CoinFixed deposit maturity table
FD of ₹3 lakh for 5 years: ₹4,24,433
At 7% a year, compounded quarterly, ₹3,00,000 earns about ₹1,24,433 in 5 years. A monthly-payout FD would pay roughly ₹1,750 a month instead.
₹3 lakh FD maturity by tenure (7%)
| Tenure | Interest earned | Maturity value |
|---|---|---|
| 1 year | ₹21,558 | ₹3,21,558 |
| 2 years | ₹44,665 | ₹3,44,665 |
| 3 years | ₹69,432 | ₹3,69,432 |
| 5 years | ₹1,24,433 | ₹4,24,433 |
| 7 years | ₹1,87,624 | ₹4,87,624 |
| 10 years | ₹3,00,479 | ₹6,00,479 |
Same FD at different rates (5 years)
| Interest rate | Interest earned | Maturity value |
|---|---|---|
| 6% | ₹1,04,057 | ₹4,04,057 |
| 6.5% | ₹1,14,126 | ₹4,14,126 |
| 7% | ₹1,24,433 | ₹4,24,433 |
| 7.5% | ₹1,34,984 | ₹4,34,984 |
| 8% | ₹1,45,784 | ₹4,45,784 |
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. 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 ₹3 lakh FD for 5 years?
At 7% with quarterly compounding, a ₹3,00,000 cumulative fixed deposit matures at about ₹4,24,433 after 5 years — ₹1,24,433 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 ₹3 lakh FD?
About ₹1,750 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 ₹3 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 ₹21,558. You can submit Form 15G/15H if your total income is below the taxable limit.
Other FD amounts
- FD of ₹1 lakh
- FD of ₹2 lakh
- FD of ₹5 lakh
- FD of ₹10 lakh
- FD of ₹15 lakh
- All FD amounts →
- Recurring deposit calculator →
- Senior Citizens Savings Scheme →
Educational estimate by CoinCalc. See how we calculate.