₹10,00,000 in a fixed deposit for 1 year at 7% (interest added every quarter) becomes ₹10,71,859. The interest earned is ₹71,859.
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% | ₹10,61,364 | ₹61,364 |
| 6.5% | ₹10,66,602 | ₹66,602 |
| 7% (this page) | ₹10,71,859 | ₹71,859 |
| 7.5% | ₹10,77,136 | ₹77,136 |
| 8% | ₹10,82,432 | ₹82,432 |
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.