₹1 lakh FD for 2 years: what you get back at 33 banks

Last checked 3 November 2026. Card rates for a regular deposit below ₹3 crore.

₹1 lakh in a 2-year fixed deposit grows to ₹1,16,593 at ESAF Small Finance Bank, the highest rate in our list at 7.75%. At SBI's 6.40% it becomes ₹1,13,540, which is ₹3,053 less. The post office 2-year time deposit at 7.0% would grow it to ₹1,14,888.

₹1.17 lakhBest maturity, ESAF SFB

₹16,593Interest at the top rate

₹17,742Senior citizen interest, ESAF SFB

₹13,540Interest at SBI

Top 10 banks for ₹1 lakh over 2 years

Bank	Rate	Interest earned	You get back	Senior gets back
ESAF Small Finance Bank Small finance bank, ranked 1st of 33	7.75%	₹16,593	₹1,16,593	₹1,17,742
Utkarsh Small Finance Bank Small finance bank, ranked 2nd of 33	7.50%	₹16,022	₹1,16,022	₹1,16,936
Bandhan Bank Private, ranked 3rd of 33	7.45%	₹15,908	₹1,15,908	₹1,17,051
Ujjivan Small Finance Bank Small finance bank, ranked 4th of 33	7.45%	₹15,908	₹1,15,908	₹1,17,051
DCB Bank Private, ranked 5th of 33	7.40%	₹15,795	₹1,15,795	₹1,16,936
Jana Small Finance Bank Small finance bank, ranked 6th of 33	7.30%	₹15,567	₹1,15,567	₹1,16,707
City Union Bank Private, ranked 7th of 33	7.30%	₹15,567	₹1,15,567	₹1,16,022
IndusInd Bank Private, ranked 8th of 33	7.25%	₹15,454	₹1,15,454	₹1,16,822
IDFC FIRST Bank Private, ranked 9th of 33	7.10%	₹15,114	₹1,15,114	₹1,15,681
AU Small Finance Bank Small finance bank, ranked 10th of 33	7.00%	₹14,888	₹1,14,888	₹1,16,022

The big banks for ₹1 lakh over 2 years

Bank	Rate	Interest earned	You get back	Senior gets back
State Bank of India Public sector, ranked 20th of 33	6.40%	₹13,540	₹1,13,540	₹1,14,663
HDFC Bank Private, ranked 18th of 33	6.45%	₹13,652	₹1,13,652	₹1,14,775
ICICI Bank Private, ranked 22nd of 33	6.30%	₹13,317	₹1,13,317	₹1,14,437
Axis Bank Private, ranked 17th of 33	6.50%	₹13,764	₹1,13,764	₹1,14,888
Kotak Mahindra Bank Private, ranked 14th of 33	6.75%	₹14,325	₹1,14,325	₹1,15,454
Bank of Baroda Public sector, ranked 24th of 33	6.25%	₹13,205	₹1,13,205	₹1,14,325
Punjab National Bank Public sector, ranked 23rd of 33	6.30%	₹13,317	₹1,13,317	₹1,14,437
Canara Bank Public sector, ranked 25th of 33	6.25%	₹13,205	₹1,13,205	₹1,14,325
Union Bank of India Public sector, ranked 30th of 33	6.15%	₹12,983	₹1,12,983	₹1,14,100

Interest compounds every quarter and is paid at maturity, before tax. Rates are each bank's card rate for exactly 2 years. See all 33 banks for 2 years.

Is ₹1 lakh fully insured?

DICGC insures deposits up to ₹5 lakh per depositor per bank, principal and interest together. ₹1 lakh plus 2 years of interest stays under ₹5 lakh even at the top rate, so the whole amount is covered at one bank.

Will TDS be deducted?

Banks deduct TDS when your total FD interest at that bank in a financial year crosses ₹50,000, or ₹1,00,000 for senior citizens. At 7.75%, ₹1 lakh earns about ₹7,978 in the first year, so TDS will not be deducted for a regular depositor unless they have other deposits at the same bank. A senior citizen at 8.25% earns about ₹8,509 in the first year, so TDS will not apply. The interest is taxable at your slab rate either way.

Taking interest out every quarter

If you need regular income, choose quarterly payout. ₹1 lakh at 7.75% pays ₹1,938 every quarter and returns the ₹1 lakh at the end. At SBI it pays ₹1,600 a quarter.

Other amounts and terms

₹2 lakh for 2 years · ₹5 lakh for 2 years · ₹10 lakh for 2 years · ₹25 lakh for 2 years · ₹1 lakh for 1 year · ₹1 lakh for 3 years · ₹1 lakh for 5 years

We check every bank's own rate page on a schedule and update these pages when a rate changes. Rates change often and without notice, so confirm with the bank on the day you invest. This is information, not advice.

Questions people ask

How much interest will I get on ₹1 lakh FD for 2 years?

At ESAF SFB's 7.75% you earn ₹16,593 and get back ₹1,16,593. At SBI's 6.40% you earn ₹13,540. Both figures assume interest is reinvested every quarter and paid at maturity.

What is the monthly or quarterly interest on ₹1 lakh?

If you take interest out every quarter instead of reinvesting it, ₹1 lakh at 7.75% pays ₹1,938 a quarter. At 6.40% it pays ₹1,600. Monthly payouts are slightly lower than a third of this, because banks discount them.

Is ₹1 lakh in one bank FD safe?

Yes, within the deposit insurance limit. DICGC insures deposits up to ₹5 lakh per depositor per bank, principal and interest together. ₹1 lakh plus its interest stays under ₹5 lakh.

More FD rate pages

1-year FD rates · 2-year FD rates · 3-year FD rates · 5-year FD rates · Senior citizen FD rates · Tax-saver FD rates · All FD rate pages · Post office FD rates · SCSS interest rate