FD & RD Calculator
How to Use
1️⃣ Select FD/RD Type
2️⃣ Enter Principal Amount
3️⃣ Input Interest Rate
4️⃣ Choose Tenure Duration
5️⃣ Click Calculate
How It Works
FD: Calculated using simple interest formula
RD: Uses compound interest with monthly contributions
Results show maturity amount with interest earned
FD Formula (Simple Interest)
M = P + (P × r × t)
Where:
M = Maturity Value
P = Principal Amount
r = Annual Interest Rate (decimal)
t = Time in years
RD Formula (Compound Interest)
M = P × [( (1 + i)^n - 1 ) / i ] × (1 + i)
Where:
M = Maturity Value
P = Monthly Deposit
i = Monthly Interest Rate (annual rate / 12)
n = Number of Months