Recurring Deposit (RD)
Calculate maturity payouts and quarterly interest compounding on monthly bank recurring deposits.
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Fixed Deposit (FD) Calculator · Official Calculation Report
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ఫిక్స్డ్ డిపాజిట్ (FD) కాలిక్యులేటర్
Calculate your bank fixed deposit maturity value, total interest accrued, and effective annual yield with RBI-mandated quarterly compounding conventions.
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🛡️ RBI Quarterly Yield
Fixed Deposit Details
Maturity Estimate
| Deposit Principal | ₹1,00,000.00 |
| Total Interest Earned | ₹6,136.36 |
| Compounding Applied | 4 quarters (12 mo) + 0 residual mo |
Maturity Value Composition
Invested Principal (94.2%)
Interest (5.8%)
RBI Compounding Standard: This calculator applies standard quarterly compounding for complete 3-month blocks and simple interest for residual 1–2 months according to Indian banking norms.
Key Insights
- Compounding Standard Quarterly Compounding
- Senior Citizens +0.50% Extra Rate
- DICGC Insurance Up to ₹5 Lakhs Protected
- Premature Withdrawal 0.5%–1% Penalty Typical
Quick Facts
- TDS Threshold ₹40k (₹50k for Sr. Citizens)
- Tax Saver FD 5-Yr Lock-in (Sec 80C)
- Form 15G / 15H Avoid TDS if No Tax Due
- Loan against FD Up to 90% at +1% Rate
Frequently Asked Questions
How does quarterly compounding affect FD returns?
Under Reserve Bank of India (RBI) directions, interest on domestic fixed deposits is calculated on a quarterly basis. Every 3 months, accrued interest is added to your principal, meaning interest in subsequent quarters earns interest itself — generating a higher Annual Percentage Yield (APY) than simple interest.
What is the TDS threshold on fixed deposits?
Under Section 194A of the Income Tax Act, banks deduct 10% TDS if total interest across all branches exceeds ₹40,000 per financial year for individuals under 60 (or ₹50,000 for senior citizens). If total taxable income is below basic exemption, you can submit Form 15G/15H to prevent TDS.
Can I break or withdraw my FD before maturity?
Yes, regular fixed deposits allow premature withdrawal, though banks usually penalize the rate by 0.5% to 1.0% below the applicable rate for the period held. Note that 5-Year Tax Saver FDs cannot be broken prematurely under Section 80C rules.
Is my FD money safe in Indian banks?
Yes. Under the Deposit Insurance and Credit Guarantee Corporation (DICGC), an RBI subsidiary, each depositor is insured up to ₹5,00,000 across principal and interest across all accounts held in the same bank.