₹50,000 Fixed Deposits for 1, 3, and 5 Years

What is a Fixed Deposit?

Fixed Deposits are the most popular financial instrument in India. It is the most preferred method to save money for future requirements and necessities. You pay a lump sum in a bank for a fixed tenure at a predetermined rate of interest. Upon the end or maturity of the tenure, you receive the amount along with the compound interest. 

A fixed deposit is considered a safe investment option which offers guaranteed returns and tax benefits under Section 80C with the 5-Year Tax-saving FDs.

Interest on ₹50,000 Fixed Deposits for 1, 3 and 5 Years

1. ₹50,000 FD for 1 Year Tenure

   The rate of interest on ₹50,000 FD for 1 year may vary from bank to bank. In addition, the FD interest rates explicitly depend on the age of the citizen. For example, in the case of a regular citizen, the rate of interest could be low. However, in the case of senior citizens, the interest rate of ₹50,000 FD for 1 year could be high by 50% - 0.60%.

   Bank	Regular FD Rates (Per Annum)	Senior Citizen Rates (Per Annum)
   DCB Bank Limited	7.75%	8.25%
   Bandhan Bank Limited	7.25%	7.75%
   Deutsche Bank	7.50%	8.00%
   City Union Bank Limited	6.50%	7.00%
   Yes Bank	7.50%	8.00%
   IndusInd Bank	7.75%	8.25%
   Union Bank of India	6.70%	7.20%
   IDFC First Bank	7.50%	8.00%
   Canara Bank	6.70%	7.20%
   Kotak Mahindra Bank Limited	7.00%	7.50%
   Punjab National Bank	6.75%	7.25%
   HDFC Bank	6.80%	7.30%

   *FD interest rates as of September 2024.

   Information About

   Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund

   Guaranteed Return Plans, Fixed Deposits &
   Debt Mutual Fund

   Guaranteed Return Plans

   Returns Before Tax

   7.1% ^(TAX-FREE)

   Returns After Tax

   7.1%

   Guaranteed Returns

   Yes

   Life Cover

   Yes

   Tax on Profit

   Tax Free*

   Risk

   No Risk

   Fixed Deposits

   Returns Before Tax

   7% ^(TAXABLE)

   Returns After Tax

   4.8%

   Guaranteed Returns

   Yes

   Life Cover

   No

   Tax on Profit

   Taxable

   Risk

   Low Risk

   Debt Mutual Fund

   Returns Before Tax

   8% ^(TAXABLE)

   Returns After Tax

   5.5%

   Guaranteed Returns

   No

   Life Cover

   No

   Tax on Profit

   Taxable

   Risk

   High Risk

   VIEW PLANS

   *For annual premium upto ₹5 Lacs

2. ₹50,000 FD for 1 Year in SBI (State Bank of India)

   State Bank of India is a noteworthy bank to open an account of ₹50,000 FD for 1 year. One may obtain the following interest for regular and senior citizens:

   Category	Interest Rate (per annum)	Interest Earned
   Regular FD	6.80%	₹3,488
   Senior Citizen FD	7.30%	₹3,751

   *These rates apply to domestic term deposits below ₹2 crores.
   **Interest rates as of September 2024.

3. ₹50,000 FD for 3 Years

   You can choose the FD plan for both short and long term as per your financial needs. In order to meet the long-term goal, such as marriage, education, etc., you must deposit a fixed amount for 5 to 10 years. However, in order to meet the short-term goal, such as buying a car, planning a vacation trip, etc., 3 years is likely to be an ideal period. Therefore, you may consider depositing ₹50,000 for 3 years in your choice of bank.

   In the following table, let us discuss the interest rate provided by banks for 3-year tenure:

   Bank	Regular FD Rates (Per Annum)	Senior Citizen Rates (Per Annum)
   DCB Bank	7.85%	8.35%
   Bandhan Bank	7.50%	8.00%
   Deutsche Bank	7.00%	Not Available
   City Union Bank	6.50%	7.00%
   Yes Bank	7.75%	8.25%
   IndusInd Bank	7.50%	8.00%
   Union Bank of India	6.70%	7.20%
   IDFC First Bank	7.75%	8.25%
   Canara Bank	6.70%	7.20%
   Kotak Mahindra Bank	7.00%	7.50%
   HDFC Bank	7.00%	7.50%
   Punjab National Bank	6.75%	7.25%

   *Interest rates as of September 2024.

4. ₹50,000 FD for 3 Years in SBI

   A fixed deposit (FD) of ₹50,000 for 3 years in SBI offers a secure and steady return on your investment. The following table shows the interest earned on investing ₹50,000 for 3 years in SBI:

   Category	Interest Rate (per annum)	Interest Earned
   Regular FD	6.75%	₹11,120
   Senior Citizen FD	7.25%	₹12,027

   

5. ₹50,000 FD for 5 Year Tenure

   Following are the current Fixed Deposit interest rates for a 5-year tenure, both for regular and senior citizens:

   Banks	Regular FD Rates (Per Annum)	Senior Citizen Rates (Per Annum)
   DCB Bank Limited	7.60%	8.10%
   Bandhan Bank Limited	7.25%	8.00%
   Deutsche Bank	7.00%	Not available
   City Union Bank Limited	6.75%	7.25%
   Yes Bank	7.50%	8.00%
   IndusInd Bank	7.75%	8.25%
   Union Bank of India	6.70%	7.20%
   IDFC First Bank	7.75%	8.25%
   Canara Bank	6.70%	7.20%
   Kotak Mahindra Bank Ltd	7.00%	7.50%
   Oriental Bank of Commerce	6.70%	7.20%
   United Bank of India	6.70%	7.20%
   Laxmi Vilas Bank	7.50%	8.00%
   Punjab National Bank	6.70%	7.20%
   HDFC Bank	7.00%	7.75%

   *Interest rates as of September 2024.

6. ₹50,000 FD for 5 Years in SBI

   You may consider depositing INR 50,000 FD for 5 years in SBI for long-term planning. The SBI offers the following interest rates on ₹50,000 FD for 5 years: 

   Category	Interest Rate (per annum)	Interest Earned
   Regular FD	6.75%	₹11,120
   Senior Citizen FD	7.25%	₹12,027

Before choosing an FD scheme for a 5-year tenure, you must compare the interest rate of SBI bank with other banks in India providing the same services at different rates of return. 

FD Calculator

A fixed deposit (FD) scheme is a safe and reliable way to grow your savings over time. If you are considering a ₹50,000 FD for 1, 3, or 5 years, it is important to understand how much interest you will earn and what the final maturity amount will be. An FD calculator makes this process simple by showing you the estimated returns based on the tenure, interest rate, and compounding frequency.

Conclusion

Investing ₹50,000 into a fixed deposit for 1, 3, or 5 years is a secure and steady way to build your savings. A shorter duration, such as 1 year, lets you access your funds sooner, while longer terms, like 3 or 5 years, tend to offer higher interest rates, which means greater returns. The best option depends on your financial goals and how soon you may need the money.

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