FD Calculator: ₹10 L for 3 Years
By RupeesCalc Editorial Team · Reviewed by a SEBI-registered financial planner · Last updated:
₹10 L FD for 3 Years — Maturity Breakdown
A fixed deposit of ₹10,00,000 at 7.25% per annum for 3 years (quarterly compounding) matures to ₹12,40,547. You earn ₹2,40,547 in interest — a 24.1% gain over your principal. The effective annual yield is 7.45%.
Bank FD Rate Comparison — 3 Years (2025)
| Bank | Rate | Maturity (₹10 L) | Interest |
|---|---|---|---|
| SBI | 7% | ₹12,31,439 | ₹2,31,439 |
| HDFC Bank | 7.25% | ₹12,40,547 | ₹2,40,547 |
| ICICI Bank | 7.1% | ₹12,35,075 | ₹2,35,075 |
| Axis Bank | 7.1% | ₹12,35,075 | ₹2,35,075 |
| Kotak Bank | 7.25% | ₹12,40,547 | ₹2,40,547 |
| Post Office | 7.5% | ₹12,49,716 | ₹2,49,716 |
Rates as of May 2025 for general citizens. Senior citizens get +0.25% to +0.50% higher rates.
Year-Wise Growth of Your FD
| Year | Interest Earned | Total Value |
|---|---|---|
| Year 1 | ₹74,495 | ₹10,74,495 |
| Year 2 | ₹1,54,540 | ₹11,54,540 |
| Year 3 | ₹2,40,547 | ₹12,40,547 |
Tax tip: If you are in the 30% tax bracket, your post-tax FD return at 7.25% is only 5.07%. Consider putting the same money in PPF (7.1% fully tax-free) — it outperforms FD on a post-tax basis for most salaried investors.
Frequently Asked Questions
What is the maturity amount for ₹10 L FD for 3 years?
₹10,00,000 FD at 7.25% for 3 years with quarterly compounding: Maturity amount = ₹12,40,547. Interest earned = ₹2,40,547. Effective annual yield = 7.45%.
Is FD interest taxable?
Yes, FD interest is fully taxable as 'Income from Other Sources' at your income tax slab rate. TDS is deducted at 10% if interest exceeds ₹40,000/year (₹50,000 for senior citizens). Submit Form 15G/15H if your income is below the taxable limit to avoid TDS. For tax-free guaranteed returns, consider PPF (7.1% EEE status) alongside FD.
How does compounding frequency affect FD returns?
With quarterly compounding at 7.25%, effective annual yield is 7.45% (vs stated 7.25%). Monthly compounding gives slightly more. For a ₹10,00,000 FD for 3 years: quarterly compounding = ₹12,40,547. Always check whether your bank compounds monthly, quarterly, or at maturity.
Should I invest in FD or SIP?
FD: Guaranteed ${v.rate}% returns, zero risk, fully liquid with penalty. Best for emergency funds, short-term goals (1–3 years), and conservative investors. SIP: Historical 10–12% returns in equity funds, but market-linked risk. Best for long-term wealth creation (7+ years). Ideal strategy: Keep 3–6 months expenses in FD as emergency fund. Invest everything else in SIP for long-term goals.
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Sources & Methodology: Calculations are based on standard mathematical formulas. Tax slabs and rates are sourced from the Income Tax Department of India, Reserve Bank of India, and AMFI India. All calculators are for educational and planning purposes only — not financial advice. Last updated: .