₹10,00,000 Senior Citizen FD for 3 Years
See the maturity value and total interest earned on a ₹10,00,000 senior citizen fixed deposit for 3 years at 7.5% p.a., compounded quarterly.
A ₹10,00,000 fixed deposit for 3 years at 7% p.a. (quarterly compounding) matures to ₹12,49,716, earning ₹2,49,716 in interest. FD interest is taxable at your income slab rate; for someone in the 30% bracket, the post-tax interest would be roughly ₹1,74,801. This FD uses quarterly compounding, which is the RBI standard; monthly compounding (offered by some banks) would give marginally higher returns.
This calculation's inputs
- Deposit amount
- ₹10,00,000
- FD interest rate
- 7.5% p.a.
- Tenure
- 36 months
Your projected returns
Maturity value
7.5% p.a.₹12.5 Lakhs
₹12,49,716
after 3 years
Invested amount
₹10 Lakhs
₹10,00,000
Total interest earned
₹2.5 Lakhs
₹2,49,716
+25% gain
20%is returns
Invested₹10.0L
Returns₹2.5L