A ₹15 lakh fixed deposit at 6.5% a year earns about ₹99,902 of interest in the first year. Left for 5 years with interest compounded quarterly, it matures to ₹20,70,630, of which ₹5,70,630 is interest.
₹15 lakh FD after 5 years (6.5%, quarterly compounding)
₹20,70,630
- Interest earned
- ₹5,70,630
- Interest in year 1
- ₹99,902
- Senior citizen (7%)
- ₹21,22,167
₹15 lakh FD maturity by rate and tenure
| Tenure | 6% | 6.5% | 7% | 7.5% | 8% |
|---|---|---|---|---|---|
| 1 year | ₹15,92,045 | ₹15,99,902 | ₹16,07,789 | ₹16,15,704 | ₹16,23,648 |
| 2 years | ₹16,89,739 | ₹17,06,458 | ₹17,23,323 | ₹17,40,333 | ₹17,57,489 |
| 3 years | ₹17,93,427 | ₹18,20,111 | ₹18,47,159 | ₹18,74,575 | ₹19,02,363 |
| 5 years | ₹20,20,283 | ₹20,70,630 | ₹21,22,167 | ₹21,74,922 | ₹22,28,921 |
| 7 years | ₹22,75,833 | ₹23,55,629 | ₹24,38,119 | ₹25,23,392 | ₹26,11,536 |
| 10 years | ₹27,21,028 | ₹28,58,338 | ₹30,02,396 | ₹31,53,524 | ₹33,12,059 |
Interest earned on ₹15 lakh at 6.5%
| Tenure | Maturity | Total interest | Average per year |
|---|---|---|---|
| 1 year | ₹15,99,902 | ₹99,902 | ₹99,902 |
| 2 years | ₹17,06,458 | ₹2,06,458 | ₹1,03,229 |
| 3 years | ₹18,20,111 | ₹3,20,111 | ₹1,06,704 |
| 5 years | ₹20,70,630 | ₹5,70,630 | ₹1,14,126 |
| 7 years | ₹23,55,629 | ₹8,55,629 | ₹1,22,233 |
| 10 years | ₹28,58,338 | ₹13,58,338 | ₹1,35,834 |
If you choose quarterly interest payouts instead (a non-cumulative FD), ₹15 lakh at 6.5% pays about ₹24,375 every quarter, and you get the ₹15 lakh back at maturity. Senior citizens usually get about 0.5% more, which on this deposit adds ₹51,538 over 5 years.
At 6.5%, yearly interest of about ₹99,902 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 |
|---|---|---|
| ₹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 |
| ₹50 lakh | ₹3,33,008 | ₹69,02,099 |
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Frequently asked questions
How much interest will I get on ₹15 lakh FD for 1 year?
About ₹99,902 at 6.5% with quarterly compounding, or ₹1,07,789 at 7%.
What will ₹15 lakh FD become after 5 years?
About ₹20,70,630 at 6.5%, or ₹21,74,922 at 7.5%, with interest compounded quarterly.
Is interest on a ₹15 lakh FD taxable?
Yes. FD interest is taxed at your income tax slab rate. At 6.5%, yearly interest of about ₹99,902 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