout (Non-cumulative) | Zero Risk (Government Scheme) | 80C Benefit / Taxed as per Slab | Retirees aged 60+ seeking high regular quarterly income payouts. |
Why Use Meema Tools FD & RD Calculator?
Engineered for high banking precision, quarterly compounding engine, Senior Citizen +0.50% rate booster, Sec 194A TDS calculation, and 100% browser confidentiality.
4 Flexible Modes
Supports FD Lumpsum, RD Monthly Recurring, FD Monthly Payout, and Target FD Goal Planner.
Senior Citizen +0.50% & TDS Engine
Includes senior citizen rate booster, Section 194A TDS tax estimation, and tax slab selector (10%, 20%, 30%).
Bank Interest Rate Presets
1-click presets for popular Indian banks (SBI 6.8%, HDFC 7.2%, ICICI 7.2%, Post Office 7.5%, Senior Citizen 7.7%).
Yearly Schedule & CSV Export
Inspect year-by-year principal, interest earned, TDS tax, and export 1-click CSV spreadsheet reports.
Frequently Asked Questions
About FD, RD & TDS Rules
Everything you need to know about quarterly compounding, Senior Citizen interest rates, Section 194A TDS deductions, Form 15G/15H, and monthly payout options.
100% Privacy Guaranteed
All deposit amounts, bank interest rates, and tax slab calculations run locally in your browser memory. Zero financial data is sent to external servers.
A Fixed Deposit (FD) requires a single one-time lumpsum investment deposited for a fixed tenure. A Recurring Deposit (RD) involves regular monthly contributions made over a chosen tenure. Both earn guaranteed bank interest rates with quarterly compounding in Indian banks.
In India, banks (like SBI, HDFC, ICICI) compound FD & RD interest quarterly (4 times a year). The formula is A = P × (1 + r/400)^(4t), where P is principal, r is annual interest percentage, and t is time in years.
Most Indian banks offer an additional 0.50% per annum (50 bps) interest rate for depositors aged 60 years and above. Our calculator has a 1-click Senior Citizen toggle to automatically add this bonus to your selected bank rate.
Under Section 194A of the Income Tax Act, banks deduct 10% TDS if your total FD/RD interest across a bank exceeds ₹40,000 in a financial year (₹50,000 for Senior Citizens). If Form 15G or 15H is submitted and your income is below taxable limit, zero TDS is deducted.
In Monthly Payout FD mode (Non-cumulative), interest earned is credited to your bank account every month rather than being reinvested. This provides regular passive monthly income for senior citizens and retirees.
Yes, 100% private! All calculations execute locally inside your web browser using client-side JavaScript math logic. Zero financial figures are sent to external cloud servers.
Explore Related Finance & Tax Tools
Fast, private monetary & tax calculation utilities running locally in your browser
SIP Investment Calculator
Calculate expected returns from monthly SIP, Lumpsum, Step-Up SIP, target goal, and inflation adjustment.
Mutual Fund Return & Tax Calculator
Calculate returns across SIP, Lumpsum, SWP, STP, CAGR, and 12.5% LTCG tax estimation.
Income Tax Calculator (New vs Old)
Compare New vs Old Tax Regime for FY 2024-25 & FY 2025-26 with 80C, 80D & Section 87A rebate.