CoinFixed deposit maturity table
FD of ₹15 lakh for 5 years: ₹21,22,167
At 7% a year, compounded quarterly, ₹15,00,000 earns about ₹6,22,167 in 5 years. A monthly-payout FD would pay roughly ₹8,750 a month instead.
₹15 lakh FD maturity by tenure (7%)
| Tenure | Interest earned | Maturity value |
|---|---|---|
| 1 year | ₹1,07,789 | ₹16,07,789 |
| 2 years | ₹2,23,323 | ₹17,23,323 |
| 3 years | ₹3,47,159 | ₹18,47,159 |
| 5 years | ₹6,22,167 | ₹21,22,167 |
| 7 years | ₹9,38,119 | ₹24,38,119 |
| 10 years | ₹15,02,396 | ₹30,02,396 |
Same FD at different rates (5 years)
| Interest rate | Interest earned | Maturity value |
|---|---|---|
| 6% | ₹5,20,283 | ₹20,20,283 |
| 6.5% | ₹5,70,630 | ₹20,70,630 |
| 7% | ₹6,22,167 | ₹21,22,167 |
| 7.5% | ₹6,74,922 | ₹21,74,922 |
| 8% | ₹7,28,921 | ₹22,28,921 |
Cumulative FD with quarterly compounding, before tax. Bank rates vary by bank, tenure and age and change over time.
Safety and tax
Bank deposits are insured by DICGC up to ₹5 lakh per depositor per bank, covering principal and interest together — so a ₹15 lakh deposit is only partly covered at a single bank; spreading it across banks keeps each part within the limit. Interest is taxed at your slab rate, and TDS applies once a bank pays you more than ₹50,000 of interest in a year (₹1 lakh for senior citizens). For long-term savings, compare with FD vs RD vs PPF.
Frequently asked questions
What is the maturity value of a ₹15 lakh FD for 5 years?
At 7% with quarterly compounding, a ₹15,00,000 cumulative fixed deposit matures at about ₹21,22,167 after 5 years — ₹6,22,167 of interest. Rates differ between banks and change over time, so check your bank's current rate.
How much monthly interest will I get on a ₹15 lakh FD?
About ₹8,750 a month at 7% if you choose a monthly-payout (non-cumulative) FD. Banks often pay slightly less on monthly payouts than the quarterly rate. Choosing a cumulative FD instead reinvests the interest and pays more at maturity.
Is interest on a ₹15 lakh FD taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS once a year's interest from one bank exceeds ₹50,000 (₹1 lakh for senior citizens); first-year interest here is about ₹1,07,789. You can submit Form 15G/15H if your total income is below the taxable limit.
Other FD amounts
- FD of ₹3 lakh
- FD of ₹5 lakh
- FD of ₹10 lakh
- FD of ₹20 lakh
- FD of ₹25 lakh
- FD of ₹50 lakh
- All FD amounts →
- Recurring deposit calculator →
- Senior Citizens Savings Scheme →
Educational estimate by CoinCalc. See how we calculate.