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
| Tenure | 6% | 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%
| Tenure | Maturity | Total interest | Average 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
| Deposit | Interest in 1 year | After 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 |
Change the numbers
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