₹10,00,000 Fixed Deposit Calculator
Calculate the maturity amount for a ₹10,00,000 fixed deposit at various interest rates and tenures.
Fixed Deposit
Calculate your guaranteed returns with tax estimation
Net Maturity Amount
₹7,24,974
Total Interest
₹2,24,974
TDS Estimated
₹0
Indian FD Insights
Most Indian banks compound interest quarterly. The TDS threshold is ₹40,000 for regular depositors and ₹50,000 for senior citizens per financial year.
Understanding FD Returns
A Fixed Deposit is a low-risk investment where you park a lump sum for a specific period at a fixed interest rate. It offers higher returns than a savings account.
Our calculator follows the Quarterly Compounding method, which is the standard practice for most Indian banks like SBI, HDFC, and ICICI.
The FD Formula
Key FD Features
Senior Citizen Benefit
Usually 0.50% higher interest rate than regular accounts.
TDS Rules
10% TDS if interest income exceeds ₹40k (₹50k for seniors).
Tax Saving FD
5-year lock-in FD offers tax deduction under Section 80C.
Liquidity
You can take a loan up to 90-95% of the FD value if needed.
FD Maturity for ₹10,00,000 at Different Tenures (7% p.a.)
1 Year
₹10,71,859
Interest: ₹71,859
3 Years
₹12,31,439
Interest: ₹2,31,439
5 Years
₹14,14,778
Interest: ₹4,14,778
Frequently Asked Questions
Find answers to common questions about this calculator below.
For a ₹10,00,000 FD at 7% interest compounded quarterly for 1 year, the maturity amount is approximately ₹10,71,859 with interest of ₹71,859.
For a ₹10,00,000 FD at 7% interest compounded quarterly for 3 years, the maturity amount is approximately ₹12,31,439 with interest of ₹2,31,439.
For a ₹10,00,000 FD at 7% interest compounded quarterly for 5 years, the maturity amount is approximately ₹14,14,778 with interest of ₹4,14,778.
If the total interest from all FDs exceeds ₹40,000 in a financial year (₹50,000 for senior citizens), TDS at 10% is deducted. Submit Form 15G/15H if your total income is below the taxable limit to avoid TDS.