₹1,00,000 in a fixed deposit for 3 years at 7% (interest added every quarter) becomes ₹1,23,144. The interest earned is ₹23,144.
FD interest is added to your income and taxed at your slab rate. Banks deduct TDS when interest crosses the yearly limit; you can give Form 15G or 15H if your income is below the taxable limit.
| Rate | Maturity amount | Interest earned |
|---|---|---|
| 6% | ₹1,19,562 | ₹19,562 |
| 6.5% | ₹1,21,341 | ₹21,341 |
| 7% (this page) | ₹1,23,144 | ₹23,144 |
| 7.5% | ₹1,24,972 | ₹24,972 |
| 8% | ₹1,26,824 | ₹26,824 |
Senior citizens usually get about 0.5% more. Small finance banks often pay more than big banks, with deposit insurance up to ₹5 lakh per bank.
Rates used: October–December 2026 where a government rate applies. Results are estimates.