FD vs RD Calculator - Which is Better?
Compare Fixed Deposit vs Recurring Deposit returns and find the best option for your savings
Comparison Summary
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₹1L FD vs ₹8.3K RD
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FD vs RD: Complete Comparison Guide
Fixed Deposit (FD) and Recurring Deposit (RD) are two popular savings schemes offered by banks and post offices in India. While both are safe investment options with guaranteed returns, they serve different financial needs and investment patterns. FD requires a lump sum investment upfront, while RD allows you to invest small amounts monthly. This calculator helps you compare both options based on your investment capacity and financial goals to determine which gives better returns for your situation.
🧮 Popular Financial Calculators
Explore our most popular financial calculators to plan your finances better.
SIP Calculator
Calculate SIP returns
EMI Calculator
Calculate loan EMI
FD Calculator
Calculate FD returns
Home Loan
Calculate home loan EMI
Personal Loan
Calculate personal loan EMI
Income Tax
Calculate income tax
CAGR Calculator
Calculate growth rate
Retirement
Plan retirement corpus
PPF Calculator
Calculate PPF returns
Lumpsum
Calculate lumpsum returns
Inflation
Calculate inflation impact
Mutual Fund
Calculate MF returns
Frequently Asked Questions
Which is better - FD or RD?
FD is better if you have lump sum money and want higher returns. RD is better for systematic monthly savings and building financial discipline. FD typically offers 0.25-0.5% higher interest rates than RD.
Can I break FD or RD before maturity?
Yes, both FD and RD can be broken before maturity, but you'll face penalty charges (typically 0.5-1% reduction in interest rate) and may not get the full accrued interest.
What are the tax implications?
Interest from both FD and RD is taxable as per your income tax slab. TDS is deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
Which has better liquidity?
FD has better liquidity as you can break it anytime and get most of your money back. RD requires you to continue monthly deposits, and breaking it early results in lower returns.