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Calculate Fixed Deposit and Recurring Deposit maturity value with quarterly compounding, as used by Indian banks.
FD / RD Calculator
Total deposited—
Effective rate applied—
Interest earned—
Maturity value—
How FD/RD Interest is Calculated
FD (quarterly compounding):
M = P × (1 + r/4)4t
RD (quarterly compounding on monthly deposits):
Each month's deposit compounds quarterly until maturity — standard Indian bank methodology.
Typical 2026 FD Rates (Reference)
1 year
6.5% – 7.0%
2–3 years
6.75% – 7.25%
5+ years
6.5% – 7.0%
Senior citizens
+0.25% to +0.75% extra
Rates vary by bank and change periodically. Check your bank's current published rates before investing — this calculator uses whatever rate you enter.
Estimate only. Actual FD/RD interest calculation methodology may vary slightly by bank. TDS applies on interest above ₹40,000/year (₹50,000 for senior citizens) per bank.