FD Calculator for ₹5 Lakh
Investing ₹5 Lakh in an FD provides a steady income or a safe corpus for future use. Many Indian banks offer additional 0.5% interest for senior citizens, which significantly impacts the maturity of this amount.
Rs.
%
Maturity Amount
₹6,20,273
Invested Amount₹5,00,000
Interest Earned₹1,20,273
Maturity Value₹6,20,273
FD calculations assume quarterly compounding. Rates and payout rules vary by bank.
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Maturity Details for FD Calculator for ₹5 Lakh
Enter ₹5,00,000. Adjust the interest rate based on current bank offers (usually 6.5% - 7.5% for regular citizens).
₹5 Lakh for 3 Years
At 7.25% interest, a ₹5,00,000 FD matures to ₹6,20,446 after 3 years.
Fixed Deposit FAQs
What is the max FD limit?
There is no upper limit for FD investments in India, but TDS applies to interest above ₹40,000 (₹50,000 for seniors).