At maturity₹1.41 lakh
- Deposit₹1,00,000
- Interest₹41,478
ନିରାପଦ ସଞ୍ଚୟ, ନିଶ୍ଚିନ୍ତ ମନ।Safe savings, a calm mind.
₹1,00,000 kept for 5 years becomes about ₹1.41 lakh.
Interest earned: ₹41,478. It is added to your income and taxed at your slab.
Year by year
| Year | Interest so far | Value |
|---|---|---|
| 1 | ₹7,186 | ₹1,07,186 |
| 2 | ₹14,888 | ₹1,14,888 |
| 3 | ₹23,144 | ₹1,23,144 |
| 4 | ₹31,993 | ₹1,31,993 |
| 5 | ₹41,478 | ₹1,41,478 |
These figures are estimates from the numbers you enter. Returns are not promised, and tax is left out unless stated. This is education, not investment advice.
How this is worked out
Maturity = deposit × (1 + rate ÷ 4) raised to (4 × years). Each quarter’s interest is added to the deposit, and the next quarter’s interest is paid on the bigger amount.
Good to know
- Banks deduct TDS when your FD interest crosses the yearly limit. Submit Form 15G or 15H if your total income is below the taxable limit.
- Senior citizens usually get about 0.25–0.5% more. Enter your actual rate.
- Deposits up to ₹5 lakh per bank are insured by DICGC.