₹10 lakh FD for 1 year: what you get back at 33 banks

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

₹10 lakh in a 1-year fixed deposit grows to ₹10,74,495 at Ujjivan Small Finance Bank, the highest rate in our list at 7.25%. At SBI's 6.25% it becomes ₹10,63,980, which is ₹10,515 less. The post office 1-year time deposit at 6.9% would grow it to ₹10,70,806.

₹10.74 lakhBest maturity, Ujjivan SFB

₹74,495Interest at the top rate

₹79,782Senior citizen interest, Ujjivan SFB

₹63,980Interest at SBI

Top 10 banks for ₹10 lakh over 1 year

Bank	Rate	Interest earned	You get back	Senior gets back
Ujjivan Small Finance Bank Small finance bank, ranked 1st of 33	7.25%	₹74,495	₹10,74,495	₹10,79,782
Equitas Small Finance Bank Small finance bank, ranked 2nd of 33	7.10%	₹72,913	₹10,72,913	₹10,78,194
Bandhan Bank Private, ranked 3rd of 33	7.00%	₹71,859	₹10,71,859	₹10,77,136
Jana Small Finance Bank Small finance bank, ranked 4th of 33	7.00%	₹71,859	₹10,71,859	₹10,77,136
RBL Bank Private, ranked 5th of 33	6.90%	₹70,806	₹10,70,806	₹10,76,079
DCB Bank Private, ranked 6th of 33	6.90%	₹70,806	₹10,70,806	₹10,73,440
IndusInd Bank Private, ranked 7th of 33	6.75%	₹69,228	₹10,69,228	₹10,74,495
Yes Bank Private, ranked 8th of 33	6.65%	₹68,177	₹10,68,177	₹10,73,440
City Union Bank Private, ranked 9th of 33	6.65%	₹68,177	₹10,68,177	₹10,70,280
Bank of India Public sector, ranked 10th of 33	6.60%	₹67,652	₹10,67,652	₹10,72,913

The big banks for ₹10 lakh over 1 year

Bank	Rate	Interest earned	You get back	Senior gets back
State Bank of India Public sector, ranked 25th of 33	6.25%	₹63,980	₹10,63,980	₹10,69,228
HDFC Bank Private, ranked 21st of 33	6.25%	₹63,980	₹10,63,980	₹10,69,228
ICICI Bank Private, ranked 22nd of 33	6.25%	₹63,980	₹10,63,980	₹10,69,228
Axis Bank Private, ranked 18th of 33	6.25%	₹63,980	₹10,63,980	₹10,69,228
Kotak Mahindra Bank Private, ranked 14th of 33	6.45%	₹66,077	₹10,66,077	₹10,71,332
Bank of Baroda Public sector, ranked 19th of 33	6.25%	₹63,980	₹10,63,980	₹10,69,228
Punjab National Bank Public sector, ranked 23rd of 33	6.25%	₹63,980	₹10,63,980	₹10,69,228
Canara Bank Public sector, ranked 16th of 33	6.40%	₹65,552	₹10,65,552	₹10,70,806
Union Bank of India Public sector, ranked 27th of 33	6.20%	₹63,456	₹10,63,456	₹10,68,702

Interest compounds every quarter and is paid at maturity, before tax. Rates are each bank's card rate for exactly 1 year. See all 33 banks for 1 year.

Is ₹10 lakh fully insured?

DICGC insures deposits up to ₹5 lakh per depositor per bank, principal and interest together. At the top rate, ₹10 lakh grows to ₹10,74,495. To keep every rupee covered, split it across at least 3 banks, about ₹3,33,333 in each.

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 7.25%, ₹10 lakh earns about ₹74,495 in the first year, so TDS will be deducted for a regular depositor unless they have other deposits at the same bank. A senior citizen at 7.75% earns about ₹79,782 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. ₹10 lakh at 7.25% pays ₹18,125 every quarter and returns the ₹10 lakh at the end. At SBI it pays ₹15,625 a quarter.

Other amounts and terms

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

At Ujjivan SFB's 7.25% you earn ₹74,495 and get back ₹10,74,495. At SBI's 6.25% you earn ₹63,980. Both figures assume interest is reinvested every quarter and paid at maturity.

What is the monthly or quarterly interest on ₹10 lakh?

If you take interest out every quarter instead of reinvesting it, ₹10 lakh at 7.25% pays ₹18,125 a quarter. At 6.25% it pays ₹15,625. Monthly payouts are slightly lower than a third of this, because banks discount them.

Is ₹10 lakh in one bank FD safe?

Only up to ₹5 lakh is insured. DICGC insures deposits up to ₹5 lakh per depositor per bank, principal and interest together. To keep all of it covered, spread it across at least 3 banks.

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