FD / RD Calculator

A Fixed Deposit takes a one-time lump sum and pays a fixed rate until maturity. A Recurring Deposit takes a fixed monthly deposit for a chosen tenure. RD interest is typically compounded quarterly in Indian banks.

Yes — interest is added to your income and taxed at your slab. Banks deduct TDS on interest above ₹40,000 per year (₹50,000 for senior citizens).

Yes, but most banks apply a small penalty (often 0.5–1% lower rate). Laddering smaller deposits across maturities reduces the need to break any single one.