A ₹1 lakh fixed deposit at 6.5% a year earns about ₹6,660 of interest in the first year. Left for 5 years with interest compounded quarterly, it matures to ₹1,38,042, of which ₹38,042 is interest.
₹1 lakh FD after 5 years (6.5%, quarterly compounding)
₹1,38,042
- Interest earned
- ₹38,042
- Interest in year 1
- ₹6,660
- Senior citizen (7%)
- ₹1,41,478
₹1 lakh FD maturity by rate and tenure
| Tenure | 6% | 6.5% | 7% | 7.5% | 8% |
|---|---|---|---|---|---|
| 1 year | ₹1,06,136 | ₹1,06,660 | ₹1,07,186 | ₹1,07,714 | ₹1,08,243 |
| 2 years | ₹1,12,649 | ₹1,13,764 | ₹1,14,888 | ₹1,16,022 | ₹1,17,166 |
| 3 years | ₹1,19,562 | ₹1,21,341 | ₹1,23,144 | ₹1,24,972 | ₹1,26,824 |
| 5 years | ₹1,34,686 | ₹1,38,042 | ₹1,41,478 | ₹1,44,995 | ₹1,48,595 |
| 7 years | ₹1,51,722 | ₹1,57,042 | ₹1,62,541 | ₹1,68,226 | ₹1,74,102 |
| 10 years | ₹1,81,402 | ₹1,90,556 | ₹2,00,160 | ₹2,10,235 | ₹2,20,804 |
Interest earned on ₹1 lakh at 6.5%
| Tenure | Maturity | Total interest | Average per year |
|---|---|---|---|
| 1 year | ₹1,06,660 | ₹6,660 | ₹6,660 |
| 2 years | ₹1,13,764 | ₹13,764 | ₹6,882 |
| 3 years | ₹1,21,341 | ₹21,341 | ₹7,114 |
| 5 years | ₹1,38,042 | ₹38,042 | ₹7,608 |
| 7 years | ₹1,57,042 | ₹57,042 | ₹8,149 |
| 10 years | ₹1,90,556 | ₹90,556 | ₹9,056 |
If you choose quarterly interest payouts instead (a non-cumulative FD), ₹1 lakh at 6.5% pays about ₹1,625 every quarter, and you get the ₹1 lakh back at maturity. Senior citizens usually get about 0.5% more, which on this deposit adds ₹3,436 over 5 years.
At 6.5%, yearly interest of about ₹6,660 is below the ₹50,000 TDS threshold (₹1 lakh for senior citizens), if this is your only FD at the bank. FD interest is added to your income and taxed at your slab rate.
Compare nearby deposits
| Deposit | Interest in 1 year | After 5 years |
|---|---|---|
| ₹50,000 | ₹3,330 | ₹69,021 |
| ₹1 lakh | ₹6,660 | ₹1,38,042 |
| ₹2 lakh | ₹13,320 | ₹2,76,084 |
| ₹3 lakh | ₹19,980 | ₹4,14,126 |
| ₹5 lakh | ₹33,301 | ₹6,90,210 |
Change the numbers
Frequently asked questions
How much interest will I get on ₹1 lakh FD for 1 year?
About ₹6,660 at 6.5% with quarterly compounding, or ₹7,186 at 7%.
What will ₹1 lakh FD become after 5 years?
About ₹1,38,042 at 6.5%, or ₹1,44,995 at 7.5%, with interest compounded quarterly.
Is interest on a ₹1 lakh FD taxable?
Yes. FD interest is taxed at your income tax slab rate. At 6.5%, yearly interest of about ₹6,660 is below the ₹50,000 TDS threshold (₹1 lakh for senior citizens), if this is your only FD at the bank.
Cumulative FD with quarterly compounding. FD interest is taxable at your slab rate. Rates vary by bank and change often. An estimate. Related: All FD amounts · FD calculator · RD maturity table · PPF returns