CoinFixed deposit maturity table
FD of ₹20 lakh for 5 years: ₹28,29,556
At 7% a year, compounded quarterly, ₹20,00,000 earns about ₹8,29,556 in 5 years. A monthly-payout FD would pay roughly ₹11,667 a month instead.
₹20 lakh FD maturity by tenure (7%)
| Tenure | Interest earned | Maturity value |
|---|---|---|
| 1 year | ₹1,43,718 | ₹21,43,718 |
| 2 years | ₹2,97,764 | ₹22,97,764 |
| 3 years | ₹4,62,879 | ₹24,62,879 |
| 5 years | ₹8,29,556 | ₹28,29,556 |
| 7 years | ₹12,50,826 | ₹32,50,826 |
| 10 years | ₹20,03,195 | ₹40,03,195 |
Same FD at different rates (5 years)
| Interest rate | Interest earned | Maturity value |
|---|---|---|
| 6% | ₹6,93,710 | ₹26,93,710 |
| 6.5% | ₹7,60,840 | ₹27,60,840 |
| 7% | ₹8,29,556 | ₹28,29,556 |
| 7.5% | ₹8,99,896 | ₹28,99,896 |
| 8% | ₹9,71,895 | ₹29,71,895 |
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 ₹20 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 ₹20 lakh FD for 5 years?
At 7% with quarterly compounding, a ₹20,00,000 cumulative fixed deposit matures at about ₹28,29,556 after 5 years — ₹8,29,556 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 ₹20 lakh FD?
About ₹11,667 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 ₹20 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 ₹1,43,718. You can submit Form 15G/15H if your total income is below the taxable limit.
Other FD amounts
- FD of ₹5 lakh
- FD of ₹10 lakh
- FD of ₹15 lakh
- FD of ₹25 lakh
- FD of ₹50 lakh
- FD of ₹1 crore
- All FD amounts →
- Recurring deposit calculator →
- Senior Citizens Savings Scheme →
Educational estimate by CoinCalc. See how we calculate.