Maturity amount and interest on a ₹2,00,000 fixed deposit at common bank rates.
A fixed deposit of ₹2,00,000 (2 lakh) for 3 years at 7% interest, compounded quarterly, grows to ₹2,46,288. You earn ₹46,288 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% | ₹39,124 | ₹2,39,124 |
| 6.5% | ₹42,682 | ₹2,42,682 |
| 7% | ₹46,288 | ₹2,46,288 |
| 7.5% | ₹49,943 | ₹2,49,943 |
| 8% | ₹53,648 | ₹2,53,648 |
| 8.5% | ₹57,404 | ₹2,57,404 |
| Tenure | Interest earned | Maturity amount |
|---|---|---|
| 1 year | ₹14,372 | ₹2,14,372 |
| 2 years | ₹29,776 | ₹2,29,776 |
| 3 years | ₹46,288 | ₹2,46,288 |
| 5 years | ₹82,956 | ₹2,82,956 |
FD interest is added to your income and taxed at your slab rate. Here you earn about ₹15,429 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 ₹2,00,000 FD for 3 years earns about ₹46,288, and the maturity amount is ₹2,46,288.
Yes. FD interest is taxed at your income tax slab rate. Banks may also deduct TDS if interest exceeds the yearly threshold.