FD Returns Table India - Fixed Deposit Maturity Calculator

Fixed Deposit Interest Rates in India 2026

Fixed Deposits remain the most popular savings instrument in India, with over Rs 200 lakh crore invested in bank FDs as of 2025 (Reserve Bank of India data). Major banks like SBI, HDFC Bank, ICICI Bank, and Axis Bank currently offer FD rates between 6.5% and 7.25% for general customers, while small finance banks and NBFCs offer rates up to 8.5-9.0% for similar tenures.

FD rates in India are influenced by the RBI repo rate, currently at 6.25% (February 2026). When the RBI cuts rates, banks typically follow with lower FD rates over the next few months. Locking in a longer-tenure FD at current rates can be advantageous if rate cuts are expected. This pre-computed table helps you instantly compare maturity amounts across different deposit sizes and tenures without entering any details.

How Much Interest on 1 Lakh, 5 Lakh, 10 Lakh FD?

These are the most frequently searched FD queries in India. Here are quick answers at 7.0% interest with quarterly compounding:

• •Interest on Rs 1 lakh FD for 1 year: Rs 7,186. Your FD matures to Rs 1,07,186 with quarterly compounding at 7%.
• •Interest on Rs 1 lakh FD for 3 years: Rs 23,144. Maturity amount: Rs 1,23,144. The power of compounding adds Rs 2,144 extra over simple interest.
• •Interest on Rs 1 lakh FD for 5 years: Rs 41,478. Maturity amount: Rs 1,41,478. Over 5 years, compounding adds Rs 6,478 more than simple interest.
• •Interest on Rs 5 lakh FD for 1 year: Rs 35,930. Maturity: Rs 5,35,930. No TDS since annual interest is below Rs 50,000.
• •Interest on Rs 5 lakh FD for 5 years: Rs 2,07,390. Maturity: Rs 7,07,390. TDS of Rs 15,739 may apply (annual interest exceeds Rs 50K).
• •Interest on Rs 10 lakh FD for 1 year: Rs 71,859. Maturity: Rs 10,71,859. TDS of Rs 2,186 applies (annual interest Rs 71,859 > Rs 50,000 threshold).
• •Interest on Rs 10 lakh FD for 5 years: Rs 4,14,782. Maturity: Rs 14,14,782. Significant TDS deduction — consider splitting across family members.

For exact figures at different rates and compounding frequencies, use the interactive table above which recalculates instantly when you change any parameter.

How FD Interest is Calculated

Indian banks use compound interest for Fixed Deposits, not simple interest. The formula is: Maturity = P × (1 + r/n)^(n×t), where P is the principal, r is the annual interest rate, n is the compounding frequency (4 for quarterly, 12 for monthly), and t is the tenure in years.

Most Indian banks compound FD interest quarterly (every 3 months). This means at 7% annual rate, the effective yield is approximately 7.19% per year — the extra 0.19% comes from earning interest on previously accumulated interest. Monthly compounding yields 7.23%, while yearly compounding gives exactly 7.0%. The difference becomes more significant with larger deposits and longer tenures.

For example, Rs 10,00,000 at 7% for 10 years: quarterly compounding gives Rs 20,01,597 (interest Rs 10,01,597), while simple interest would give only Rs 17,00,000 (interest Rs 7,00,000). That is Rs 3,01,597 extra — a 43% higher return — purely from compounding.

Senior Citizen FD Rates

Senior citizens (age 60 and above) enjoy preferential FD rates at all Indian banks. Most banks offer an additional 0.25% to 0.75% over regular rates, with 0.50% being the most common benefit. For example, if the regular FD rate is 7.0%, senior citizens would get 7.5% at most major banks.

On a Rs 10 lakh FD for 5 years, the extra 0.5% translates to approximately Rs 28,000 more interest. Additionally, senior citizens benefit from a higher TDS threshold of Rs 50,000 per year under Section 80TTB (applicable to all bank deposits combined). They can also submit Form 15H to avoid TDS deduction entirely if their total income is below the taxable limit.

FD vs Other Investments

Fixed Deposits offer guaranteed returns with zero market risk, making them ideal for conservative investors and emergency funds. However, comparing FDs with other options helps make informed decisions:

• •FD vs Savings Account: FDs offer 6.5-7.5% vs savings account 2.5-4.0%. A Rs 5L FD earns Rs 35,000/yr vs Rs 15,000 in savings — over 2x more.
• •FD vs Recurring Deposit (RD): FD gives slightly higher effective returns since the entire principal earns interest from day 1, while RD builds up monthly. Use our RD calculator to compare.
• •FD vs Debt Mutual Funds: Debt funds offer 6-8% post-tax returns with indexation benefits on long-term gains, potentially beating FD post-tax returns for higher tax brackets.
• •FD vs PPF: PPF offers 7.1% tax-free interest with 15-year lock-in. For long-term, PPF beats FD since FD interest is fully taxable at your slab rate.