Calculate maturity for ₹10 Lakh Fixed Deposit for 3 Years. Compare rates across 25+ banks and NBFCs.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
Investing ₹10 Lakh in a 3 Years FD? At an average rate of 7.03%, your deposit would mature to approximately ₹12,32,529 with ₹2,32,529 as interest earned.
Deposit: ₹10 Lakh · Quarterly compounding
| Bank | General Rate | Senior Rate | Maturity | Interest Earned |
|---|---|---|---|---|
| Shriram Finance | 7.71% | 7.96% | ₹12,57,467 | ₹2,57,467 |
| Mahindra Finance | 7.65% | 7.9% | ₹12,55,248 | ₹2,55,248 |
| Bajaj Finserv | 7.55% | 7.8% | ₹12,51,558 | ₹2,51,558 |
| PNB Housing | 7.35% | 7.6% | ₹12,44,207 | ₹2,44,207 |
| IndusInd Bank | 7.25% | 7.75% | ₹12,40,547 | ₹2,40,547 |
| Yes Bank | 7.25% | 7.75% | ₹12,40,547 | ₹2,40,547 |
| Bank of Baroda | 7.15% | 7.65% | ₹12,36,897 | ₹2,36,897 |
| Bandhan Bank | 7.15% | 7.65% | ₹12,36,897 | ₹2,36,897 |
| LIC Housing | 7.15% | 7.4% | ₹12,36,897 | ₹2,36,897 |
| Axis Bank | 7.1% | 7.6% | ₹12,35,075 | ₹2,35,075 |
| Post Office | 7.1% | 7.1% | ₹12,35,075 | ₹2,35,075 |
| HDFC Bank | 7% | 7.5% | ₹12,31,439 | ₹2,31,439 |
| ICICI Bank | 7% | 7.5% | ₹12,31,439 | ₹2,31,439 |
| PNB | 7% | 7.5% | ₹12,31,439 | ₹2,31,439 |
| IDFC First Bank | 7% | 7.5% | ₹12,31,439 | ₹2,31,439 |
| Canara Bank | 6.8% | 7.3% | ₹12,24,197 | ₹2,24,197 |
| Union Bank | 6.8% | 7.3% | ₹12,24,197 | ₹2,24,197 |
| SBI | 6.75% | 7.25% | ₹12,22,393 | ₹2,22,393 |
| Kotak Mahindra Bank | 6.75% | 7.25% | ₹12,22,393 | ₹2,22,393 |
| Indian Bank | 6.75% | 7.25% | ₹12,22,393 | ₹2,22,393 |
| IDBI Bank | 6.75% | 7.25% | ₹12,22,393 | ₹2,22,393 |
| Bank of India | 6.75% | 7.25% | ₹12,22,393 | ₹2,22,393 |
| Federal Bank | 6.75% | 7.25% | ₹12,22,393 | ₹2,22,393 |
| South Indian Bank | 6.75% | 7.25% | ₹12,22,393 | ₹2,22,393 |
| Central Bank | 6.6% | 7.1% | ₹12,16,994 | ₹2,16,994 |
The interest earned on ₹10 Lakh FD depends on the bank, interest rate, tenure, and compounding frequency. At 7% for 1 year (quarterly compounding), you would earn approximately ₹71,859 as interest.
For the highest returns on ₹10 Lakh, NBFCs like Bajaj Finserv, Shriram Finance, and Mahindra Finance typically offer higher rates (7.5-8%). Among banks, private banks like IndusInd and Yes Bank offer competitive rates.
TDS at 10% is deducted if FD interest exceeds ₹40,000 per year (₹50,000 for senior citizens). For ₹10 Lakh at ~7%, annual interest would be ~₹70,000, so TDS would be applicable.
DICGC covers up to ₹5 Lakh per bank. Since your deposit exceeds \u20B95 Lakh, consider splitting across banks for full insurance coverage. Also compare rates across banks to maximize returns.
At 7% with quarterly compounding, ₹10 Lakh FD would mature to approximately ₹14,14,778 in 5 years, earning ₹4,14,778 as interest.