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FD Calculation: How much will you earn on a ₹1 lakh FD in 10 years? See the full calculation.
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CNBC Awaaz•03-10-2026, 14:44
FD Calculation: How much will you earn on a ₹1 lakh FD in 10 years? See the full calculation.
- •The maturity amount for a ₹1 lakh FD over 10 years depends on the interest rate offered by the bank.
- •At 6% annual interest, a ₹1 lakh FD will grow to approximately ₹1.81 lakh in 10 years.
- •With 7% interest, the amount could reach around ₹2 lakh; at 7.5%, it could be ₹2.10 lakh; and at 8%, it could increase to ₹2.21 lakh.
- •Compounding means earning interest on both the initial investment and the accrued interest, significantly increasing the total over time.
- •Before investing in an FD, understand premature withdrawal rules, interest rates, and tax implications.
Key Questions Answered
If a bank offers an 8% annual interest rate with quarterly compounding, your 1 lakh rupees FD could increase to approximately 2.21 lakh rupees after 10 years.
Compounding means you earn interest on both your initial investment and previously accrued interest, which significantly increases your total amount over the long term when interest is reinvested in cumulative FDs.
Yes, the interest earned from an FD is added to your total taxable income and may be taxed according to your applicable tax slab.
