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

An individual pays a lump sum in a bank for a fixed period or tenure agreed between the investor and the bank at a predetermined rate of interest. Upon the expiry or maturity of the term, fixed by the banker, the beneficiary receives the amount along with the compound interest. 

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

1. INR 50,000 FD for 1 Year Tenure

   The rate of interest on INR 50,000 FD for 1 year may vary from bank to bank. In addition, the FD interest rates explicitly depends on the age of the citizen. For example, in the case of a normal citizen, the rate of interest could be low. However, in the case of senior citizens, the interest rate of INR 50,000 FD for 1 year might be high. Nevertheless, there is only a minor difference between the rates of interest among citizens.

   Bank	Regular FD Rates (Per Annum)	Senior Citizen Rates (Per Annum)
   ESAF Small Finance Bank FD	5.50%	6.00%
   Kerala Transport Development Finance Corporation Limited (KTDC) FD	7.00%	7.25%
   Utkarsh Small Finance Bank FD	7.50%	8.25%
   Fincare Small Finance Bank FD	7.25%	7.75%
   Punjab and Sind Bank FD	6.25%	6.75%
   Repco Bank FD	6.75%	7.25%

   

2. INR 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 INR 50,000 FD for 1 year. One may obtain 6.75 % as an annual rate of return on INR 50,000 FD for 1 year in SBI. However, before opening an FD account, an individual must compare the rate of interest with other banks. For example, Shriram Finance FD provides better returns as compared to the State Bank of India. The annual rate of interest of Shriram Finance FD stands at 7.86% for normal citizens. However, the fund house provides an 8.36% annual rate of interest for senior citizens. Therefore, if an individual obtains INR 50,000 FD for 1 year in SBI, then he is likely to receive INR 6,963 as interest. However, if an individual obtains INR 50,000 FD for 1 year in Shriram Finance FD, he is entitled to receive INR 8,149.

3. INR 50,000 FD for 3 Year 

   An investor may choose the FD plan for the short and long term. In order to meet the long-term goal, such as marriage, education, etc., an individual 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., three years is likely to be an ideal period. Therefore, one may consider depositing INR 50,000 for three years in his choice of bank. 

   In the following table, let us discuss the interest rate provided by banks for three years.

   Banks	Maturity Period	Interest Rate % (Per Annum)
   DCB Bank Limited	3 year	7.50
   Bandhan Bank Limited	3 year	7.00
   Deutsche Bank	3 year	7.00
   City Union Bank Limited	3 year	7.00
   Yes Bank	3 year	6.75
   IndusInd Bank	3 year	6.75
   Union Bank of India	3 year	6.70
   Corporation Bank	3 year	6.70
   Andhra Bank	3 year	6.70
   IDFC First Bank	3 year	6.50
   Syndicate Bank	3 year	6.50
   Canara Bank	3 year	6.50
   Kotak Mahindra Bank Limited	3 year	6.25
   Oriental Bank of Commerce	3 year	6.25
   United Bank of India	3 year	6.25
   Laxmi Vilas Bank	3 year	6.25
   Punjab National Bank	3 year	6.25
   HDFC Bank	3 year	6.25

   

4. INR 50,000 FD for 5 Years in SBI

   Individuals may consider depositing INR 50,000 FD for 5 years in SBI for medium-term planning. The SBI offers a 6.75% rate of annual returns to an individual. Hence, if individual deposits INR 50,000 FD for 5 years in SBI, then he is likely to receive INR 21,768 wealth, and his total returns on the INR 50,000 FD for 5 years in SBI then the investment is expected to reach INR 71,768. 

   However, as mentioned earlier, a depositor must compare the interest rate of a particular bank with other banks in India providing the same services at different rates of return. For example, Shriram Finance FD offers its depositor a 7.86% annual rate of returns. Hence, if a depositor paid INR 50,000 FD for 5 years, he is likely to accumulate a significant interest of INR 23,976. Therefore, if the funds are deposited in Shriram Finance FD, the depositor is expected to receive INR 73,976. It is suggested to check the highest FD rates before investing in fixed deposits.

5. INR 50,000 FD for 5 Years Post Office

   Post office FD is one of the oldest ways to save and grow wealth. It is undoubtedly the preferred form of investment. The post office fixed deposit or post office time deposit is the safest tool since it is backed by the government of India. Therefore, the funds of the depositor are safe and secure, and he may expect a considerable return at the end of maturity of the predetermined period. 

   A depositor may consider allocating INR 50,000 FD for 5 years in the post office and expect a 7.0% rate of returns annually. In addition, the rate remains the same for every individual. For example, a normal and a senior citizen fetch an identical rate of returns from post office FD.

6. INR 50,000 FD for 1, 3, and 5 Years Post Office

   Investment Amount	Year	Maturity Amount
   INR 50,000	1	INR 53,402
   INR 50,000	2	INR 57,262
   INR 50,000	3	INR 61,463
   INR 50,000	4	INR 66,103
   INR 50,000	5	INR 70,881

Bank FD Interest Rates

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Fixed Deposit Account Advantages and Disadvantages

HDFC Bank FD Interest Rates

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ICICI Bank FD Interest Rates

IDBI Bank FD Interest Rates

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Indian Bank FD Interest Rates

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Kotak Mahindra Bank FD Interest Rates

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Paytm Payments Bank FD Interest Rates

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Saurashtra Gramin Bank FD Interest Rates

SBI FD Interest Rates

Shriram Finance FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Mysore FD Interest Rates

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Syndicate Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

UCO Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Union Bank of India FD Interest Rates

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Vijaya Bank FD Interest Rates

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Conclusion

The rate of interest on INR 50,000 FD for 1 year in SBI or any other bank is comparatively low when compared to INR 50,000 FD for 5 years in SBI. The reason behind the low and high rate is the number of the period as depositor remains invested. For example, if a depositor wishes to stay invested for the long run, he is likely to receive a high rate of interest. In addition, if a depositor has planned for the short run, the rate of returns is expected to be significantly low. To get the better estimate of FD returns, FD calculator 2023 online tool can be used.

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