Source: https://awesomecalcs.com/fd-calculator/500000-senior-citizen-fd-3-years
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

---
# ₹5,00,000 Senior Citizen FD for 3 Years

> See the maturity value and total interest earned on a ₹5,00,000 senior citizen fixed deposit for 3 years at 7.5% p.a., compounded quarterly.

Interactive calculator: https://awesomecalcs.com/fd-calculator/500000-senior-citizen-fd-3-years

Keywords: 5 lakh senior citizen FD 3 years maturity value, 500000 senior citizen fixed deposit 3 years returns, FD calculator 500000 senior citizen, senior citizen FD 500000, senior citizen fixed deposit interest, extra 0.5 percent FD senior citizen

## Scenario inputs

```json
{
  "inputs": {
    "principal": 500000,
    "interestRate": 7.5,
    "tenureMonths": 36
  }
}
```

## Frequently asked questions

### How much more does a senior citizen earn compared to a regular FD on ₹5,00,000 for 3 years?

At 7.5% p.a. a ₹5,00,000 senior citizen FD matures to about ₹6,24,814 after 3 years. The same FD at the regular 7% rate matures to about ₹6,15,720. The extra 0.5% adds roughly ₹9,094 over 3 years, a meaningful difference on a ₹5 lakh corpus.

### Is TDS deducted on a ₹5,00,000 senior citizen FD over 3 years?

At 7.5% the annual interest on a ₹5,00,000 FD starts at about ₹37,500 in year 1 and rises each year as the balance grows with quarterly compounding. By year 3 the annual interest may approach or exceed the ₹50,000 senior citizen TDS threshold. Submit Form 15H at the start of each financial year if your total income falls below the basic exemption limit to prevent TDS deduction.

### How does a 3-year senior citizen FD compare to SCSS at the same amount?

SCSS has a minimum 5-year tenure, so it is not directly comparable to a 3-year FD if you need liquidity in exactly 3 years. If the 5-year lock-in is acceptable, SCSS at 8.2% p.a. would grow ₹5 lakh to about ₹7,38,000 over 5 years (approximately), beating the 3-year FD in both rate and Section 80C benefit. For a strict 3-year horizon, the bank senior citizen FD is the better fit.