RS 10,00,000 ONE-TIME INVESTMENT IN 5-YEAR SENIOR CITIZEN FD: SBI, HDFC BANK, ICICI BANK, PNB OR AXIS BANK — WHICH GIVES BETTER RETURNS?

Fixed deposits (FDs) are a popular choice among senior citizens looking for predictable returns and regular income from their savings. However, interest rates can vary across banks, making the choice of FD important when investing a large amount.

If you are planning a one-time investment of Rs 10 lakh in a five-year senior citizen FD, how much interest can you earn from SBI, HDFC Bank, ICICI Bank, PNB and Axis Bank? Here's a look at the annual interest and estimated five-year maturity value at the rates provided.

Note: The annual interest figures below are calculated by applying the stated rate to the Rs 10 lakh investment. The maturity values are illustrative calculations assuming a cumulative FD with quarterly compounding for five years, before tax. Actual maturity amounts can vary according to each bank's applicable FD terms, compounding method and payout option.

SBI Senior Citizen FD: Rs 10 lakh investment

SBI offers an interest rate of 7.05 per cent per annum on the five-year FD for senior citizens, based on the rate provided.

For an investment of Rs 10 lakh:

• Investment: Rs 10,00,000
• Interest rate: 7.05 per cent
• Annual interest: Rs 70,500
• Estimated five-year maturity: Rs 14,18,258

At the stated rate, the annual interest works out to Rs 70,500. Assuming quarterly compounding and a cumulative FD, the Rs 10 lakh investment could grow to around Rs 14.18 lakh after five years.

HDFC Bank Senior Citizen FD: Rs 10 lakh investment

HDFC Bank offers 6.90 per cent per annum to senior citizens on an FD with a tenure of 4 years 7 months 1 day to five years, based on the rate provided.

For an investment of Rs 10 lakh:

• Investment: Rs 10,00,000
• Interest rate: 6.90 per cent
• Annual interest: Rs 69,000
• Estimated five-year maturity: Rs 14,07,842

At this rate, the annual interest on Rs 10 lakh would be Rs 69,000. Under the stated quarterly-compounding assumption, the estimated maturity value is around Rs 14.08 lakh.

ICICI Bank Senior Citizen FD: Rs 10 lakh investment

ICICI Bank offers 7.10 per cent per annum to senior citizens for the applicable five-year FD tenure, based on the rate provided.

For an investment of Rs 10 lakh:

• Investment: Rs 10,00,000
• Interest rate: 7.10 per cent
• Annual interest: Rs 71,000
• Estimated five-year maturity: Rs 14,21,747

At the stated rate, the annual interest would be Rs 71,000. Assuming quarterly compounding, the estimated maturity value would be around Rs 14.22 lakh.

PNB Senior Citizen FD: Rs 10 lakh investment

PNB offers 6.85 per cent per annum on the five-year FD based on the rate provided.

For an investment of Rs 10 lakh:

• Investment: Rs 10,00,000
• Interest rate: 6.85 per cent
• Annual interest: Rs 68,500
• Estimated five-year maturity: Rs 14,04,386

At this rate, the annual interest would be Rs 68,500. With quarterly compounding, the estimated maturity value works out to around Rs 14.04 lakh.

Axis Bank Senior Citizen FD: Rs 10 lakh investment

Axis Bank offers 7.25 per cent per annum on the five-year FD based on the rate provided.

For an investment of Rs 10 lakh:

• Investment: Rs 10,00,000
• Interest rate: 7.25 per cent
• Annual interest: Rs 72,500
• Estimated five-year maturity: Rs 14,32,261

At the stated rate, the annual interest would be Rs 72,500. Assuming quarterly compounding, the estimated maturity value would be around Rs 14.32 lakh.

Rs 10 lakh senior citizen FD: How much will it become in 5 years?

If the Rs 10 lakh investment is placed in a cumulative FD and the stated rate is assumed to compound quarterly for five years, the estimated maturity values are:

• Axis Bank - 7.25%: Rs 14,32,261
• ICICI Bank - 7.10%: Rs 14,21,747
• SBI - 7.05%: Rs 14,18,258
• HDFC Bank - 6.90%: Rs 14,07,842
• PNB - 6.85%: Rs 14,04,386

The difference between the highest and lowest estimated maturity values is Rs 27,875.

SBI, HDFC Bank, ICICI Bank, PNB or Axis Bank — which gives better returns?

Based on the rates provided, Axis Bank offers the highest rate among the five banks at 7.25 per cent per annum. On a Rs 10 lakh investment, this translates into Rs 72,500 in annual interest and an estimated maturity value of Rs 14,32,261 under the quarterly-compounding assumption.

ICICI Bank follows with a rate of 7.10 per cent, giving Rs 71,000 in annual interest and an estimated maturity value of Rs 14,21,747. SBI offers 7.05 per cent, translating into Rs 70,500 in annual interest and an estimated maturity value of Rs 14,18,258.

HDFC Bank and PNB offer 6.90 per cent and 6.85 per cent, respectively. Their estimated maturity values work out to Rs 14,07,842 and Rs 14,04,386 under the same calculation.

Therefore, based purely on the rates provided, Axis Bank offers the highest return among the five, while PNB offers the lowest. The actual FD maturity amount can differ depending on the bank's applicable compounding and deposit terms.

Senior citizens should also compare the FD tenure, interest payout frequency, premature withdrawal rules, deposit insurance coverage and tax implications before investing. FD interest is taxable according to applicable income-tax rules.

The rates mentioned above are based on the figures provided for this comparison. Bank FD rates can change, so investors should confirm the applicable rate and maturity value with the respective bank before booking a deposit. Current published comparisons also show that senior-citizen FD rates vary across major banks and can be revised over time.

Disclaimer: This is not investment advice. Do your own due diligence or consult an expert for financial planning.

Read More: Rs 10 lakh in one FD or Rs 1 lakh in 10 FDs: Which is better for a 10-year investment?

2026-08-12T08:14:14Z