₹5,00,000 in a fixed deposit for 5 years at 7% (interest added every quarter) becomes ₹7,07,389. The interest earned is ₹2,07,389.
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% | ₹6,73,428 | ₹1,73,428 |
| 6.5% | ₹6,90,210 | ₹1,90,210 |
| 7% (this page) | ₹7,07,389 | ₹2,07,389 |
| 7.5% | ₹7,24,974 | ₹2,24,974 |
| 8% | ₹7,42,974 | ₹2,42,974 |
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.