Minimum ₹1,000. Most banks accept up to any amount.
Check your bank's current FD rate. Rates change frequently.
₹1 Lakh FD — What You Can Expect
₹1 lakh is the most common FD amount in India — it's at the TDS threshold, easy to track, and most banks offer their standard rates without minimum balance requirements.
At ₹1 lakh, annual FD interest is typically ₹6,500–₹7,500 — just below the ₹40,000 TDS threshold. You won't face TDS on a single ₹1L FD unless you have multiple FDs at the same bank.
₹1 Lakh FD Calculation
Where r = annual rate (decimal), t = tenure in years, 4 = quarterly compounding.
At 6.5% quarterly compounding
1 year: ₹1,06,654 | 2 years: ₹1,13,825 | 3 years: ₹1,21,539 | 5 years: ₹1,37,993
Example Calculation
Frequently Asked Questions
At 6.5% interest with quarterly compounding, ₹1 lakh FD for 1 year gives a maturity amount of approximately ₹1,06,654. At 7%, it's ₹1,07,186. Use the rate slider to enter your bank's exact current rate.
Typically no — annual interest on a single ₹1 lakh FD is ₹6,000–₹7,500, well below the ₹40,000 TDS threshold. TDS applies only if total FD interest from one bank exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).
FD rates change frequently and vary by tenure. Small finance banks (like AU, Ujjivan, ESAF) often offer 0.5–1% higher rates than major banks. However, ensure the bank is RBI-regulated and DICGC-insured (deposits up to ₹5 lakh are insured). Always check the bank's website for current rates before deciding.
Related Calculators
Disclaimer: Results are for informational and educational purposes only — not financial, tax, or legal advice. Tax slabs, rates (EPF, PPF, home loan), and rules shown are based on data available in 2025 and may change. Always verify with a qualified professional or official government sources before making financial decisions.