Fixed Deposit Interest Guide 2026
15 Lakh FD Interest Payout & Maturity Breakdown
Quarterly compounding interest, 1 to 5-year maturity values, senior citizen bonus rates, and tax deduction rules for a ₹15 Lakhs deposit.
1-Yr Maturity Value₹16,09,369(at 7.1% p.a.)
Deposit Amount
₹15 Lakhs
Principal deposit
1-Yr Interest Earned
₹1,09,369
At 7.1% interest
3-Yr Maturity
₹18,52,613
+₹3,52,613 interest
Senior Citizen 1-Yr
₹16,17,071
At 7.6% rate
Key Takeaways for a ₹15 Lakhs Fixed Deposit
- For a ₹15 Lakhs Fixed Deposit at 7.1% interest rate with quarterly compounding, you earn ₹1,09,369 interest in 1 year, reaching a maturity value of ₹16,09,369.
- Over 5 years, a ₹15 Lakhs FD generates ₹6,32,620 total interest, with maturity value growing to ₹21,32,620.
- Senior citizens receive an additional 0.50% interest bonus (7.6% rate), earning ₹1,17,290 in 1 year.
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