Overview
Evaluate and compare the maturity amounts and interest returns of Fixed Deposits (FD) and Recurring Deposits (RD) on a common investment horizon. This calculator is designed to help you determine which saving instrument will yield the highest return based on your initial lumpsum capital or monthly savings capacity, helping you select the best vehicle for your short-to-medium-term savings.
How to Use
- 1 Enter your target Fixed Deposit (FD) principal and interest rate.
- 2 Specify your monthly Recurring Deposit (RD) contribution amount and its interest rate.
- 3 Define the duration of your savings in years and specify the FD compounding frequency (e.g. quarterly compounding).
- 4 Click "Calculate" to view the returns comparison, visual maturity bars, and find out which option earns the most interest.