AwesomeCalcsMoney tools that make sense

SIP Calculator
Lumpsum Calculator
SWP Calculator
Step-Up SIP Calculator
STP Calculator
MF Returns Calculator
IRR Calculator
XIRR Calculator
Crorepati Calculator

EMI Calculator
Home Loan EMI Calculator
Education Loan Calculator
Car Loan EMI Calculator
Down Payment Calculator
Flat vs Reducing Rate Calculator
Home Affordability Calculator
Rent vs Buy Calculator

PPF Calculator
EPF Calculator
FD Calculator
RD Calculator
SSY Calculator
APY Calculator
NSC Calculator
Post Office MIS Calculator
SCSS Calculator
KVP Calculator

Retirement Planning

FIRE Calculator
Retirement Calculator
NPS Calculator
Goal Planning Calculator

Life Insurance Calculator
HLV Calculator
Term Insurance Calculator

Income Tax Calculator
HRA Calculator
Tax Saving Calculator
TDS Calculator
GST Calculator
GSTR-3B Calculator

Salary Calculator
Take Home Salary Calculator
Salary Hike Percentage Calculator
Salary Hike Amount Calculator

Inflation Calculator
Compound Interest Calculator
Simple Interest Calculator
Gratuity Calculator
ROI Calculator
CAGR Calculator
LTCG Calculator
Discount Calculator

Loading

About Contact Privacy Policy Terms of Use

© 2026 AwesomeCalcs

₹5,00,000 Senior Citizen FD for 1 Year | AwesomeCalcs

Home
Savings
FD Calculator
₹5,00,000 Senior Citizen FD for 1 Year

₹5,00,000 Senior Citizen FD for 1 Year

See the maturity value and total interest earned on a ₹5,00,000 senior citizen fixed deposit for 1 year at 7.5% p.a., compounded quarterly.

A ₹5,00,000 fixed deposit for 1 year at 7% p.a. (quarterly compounding) matures to ₹5,38,568, earning ₹38,568 in interest. FD interest is taxable at your income slab rate; for someone in the 30% bracket, the post-tax interest would be roughly ₹26,998. 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: ₹5,00,000
FD interest rate: 7.5% p.a.
Tenure: 12 months

Customise this calculation →

Your projected returns

Maturity value

7.5% p.a.

₹5.39 Lakhs

₹5,38,568

after 1 year

Invested amount

₹5 Lakhs

₹5,00,000

Total interest earned

₹38,568

+8% gain

7%is returns

Invested₹5.0L

Returns₹38.6K

Balance growth over time

Compare FD scenarios

₹50k / 1 yr

₹53.59k

₹50k / 3 yrs

₹61.57k

₹1L / 1 yr

₹1.07L

₹1L / 5 yrs

₹1.41L

₹5L / 3 yrs

₹6.16L

₹10L / 5 yrs

₹14.15L

₹10k / 1 yr

₹10.72k

₹10k / 3 yrs

₹12.31k

₹25k / 1 yr

₹26.8k

₹25k / 3 yrs

₹30.79k

₹50k / 2 yrs

₹57.44k

₹50k / 5 yrs

₹70.74k

₹1L / 2 yrs

₹1.15L

₹1L / 3 yrs

₹1.23L

₹2L / 1 yr

₹2.14L

₹2L / 3 yrs

₹2.46L

₹2L / 5 yrs

₹2.83L

₹5L / 1 yr

₹5.36L

₹5L / 2 yrs

₹5.74L

₹5L / 5 yrs

₹7.07L

₹10L / 1 yr

₹10.72L

₹10L / 2 yrs

₹11.49L

₹10L / 3 yrs

₹12.31L

₹20L / 3 yrs

₹24.63L

₹20L / 5 yrs

₹28.3L

₹1L / 1 yr

₹1.08L

₹1L / 3 yrs

₹1.25L

₹1L / 5 yrs

₹1.45L

₹5L / 1 yr

₹5.39L

+8%current

₹5L / 3 yrs

₹6.25L

₹5L / 5 yrs

₹7.25L

₹10L / 3 yrs

₹12.5L

₹10L / 5 yrs

₹14.5L

₹5L at 6.5%

₹5.33L

₹5L at 8.5%

₹5.44L

Related calculators

PPF Calculator
PPF at 7.1% tax-free vs this FD at 7% taxable: which wins?
EPF Calculator
Estimate your Employee Provident Fund balance at retirement.
RD Calculator
Compare: recurring deposit vs this ₹5,00,000 FD over 1 years
SSY Calculator
Estimate the maturity amount for a Sukanya Samriddhi Yojana account.

This calculator assumes a one-time deposit of ₹5,00,000 at 7.5% p.a., compounded quarterly (the standard convention for Indian fixed deposits), over a tenure of 12 months (1 year). Actual rates offered by banks vary and FD interest is taxable as per your income tax slab.

Year-by-year growth

Year	Invested	Split	Interest	Balance
1	₹5,00,000		₹38,568	₹5,38,568

What the numbers mean

At 6% annual inflation, ₹5,38,568 after 1 years has the purchasing power of ₹5,08,083 in today's money, a real gain of only ₹8,083. This FD barely keeps pace with inflation; consider whether this suits your goals.

FD interest is added to your income and taxed at your slab rate. At the 30% slab (income above ₹10 lakh under the new regime), the tax on ₹38,568 would be ₹12,033. At 20%, it would be ₹8,022. Banks deduct TDS at 10% if FD interest exceeds ₹40,000/year (₹50,000 for senior citizens). If your slab is higher, you will owe additional tax at filing. Estimate your slab with the Income Tax calculator.

Reinvesting ₹5,38,568 as a new FD for another 1 year at 7% gives ₹5,77,269. The power of renewal is that your interest now earns interest, compounding works even in fixed deposits if you keep reinvesting.

If you invested ₹41,667/month in an equity fund (matching total FD deposit spread monthly) at 12% for 1 years, the SIP corpus would be roughly ₹5,33,726. That is ₹4,842 less than this FD, though equity returns are volatile and unguaranteed. FDs make sense when you need certainty, not maximum growth. Model the SIP scenario with the SIP calculator.

Related questions

At 7.5% p.a. a ₹5,00,000 senior citizen FD matures to about ₹5,38,566 after 1 year. The same FD at the regular 7% rate matures to about ₹5,35,894. The extra 0.5% adds roughly ₹2,672 over 1 year. The advantage grows with tenure; at 5 years the gap becomes roughly ₹15,000 on a ₹5 lakh deposit.

At 7.5% the annual interest on a ₹5,00,000 FD is about ₹37,500 in year 1, which is below the ₹50,000 senior citizen TDS exemption. So no TDS is deducted in year 1. In subsequent years the interest grows slightly due to compounding and could approach the threshold, so monitor your total interest at the bank each year and submit Form 15H if your income is below the taxable limit.

At ₹5 lakh, both SCSS and a bank senior citizen FD are viable. SCSS at 8.2% would earn about ₹41,000 interest in year 1 (paid quarterly), while this FD earns about ₹38,566. The SCSS income is quarterly cash in hand, while the FD reinvests interest. SCSS also gives Section 80C benefit up to ₹1.5 lakh. For most senior citizens with this deposit size, SCSS is worth prioritising up to the ₹30 lakh SCSS limit.