FD Calculator vs RD Calculator — Side-by-Side Comparison

FD requires a lumpsum deposit upfront and earns interest on the full amount from day one, while RD allows monthly deposits and builds corpus gradually. For the same amount and tenure, FD generates more interest since all funds are invested from the start. Use the FD calculator if you have a lumpsum; use the RD calculator for monthly savings discipline.

Fd Calculator

Principal

₹1,00,000

Interest Earned

₹23,144

Maturity Amount

₹1,23,144

Calculated with quarterly compounding (standard for most Indian banks). Actual maturity may vary by bank.

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Bajaj Finserv

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FD rates up to 8.85% — higher than most banks

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Rd Calculator

Total Deposited

₹1,20,000

Interest Earned

₹9,099

Maturity Amount

₹1,29,099

Calculated with quarterly compounding as per RBI guidelines for RD accounts. TDS applies on interest above ₹40,000 per year (₹50,000 for senior citizens).

Frequently Asked Questions

Is FD better than RD for saving money?+
FD gives more returns on a lumpsum because interest compounds on the full principal from day one. RD is better suited when you want to save a fixed amount monthly from your salary. Both offer guaranteed returns, DICGC insurance up to ₹5 lakh, and similar interest rates (5–7.5% for most banks).
Can I have both FD and RD accounts?+
Yes, you can hold multiple FDs and RDs simultaneously. A common strategy is to open an RD for monthly savings and convert the matured amount into an FD to earn higher returns on the accumulated lumpsum.
Which gives higher returns — FD or RD?+
FD gives higher absolute returns for the same amount and tenure because the full principal earns interest from day one. For example, a ₹1 lakh FD at 7% for 1 year earns ~₹7,229, while a ₹1 lakh RD (≈₹8,333/month) at 7% earns only ~₹3,745 in effective interest.
Disclaimer: This comparison is for informational purposes only and does not constitute financial or medical advice. Always consult a qualified professional before making financial or health decisions.