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Home » Tax & Savings Calculators » FD Interest Table: ₹50,000 to ₹50 Lakh » ₹10 Lakh FD Interest: Maturity for 1 to 10 Years

₹10 Lakh FD Interest: Maturity for 1 to 10 Years

A ₹10 lakh fixed deposit at 6.5% a year earns about ₹66,602 of interest in the first year. Left for 5 years with interest compounded quarterly, it matures to ₹13,80,420, of which ₹3,80,420 is interest.

₹10 lakh FD after 5 years (6.5%, quarterly compounding)

₹13,80,420

Interest earned
₹3,80,420
Interest in year 1
₹66,602
Senior citizen (7%)
₹14,14,778

₹10 lakh FD maturity by rate and tenure

Tenure6%6.5%7%7.5%8%
1 year₹10,61,364₹10,66,602₹10,71,859₹10,77,136₹10,82,432
2 years₹11,26,493₹11,37,639₹11,48,882₹11,60,222₹11,71,659
3 years₹11,95,618₹12,13,408₹12,31,439₹12,49,716₹12,68,242
5 years₹13,46,855₹13,80,420₹14,14,778₹14,49,948₹14,85,947
7 years₹15,17,222₹15,70,419₹16,25,413₹16,82,261₹17,41,024
10 years₹18,14,018₹19,05,559₹20,01,597₹21,02,349₹22,08,040

Interest earned on ₹10 lakh at 6.5%

TenureMaturityTotal interestAverage per year
1 year₹10,66,602₹66,602₹66,602
2 years₹11,37,639₹1,37,639₹68,819
3 years₹12,13,408₹2,13,408₹71,136
5 years₹13,80,420₹3,80,420₹76,084
7 years₹15,70,419₹5,70,419₹81,488
10 years₹19,05,559₹9,05,559₹90,556

If you choose quarterly interest payouts instead (a non-cumulative FD), ₹10 lakh at 6.5% pays about ₹16,250 every quarter, and you get the ₹10 lakh back at maturity. Senior citizens usually get about 0.5% more, which on this deposit adds ₹34,358 over 5 years.

At 6.5%, yearly interest of about ₹66,602 is above ₹50,000, so the bank will deduct TDS unless you submit Form 15G/15H where eligible. FD interest is added to your income and taxed at your slab rate.

Compare nearby deposits

DepositInterest in 1 yearAfter 5 years
₹2 lakh₹13,320₹2,76,084
₹3 lakh₹19,980₹4,14,126
₹5 lakh₹33,301₹6,90,210
₹10 lakh₹66,602₹13,80,420
₹15 lakh₹99,902₹20,70,630
₹20 lakh₹1,33,203₹27,60,840
₹25 lakh₹1,66,504₹34,51,049

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Frequently asked questions

How much interest will I get on ₹10 lakh FD for 1 year?

About ₹66,602 at 6.5% with quarterly compounding, or ₹71,859 at 7%.

What will ₹10 lakh FD become after 5 years?

About ₹13,80,420 at 6.5%, or ₹14,49,948 at 7.5%, with interest compounded quarterly.

Is interest on a ₹10 lakh FD taxable?

Yes. FD interest is taxed at your income tax slab rate. At 6.5%, yearly interest of about ₹66,602 is above ₹50,000, so the bank will deduct TDS unless you submit Form 15G/15H where eligible.

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

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