FD interest on ₹3 lakh
How much interest does ₹3 lakh earn in an FD?
₹19,980 / year
At 6.5% compounded quarterly, like most banks. Left for 5 years, it grows to ₹4,14,126 — ₹1,14,126 of interest. A monthly-payout FD pays about ₹1,616 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% | ₹18.4K | ₹37.9K | ₹58.7K | ₹1.04 L | ₹2.44 L |
| 6.5% | ₹20K | ₹41.3K | ₹64K | ₹1.14 L | ₹2.72 L |
| 7.0% | ₹21.6K | ₹44.7K | ₹69.4K | ₹1.24 L | ₹3 L |
| 7.5% | ₹23.1K | ₹48.1K | ₹74.9K | ₹1.35 L | ₹3.31 L |
| 8.0% | ₹24.7K | ₹51.5K | ₹80.5K | ₹1.46 L | ₹3.62 L |
| 8.5% | ₹26.3K | ₹55K | ₹86.1K | ₹1.57 L | ₹3.96 L |
Interest before tax on a cumulative FD, compounded quarterly.
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₹
₹3 lakh
%
Big banks pay about 6–6.6% now (more for seniors); small finance banks pay more
yrs
Maturity amount
₹4,14,126
₹1,14,126 interest on ₹3,00,000 at 6.5%
Principal and interest
Interest
₹1.14 L
Deposited
₹3,00,000
Interest earned
₹1,14,126
Effective yearly yield
6.66%
Growth
BalanceDeposited
Interest is taxed at your slab rate. At about ₹22,825 a year you stay under the ₹50,000 TDS limit with this bank.
Questions people ask
How much monthly interest will I get on ₹3 lakh?
With a monthly-payout FD at 6.5%, about ₹1,616 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 ₹3 lakh taxable?
Yes. It’s added to your income and taxed at your slab rate. In the 30% slab, the ₹19,980 you earn in a year is worth about ₹13,747 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 ₹19,980 a year.
What do senior citizens earn?
Most banks pay seniors 0.25–0.75% more. At 7%, ₹3 lakh earns about ₹21,558 in the first year.