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

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

Interactive calculator: https://awesomecalcs.com/fd-calculator/100000-senior-citizen-fd-1-year

Keywords: 1 lakh senior citizen FD 1 year maturity value, 100000 senior citizen fixed deposit 1 year returns, FD calculator 100000 senior citizen, senior citizen FD 100000, senior citizen fixed deposit interest, extra 0.5 percent FD senior citizen

## Scenario inputs

```json
{
  "inputs": {
    "principal": 100000,
    "interestRate": 7.5,
    "tenureMonths": 12
  }
}
```

## Frequently asked questions

### How much more does a senior citizen earn compared to a regular FD on ₹1,00,000 for 1 year?

At 7.5% p.a. a ₹1,00,000 senior citizen FD matures to about ₹1,07,713 after 1 year. The same FD at the regular 7% rate matures to about ₹1,07,186. The extra 0.5% adds roughly ₹527 in a single year. Over longer tenures the advantage compounds and becomes more significant.

### What is the TDS rule for senior citizen FD interest?

Under Section 194A, TDS is not deducted if the total interest across all FDs at a bank in a financial year stays within ₹50,000 (for senior citizens; the limit is ₹40,000 for others). If interest exceeds ₹50,000, TDS at 10% is deducted (20% if PAN is not provided). You can submit Form 15H to the bank if your total income is below the basic exemption limit to avoid TDS deduction.

### How does a senior citizen FD compare to SCSS for a ₹1,00,000 investment?

The Senior Citizens Savings Scheme (SCSS) currently offers 8.2% p.a. paid quarterly, higher than the 7.5% most banks offer for senior citizen FDs. SCSS allows up to ₹30 lakh, has a 5-year tenure extendable by 3 years, and qualifies for Section 80C deduction. Interest is fully taxable in both SCSS and FDs. For amounts up to ₹30 lakh with a 5-year horizon, SCSS usually beats the bank FD rate.