FD Calculator for ₹10 Lakh
A ₹10 Lakh Fixed Deposit is a significant safe-asset investment. This calculator helps you decide between cumulative interest (paid at maturity) and non-cumulative options (monthly/quarterly payouts).
Rs.
%
Maturity Amount
₹10,71,859
Invested Amount₹10,00,000
Interest Earned₹71,859
Maturity Value₹10,71,859
FD calculations assume quarterly compounding. Rates and payout rules vary by bank.
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Maturity Details for FD Calculator for ₹10 Lakh
The tool calculates the total value for a cumulative FD using quarterly compounding, which is the standard practice in the Indian banking system.
₹10 Lakh for 1 Year
At 7% interest for 1 year, your ₹10,00,000 matures to ₹10,71,859.
Fixed Deposit FAQs
Can I take a loan against FD?
Yes, most Indian banks provide loans up to 90-95% of the FD value at a slightly higher interest rate.