Savings vs FD vs RD Comparison Calculator
Find where your money grows best! Compare returns from Savings Account, Fixed Deposit, and Recurring Deposit for small savers in India.
Best for Small & Regular Savers
Input Your Savings Plan
₹
₹500
₹50,000
1 Year
30 Years
Set Interest Rates
Select Bank Rates
%
2%
8%
%
4%
9%
%
4%
8.5%
Bank rates are approximate for general public deposits (below ₹2 Cr) for 1-3 year tenure. Actual rates may vary.
Tip: For short-term goals (< 1 year), Savings Account is best for liquidity. For 1-5 years, RD is ideal for regular savers. For long-term (>5 years), FD gives the highest returns with compounding.
Comparison Results
Savings Account
₹ 0
Interest: ₹ 0
Liquidity: High
BEST
Fixed Deposit
₹ 0
Interest: ₹ 0
Liquidity: Low
Recurring Deposit
₹ 0
Interest: ₹ 0
Liquidity: Medium
| Parameter | Savings Account | Fixed Deposit | Recurring Deposit |
|---|---|---|---|
| Final Amount | ₹ 0 | ₹ 0 | ₹ 0 |
| Interest Earned | ₹ 0 | ₹ 0 | ₹ 0 |
| Total Deposits | ₹ 0 | ₹ 0 | ₹ 0 |
| Liquidity | High (Instant withdrawal) | Low (Penalty on premature withdrawal) | Medium (Can break with penalty) |
| Risk Level | Very Low (Insured up to ₹5 lakh) | Very Low (Insured up to ₹5 lakh) | Very Low (Insured up to ₹5 lakh) |
Our Recommendation
Based on your inputs, Fixed Deposit appears to be the best option for maximizing returns. However, consider your liquidity needs before deciding.
Understanding Your Options
Savings Account
- Best for emergency funds and daily transactions
- Interest calculated on daily balance
- Complete liquidity – withdraw anytime
- Lowest interest rates among the three
- No lock-in period or penalties
- Ideal for short-term savings (< 1 year)
Fixed Deposit
- Best for lump sum investments with fixed tenure
- Higher interest rates than savings accounts
- Interest compounded quarterly
- Premature withdrawal attracts penalty (0.5-1%)
- Tenure options from 7 days to 10 years
- Ideal for medium to long-term goals
Recurring Deposit
- Best for regular monthly savers
- Fixed monthly deposits for fixed tenure
- Interest rates similar to FDs
- Disciplined savings with monthly commitment
- Premature closure allowed with penalty
- Ideal for salaried individuals with regular income