₹1,00,000 in a fixed deposit for 5 years at 7% (interest added every quarter) becomes ₹1,41,478. The interest earned is ₹41,478.
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% | ₹1,34,686 | ₹34,686 |
| 6.5% | ₹1,38,042 | ₹38,042 |
| 7% (this page) | ₹1,41,478 | ₹41,478 |
| 7.5% | ₹1,44,995 | ₹44,995 |
| 8% | ₹1,48,595 | ₹48,595 |
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.