Source: https://awesomecalcs.com/fd-calculator/1000000-fd-1-year
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

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# ₹10,00,000 FD for 1 Year

> See the maturity value and total interest earned on a ₹10,00,000 fixed deposit for 1 year at 7% p.a., compounded quarterly.

Interactive calculator: https://awesomecalcs.com/fd-calculator/1000000-fd-1-year

Keywords: 10 lakh FD 1 year maturity value, 1000000 fixed deposit 1 year returns, FD calculator 1000000, fixed deposit returns 1 year, FD vs RD 1000000, 10 lakh bank FD 7 percent

## Scenario inputs

```json
{
  "inputs": {
    "principal": 1000000,
    "interestRate": 7,
    "tenureMonths": 12
  }
}
```

## Frequently asked questions

### What if I extend this FD from 1 year to 3 years?

Extending a ₹10,00,000 FD from 1 year to 3 years takes the maturity value from about ₹10,71,859 to about ₹12,31,439, an extra ₹1,59,580. At this deposit size the annual interest of about ₹71,859 is well above the ₹40,000 TDS threshold, so TDS at 10% (20% without PAN) applies every year. Try the FD calculator with deposit = ₹10,00,000 and tenure = 36 months.

### What if I deposit ₹5,00,000 instead of ₹10,00,000 for the same 1 year?

Halving the deposit to ₹5,00,000 for the same 1-year, 7% inputs halves the maturity value from about ₹10,71,859 to about ₹5,35,894. At ₹5 lakh the annual interest is about ₹35,894, just below the TDS threshold. Try deposit = ₹5,00,000 and tenure = 12 months on the FD calculator to confirm.

### Should I split a ₹10 lakh FD across multiple banks to stay within DICGC cover?

DICGC insures deposits up to ₹5 lakh per depositor per bank. Splitting the ₹10 lakh across two banks keeps each deposit within the insured limit. This does not change the interest earned (you get the same rate at each bank), but it removes concentration risk if one bank faces stress. Laddering across tenures (1-year, 2-year, 3-year) further improves liquidity.