Saving money and letting it grow is one of the best financial decisions today.
Fixed deposits (FDs) are a popular option, especially among senior citizens who look for security and guaranteed returns.
But even the general public is turning to FDs, as they offer safe, predictable earnings over time.
An FD not only keeps your money secure but also gives interest after a certain period, making it a simple and reliable investment.
How Much Can You Earn With Rs 5 Lakh in 1 Year?
Let’s take an example: if you invest Rs 5,00,000 in a 1-year FD, here’s what you can earn across different banks for general public and senior citizens:
State Bank of India (SBI)
General Public: 6.25% interest → Maturity value: Rs 5,31,250 → Profit: Rs 31,250
Senior Citizen: 6.75% interest → Maturity value: Rs 5,33,750 → Profit: Rs 33,750
Bank of Baroda (BoB)
General Public: 6.5% interest → Maturity value: Rs 5,32,500 → Profit: Rs 32,000
Senior Citizen: 7% interest → Maturity value: Rs 5,35,000 → Profit: Rs 35,000
Punjab National Bank (PNB)
General Public: 6.25% interest → Maturity value: Rs 5,31,250 → Profit: Rs 31,250
Senior Citizen: 6.75% interest → Maturity value: Rs 5,33,750 → Profit: Rs 33,750
HDFC Bank
General Public: 6.25% interest → Maturity value: Rs 5,31,250 → Profit: Rs 31,250
Senior Citizen: 6.75% interest → Maturity value: Rs 5,33,750 → Profit: Rs 33,750
ICICI Bank
General Public: 6.25% interest → Maturity value: Rs 5,31,250 → Profit: Rs 31,250
Senior Citizen: 6.75% interest → Maturity value: Rs 5,33,750 → Profit: Rs 33,750
Bottom Line
Whether you are a senior citizen or part of the general public, fixed deposits remain a reliable way to earn guaranteed returns.
Investing Rs 5 lakh for one year can give a profit ranging from Rs 31,250 to Rs 35,000, depending on the bank and your age category.
FDs are ideal for anyone looking to save safely while earning a predictable return.
