FD Return Calculation 5 Years: If you are also thinking of keeping money in bank FD (Fixed Deposit), then leading banks of the country like SBI, HDFC, Punjab National Bank (PNB) and ICICI are offering attractive interest rates on 5-year FD to senior citizens. It is a popular investment option especially for senior citizens offering safe and certain returns.
If you are planning to invest ₹50,000 or ₹1 lakh in lump sum in 5 year FD scheme for senior citizens, below is the complete calculation of returns based on the rates of these 4 major banks.
1. State Bank of India (SBI)
Annual on 5 year FD to SBI Senior Citizens 7.05% is giving an interest rate of
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On an investment of ₹50,000: After 5 years the total will be ₹70913 (wherein the annual interest comes to around ₹3525).
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On an investment of ₹1,00,000: After 5 years the total return will be ₹1,41,826 (in which annual interest is ₹7050).
2. HDFC Bank
6.90 per annum to HDFC Bank Senior Citizens for a period ranging from 4 years 7 months 1 day to 5 years% gives interest.
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On an investment of ₹50,000: After 5 years the total will be ₹70,392.
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On an investment of ₹1,00,000: After 5 years the total return will be ₹1,40,784.
3. ICICI Bank
ICICI Bank offers a rate of 7.10% per annum on a 5-year FD to senior citizens.
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On an investment of ₹50,000: After 5 years you will get a total of ₹ 71,087.
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On an investment of ₹1,00,000: After 5 years the total return will be ₹1,42,175.
4. Punjab National Bank (PNB)
PNB Bank is offering 6.85% interest per annum to senior citizens on 5-year FDs.
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On an investment of ₹50,000: After 5 years the total will be ₹70,219.
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On an investment of ₹1,00,000: After 5 years the total return will be ₹1,40,439.
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