FD calculator: Maturity on Rs 5L investment for 5 yrs

For senior citizens investing Rs 5 lakh in a five-year Fixed Deposit (FD), the maturity amount and total interest earned varies slightly among major banks. SBI offers an 7.05% interest rate, resulting in a maturity amount of Rs 7,09,129 after five years, with approximately Rs 2,09,129 earned in interest. PNB provides a 6.80% rate, leading to a maturity amount of Rs 7,00,469 and Rs 2,00,469 in interest.

Canara Bank offers 6.75%, with a maturity amount of Rs 6,98,749 and Rs 1,98,749 in interest. HDFC Bank has a 6.65% rate, yielding a maturity of Rs 6,95,322 and Rs 1,95,322 in interest. ICICI Bank provides the highest rate at 7.10%, giving a maturity amount of Rs 7,10,873 and Rs 2,10,173 in interest, making it the most lucrative option for this investment amount and tenure among the listed banks.