FD Calculator
₹2 lakh FD for 5 years
A ₹2 lakh fixed deposit at 7% (compounded quarterly) for 5 years matures to about ₹2,82,956 — that's ₹82,956 of interest on your ₹2 lakh.
₹
Typical FD: ₹10,000 – ₹10,00,000
%
Bank FDs ~6.5–7.5%; small-finance banks higher
yr
7 days to 10 years at most banks
Compounding frequency
Maturity value after 5 years
₹2,82,956
Invested
₹2,00,000
Interest earned
₹82,956
Growth over time
Value
7% is an indicative rate — banks differ, and senior citizens usually get ~0.5% more. FD interest is taxable at your slab, so your in-hand return is lower if you're in a higher bracket. Adjust the sliders to match your bank's exact offer.
₹2 lakh FD — common questions
How much does a ₹2 lakh FD give after 5 years?
About ₹2,82,956 at 7%, of which ₹82,956 is interest on your ₹2 lakh principal. Set your bank's exact rate and tenure above for the precise figure.
How much interest do you earn on a ₹2 lakh FD?
Roughly ₹82,956 over 5 years at 7%, compounded quarterly. FD interest is taxable at your slab, with TDS once it crosses the bank's annual threshold.
Is FD interest taxable?
Yes — it's added to your income and taxed at your slab. Banks deduct TDS once yearly FD interest from a bank crosses ₹50,000 (₹1 lakh for seniors); you can reclaim it if your total income is below the taxable limit.
FD or RD — which grows more?
A lump-sum FD compounds the full amount from day one, so it out-earns an RD of the same total. Choose an RD only when you're saving gradually rather than parking a lump sum.
Illustrative estimate, not a bank quote. Actual maturity depends on the bank's rate and compounding; interest is taxable.