Source: https://awesomecalcs.com/fd-calculator/500000-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.

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

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

Interactive calculator: https://awesomecalcs.com/fd-calculator/500000-senior-citizen-fd-5-years

Keywords: 5 lakh senior citizen FD 5 years maturity value, 500000 senior citizen fixed deposit 5 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": 60
  }
}
```

## Frequently asked questions

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

At 7.5% p.a. a ₹5,00,000 senior citizen FD matures to about ₹7,22,824 after 5 years. The same FD at the regular 7% rate matures to about ₹7,07,389. The extra 0.5% adds roughly ₹15,435 over 5 years, a sum worth noting when comparing bank offers.

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

At 7.5% the annual interest on a ₹5,00,000 FD starts at about ₹37,500 in year 1 and grows each year with quarterly compounding. By year 3 and beyond the annual accrued interest can exceed the ₹50,000 senior citizen TDS exemption. Submit Form 15H at the start of each financial year if your total income is below the basic exemption limit. If you do pay TDS, you can claim it back when filing your ITR.

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

SCSS at 8.2% p.a. beats the 7.5% bank FD rate and also qualifies for Section 80C deduction up to ₹1.5 lakh. SCSS pays interest quarterly, providing regular income, whereas the FD reinvests interest for a higher lump-sum payout. If you need periodic income and can commit to 5 years, SCSS is usually the better choice. The FD suits those who prefer a single maturity payment or whose SCSS deposit already maxes out the ₹30 lakh cap.