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 5 years at 7% interest, compounded quarterly, grows to ₹1,41,478. You earn ₹41,478 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% | ₹34,686 | ₹1,34,686 |
| 6.5% | ₹38,042 | ₹1,38,042 |
| 7% | ₹41,478 | ₹1,41,478 |
| 7.5% | ₹44,995 | ₹1,44,995 |
| 8% | ₹48,595 | ₹1,48,595 |
| 8.5% | ₹52,279 | ₹1,52,279 |
| 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 ₹8,296 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 5 years earns about ₹41,478, and the maturity amount is ₹1,41,478.
Yes. FD interest is taxed at your income tax slab rate. Banks may also deduct TDS if interest exceeds the yearly threshold.