How to Use the FD & RD Calculator?

Our dual-purpose calculator lets you evaluate both lumpsum and monthly bank deposits seamlessly:

1. Select Deposit Type: Choose between Fixed Deposit (FD) for a one-time investment, or Recurring Deposit (RD) for monthly saving deposits.
2. Enter Amount: Input your total lumpsum amount (for FD) or your monthly deposit amount (for RD).
3. Interest Rate & Time: Enter the annual interest rate provided by your bank and the tenure of your deposit in years.
4. Click ‘Calculate Maturity’ to instantly see your exact interest earned, interactive growth charts, and maturity value.

FD vs. RD: What’s the Difference?

• Fixed Deposit (FD): You deposit a large amount of money all at once. The bank pays you a fixed interest rate for a specific duration. This yields higher total interest as the entire amount compounds from day one.
• Recurring Deposit (RD): You deposit a fixed, smaller amount every month. It’s perfect for salaried individuals looking to build a saving habit. Interest is calculated on a monthly decreasing basis.

Why Choose ToolSea (thetoolsea.com)?

• Bank-Level Accuracy: Our calculator uses precise quarterly compounding formulas (which 99% of Indian banks use) rather than basic simple interest, ensuring passbook-level accuracy.
• Visual Pro Dashboard: Our Year-by-Year charts automatically adapt to show the difference between Lumpsum growth (FD) and steady monthly buildup (RD).
• 100% Private: Your inputs are processed locally in your web browser. We do not store, track, or share your financial data.