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 3 years at 7% interest, compounded quarterly, grows to ₹1,23,144. You earn ₹23,144 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% | ₹19,562 | ₹1,19,562 |
| 6.5% | ₹21,341 | ₹1,21,341 |
| 7% | ₹23,144 | ₹1,23,144 |
| 7.5% | ₹24,972 | ₹1,24,972 |
| 8% | ₹26,824 | ₹1,26,824 |
| 8.5% | ₹28,702 | ₹1,28,702 |
| 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 ₹7,715 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 3 years earns about ₹23,144, and the maturity amount is ₹1,23,144.
Yes. FD interest is taxed at your income tax slab rate. Banks may also deduct TDS if interest exceeds the yearly threshold.