₹10,00,000 Senior Citizen FD for 5 Years
See the maturity value and total interest earned on a ₹10,00,000 senior citizen fixed deposit for 5 years at 7.5% p.a., compounded quarterly.
A ₹10,00,000 fixed deposit for 5 years at 7% p.a. (quarterly compounding) matures to ₹14,49,948, earning ₹4,49,948 in interest. FD interest is taxable at your income slab rate; for someone in the 30% bracket, the post-tax interest would be roughly ₹3,14,964. 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
- 60 months
Your projected returns
Maturity value
7.5% p.a.₹14.5 Lakhs
₹14,49,948
after 5 years
Invested amount
₹10 Lakhs
₹10,00,000
Total interest earned
₹4.5 Lakhs
₹4,49,948
+45% gain
31%is returns
Invested₹10.0L
Returns₹4.5L