Minimum ₹1,000. Most banks accept up to any amount.
Check your bank's current FD rate. Rates change frequently.
₹5 Lakh FD — TDS and Tax Planning
₹5 lakh is the DICGC insurance limit — the maximum amount insured per depositor per bank. If you have more than ₹5 lakh to deposit, spreading across multiple banks protects your capital.
Tax tip: If your total income is below the taxable limit, submit Form 15G at the start of each financial year to prevent TDS deduction on FD interest. Senior citizens use Form 15H.
₹5 Lakh FD Calculation
At 6.5% quarterly compounding
1 year: ₹5,33,270 | 2 years: ₹5,69,123 | 3 years: ₹6,07,696 | 5 years: ₹6,89,966
TDS note
Annual interest on ₹5L at 6.5% = ₹32,500. This is below ₹40,000 so no TDS for just this FD. But if you have other FDs at the same bank, total interest may cross the threshold.
Example Calculation
Frequently Asked Questions
At 6.5% with quarterly compounding, ₹5 lakh FD for 2 years gives approximately ₹5,69,123 at maturity. Total interest earned is ₹69,123. Use the rate slider to enter your bank's exact current rate.
It depends on total FD interest at that bank. At 6.5%, annual interest on ₹5L is ~₹32,500 — below the ₹40,000 TDS threshold. If you have additional FDs at the same bank and total annual interest crosses ₹40,000, the bank will deduct 10% TDS. Submit Form 15G to avoid TDS if your income is below the taxable limit.
Yes — DICGC (Deposit Insurance and Credit Guarantee Corporation) insures up to ₹5 lakh per depositor per bank, covering principal and interest combined. If your total deposits at one bank exceed ₹5 lakh, the amount above is uninsured. Consider spreading large deposits across multiple banks.
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.