Maturity amount and interest on a ₹10,00,000 fixed deposit at common bank rates.
A fixed deposit of ₹10,00,000 (10 lakh) for 5 years at 7% interest, compounded quarterly, grows to ₹14,14,778. You earn ₹4,14,778 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% | ₹3,46,855 | ₹13,46,855 |
| 6.5% | ₹3,80,420 | ₹13,80,420 |
| 7% | ₹4,14,778 | ₹14,14,778 |
| 7.5% | ₹4,49,948 | ₹14,49,948 |
| 8% | ₹4,85,947 | ₹14,85,947 |
| 8.5% | ₹5,22,795 | ₹15,22,795 |
| Tenure | Interest earned | Maturity amount |
|---|---|---|
| 1 year | ₹71,859 | ₹10,71,859 |
| 2 years | ₹1,48,882 | ₹11,48,882 |
| 3 years | ₹2,31,439 | ₹12,31,439 |
| 5 years | ₹4,14,778 | ₹14,14,778 |
FD interest is added to your income and taxed at your slab rate. Here you earn about ₹82,956 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 ₹10,00,000 FD for 5 years earns about ₹4,14,778, and the maturity amount is ₹14,14,778.
Yes. FD interest is taxed at your income tax slab rate. Banks may also deduct TDS if interest exceeds the yearly threshold.