FD interest on ₹2 lakh
How much interest does ₹2 lakh earn in an FD?
₹13,320 / year
At 6.5% compounded quarterly, like most banks. Left for 5 years, it grows to ₹2,76,084 — ₹76,084 of interest. A monthly-payout FD pays about ₹1,078 a month.
Open in the FD calculatorInterest earned, by rate and tenure
| Rate | 1 yr | 2 yrs | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|---|
| 6.0% | ₹12.3K | ₹25.3K | ₹39.1K | ₹69.4K | ₹1.63 L |
| 6.5% | ₹13.3K | ₹27.5K | ₹42.7K | ₹76.1K | ₹1.81 L |
| 7.0% | ₹14.4K | ₹29.8K | ₹46.3K | ₹83K | ₹2 L |
| 7.5% | ₹15.4K | ₹32K | ₹49.9K | ₹90K | ₹2.2 L |
| 8.0% | ₹16.5K | ₹34.3K | ₹53.6K | ₹97.2K | ₹2.42 L |
| 8.5% | ₹17.5K | ₹36.6K | ₹57.4K | ₹1.05 L | ₹2.64 L |
Interest before tax on a cumulative FD, compounded quarterly.
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₹
₹2 lakh
%
Big banks pay about 6–6.6% now (more for seniors); small finance banks pay more
yrs
Maturity amount
₹2,76,084
₹76,084 interest on ₹2,00,000 at 6.5%
Principal and interest
Interest
₹76.1K
Deposited
₹2,00,000
Interest earned
₹76,084
Effective yearly yield
6.66%
Growth
BalanceDeposited
Interest is taxed at your slab rate. At about ₹15,217 a year you stay under the ₹50,000 TDS limit with this bank.
Questions people ask
How much monthly interest will I get on ₹2 lakh?
With a monthly-payout FD at 6.5%, about ₹1,078 a month. That’s slightly less than a twelfth of the yearly interest: banks discount the quarterly rate to a month, because the interest is paid out instead of compounding.
Is FD interest on ₹2 lakh taxable?
Yes. It’s added to your income and taxed at your slab rate. In the 30% slab, the ₹13,320 you earn in a year is worth about ₹9,164 after tax.
Will the bank deduct TDS?
No, as long as your total interest from this bank stays under ₹50,000 a year (₹1 lakh for senior citizens). This FD earns about ₹13,320 a year.
What do senior citizens earn?
Most banks pay seniors 0.25–0.75% more. At 7%, ₹2 lakh earns about ₹14,372 in the first year.