Source: https://awesomecalcs.com/fd-calculator/1000000-senior-citizen-fd-5-years
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

---
# ₹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.

Interactive calculator: https://awesomecalcs.com/fd-calculator/1000000-senior-citizen-fd-5-years

Keywords: 10 lakh senior citizen FD 5 years maturity value, 1000000 senior citizen fixed deposit 5 years returns, FD calculator 1000000 senior citizen, senior citizen FD 1000000, senior citizen fixed deposit interest, extra 0.5 percent FD senior citizen

## Scenario inputs

```json
{
  "inputs": {
    "principal": 1000000,
    "interestRate": 7.5,
    "tenureMonths": 60
  }
}
```

## Frequently asked questions

### How much more does a senior citizen earn compared to a regular FD on ₹10,00,000 for 5 years?

At 7.5% p.a. a ₹10,00,000 senior citizen FD matures to about ₹14,45,649 after 5 years. The same FD at the regular 7% rate matures to about ₹14,14,778. The extra 0.5% adds roughly ₹30,871 over 5 years, a substantial gap on a ₹10 lakh deposit.

### Is TDS deducted on a ₹10,00,000 senior citizen FD over 5 years?

Yes. At 7.5% the annual interest starts at about ₹75,000 in year 1 and grows each year, always well above the ₹50,000 senior citizen TDS threshold. TDS at 10% is deducted on the excess each year. Submit Form 15H at the start of each financial year if your income is below the taxable limit, or plan for the TDS and claim it back via your ITR if applicable.

### How does a ₹10,00,000 senior citizen FD compare to SCSS for 5 years?

SCSS at 8.2% p.a. generates about ₹82,000 per year in quarterly interest on ₹10 lakh, with a Section 80C deduction on the principal. Over 5 years the SCSS payout would be roughly ₹4,10,000 in interest (simple basis; actual may differ slightly). The bank FD at 7.5% earns about ₹4,45,649 due to quarterly compounding reinvestment. If you need periodic income, SCSS wins; if you prefer reinvestment and a larger lump sum at the end, the FD is competitive.