FD Interest on ₹10,00,000 for 1 Year at 7%
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Quick Answer
A fixed deposit of ₹10,00,000 at 7% p.a. (quarterly compounding) for 1 year matures to ₹10,71,859. You earn ₹71,859 as interest — an effective annual yield of ~72%.
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₹1,00,000
Interest Earned
₹23,144
Maturity Amount
₹1,23,144
Calculated with quarterly compounding (standard for most Indian banks). Actual maturity may vary by bank.
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SponsoredFD rates up to 8.85% — higher than most banks
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Frequently Asked Questions
What is the maturity amount of ₹10,00,000 FD for 1 years at 7%?
At 7% p.a. with quarterly compounding, a ₹10,00,000 FD matures to ₹10,71,859 in 1 year. The interest earned is ₹71,859.
How much interest does ₹10,00,000 FD earn in 1 years?
At 7% annual interest (quarterly compounding), ₹10,00,000 earns ₹71,859 over 1 years. Note that TDS is deducted at 10% if interest exceeds ₹40,000/year (₹50,000 for senior citizens).