Maturity amount and interest on a ₹1,00,000 fixed deposit at common bank rates.
A fixed deposit of ₹1,00,000 (1 lakh) for 1 year at 7% interest, compounded quarterly, grows to ₹1,07,186. You earn ₹7,186 in interest.
7% is an example rate. FD rates differ between banks and change often — check your bank's current rate.
| Interest rate | Interest earned | Maturity amount |
|---|---|---|
| 6% | ₹6,136 | ₹1,06,136 |
| 6.5% | ₹6,660 | ₹1,06,660 |
| 7% | ₹7,186 | ₹1,07,186 |
| 7.5% | ₹7,714 | ₹1,07,714 |
| 8% | ₹8,243 | ₹1,08,243 |
| 8.5% | ₹8,775 | ₹1,08,775 |
| Tenure | Interest earned | Maturity amount |
|---|---|---|
| 1 year | ₹7,186 | ₹1,07,186 |
| 2 years | ₹14,888 | ₹1,14,888 |
| 3 years | ₹23,144 | ₹1,23,144 |
| 5 years | ₹41,478 | ₹1,41,478 |
FD interest is added to your income and taxed at your slab rate. Here you earn about ₹7,186 a year on average. Banks deduct TDS when your interest with them crosses the yearly threshold (₹50,000 for most people and ₹1 lakh for senior citizens from FY 2025-26). If your total income is below the taxable limit, submit Form 15G (or 15H if you're a senior citizen) to avoid TDS.
At 7% with quarterly compounding, a ₹1,00,000 FD for 1 year earns about ₹7,186, and the maturity amount is ₹1,07,186.
Yes. FD interest is taxed at your income tax slab rate. Banks may also deduct TDS if interest exceeds the yearly threshold.