What is the interest rate for a â¹50,000 FD?

The interest rate depends on the bank and the tenure you choose. It varies for 1, 3, and 5 years.

How much interest will I earn on a â¹50,000 FD for 1 year?

Interest earned depends on the bank's current rate for a 1-year FD, which is typically between 5% to 7% annually.

What is the maturity amount for a â¹50,000 FD for 3 years?

The maturity amount is the principal plus accrued interest. Use the bankâs FD calculator for exact figures.

Can I withdraw my FD before the maturity date?

Yes, premature withdrawals are allowed but may incur a penalty on the interest rate.

Is the interest earned on my FD taxable?

Yes, interest earned is taxable as per your income tax slab. TDS may be deducted if it exceeds â¹40,000 per year (â¹50,000 for seniors).

Can I reinvest the interest earned on my FD?

Yes, many banks offer cumulative FDs where the interest is reinvested along with the principal.

What is the benefit of a 5-year FD over a 1-year FD?

A 5-year FD generally offers a higher interest rate and also provides tax-saving benefits under Section 80C.

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

If you are looking to invest ₹50,000 securely, a fixed deposit is a great option. It gives you guaranteed returns for 1, 3, or 5 years, making it a reliable choice for anyone who wants steady growth without risk.

Returns as high
as 7.1%^##

Includes life cover

Completely Tax free^{^}

We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

In-built life cover

Get Guaranteed returns upto 7.1%* With Life Cover

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We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: *The Guaranteed Returns are dependent on the policy term and premium term availed along with the other variable factors. 7.1% rate of return is for an 18 years old, healthy male for a policy term of 20 years and premium term of 10 years with Rs.10,000 monthly installment premium. All plans listed here are of insurance companies’ funds.

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

₹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.

Comparison Between

Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund

Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund

Guaranteed Return Plans

Returns Before Tax

7.5% ^(TAX-FREE)

Returns After Tax

7.5%

Guaranteed Returns

Yes

Life Cover

Yes

Tax on Profit

Tax Free*

Risk

No Risk

Still Better than FD’s and Debt Mutual Fund

Fixed Deposits

Returns Before Tax

7% ^(TAXABLE)

Returns After Tax

4.8%

Guaranteed Returns

Yes

Life Cover

Tax on Profit

Taxable

Risk

Low Risk

Debt Mutual Fund

Returns Before Tax

8% ^(TAXABLE)

Returns After Tax

5.5%

Guaranteed Returns

Life Cover

Tax on Profit

Taxable

Risk

High Risk

VIEW PLANS

*For annual premium upto ₹5 Lacs

₹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.

₹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.

₹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

₹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.

₹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 interest rates India have fallen consistently over the last 12 years.

Invest in Plans that offer Guaranteed Returns for over 25 Years

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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Yes Bank NRI FD Rates

FAQs

What is the interest rate for a ₹50,000 FD?

The interest rate depends on the bank and the tenure you choose. It varies for 1, 3, and 5 years.
How much interest will I earn on a ₹50,000 FD for 1 year?

Interest earned depends on the bank's current rate for a 1-year FD, which is typically between 5% to 7% annually.
What is the maturity amount for a ₹50,000 FD for 3 years?

The maturity amount is the principal plus accrued interest. Use the bank’s FD calculator for exact figures.
Can I withdraw my FD before the maturity date?

Yes, premature withdrawals are allowed but may incur a penalty on the interest rate.
Is the interest earned on my FD taxable?

Yes, interest earned is taxable as per your income tax slab. TDS may be deducted if it exceeds ₹40,000 per year (₹50,000 for seniors).
Can I reinvest the interest earned on my FD?

Yes, many banks offer cumulative FDs where the interest is reinvested along with the principal.
What is the benefit of a 5-year FD over a 1-year FD?

A 5-year FD generally offers a higher interest rate and also provides tax-saving benefits under Section 80C.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)

** Fixed deposit rate applicable for 5 year's 1 day to 10 years for investment amount less< 2 Crore ( Not for senior citizens).

*** PPF interest rate applicable for 15 years for investment amount upto 1.5 Lac

+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023

#Discount offered by insurance company

## The Guaranteed Returns are dependent on the policy term and premium term availed along with the other variable factors. 7.1% rate of return is for an 18 years old, healthy male for a policy term of 20 years and premium term of 10 years with Rs.10,000 monthly installment premium. All plans listed here are of insurance companies’ funds.

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