How much interest will I earn on a ₹50,000 FD for 1 year?

The interest you will earn on a ₹50,000 Fixed Deposit (FD) for 1 year depends on the interest rate offered by the financial institution.

For example, for a ₹50,000 Fixed Deposit with a tenure of 1 year, the approximate monthly interest payouts are:

• 6.00% p.a.: ₹2,000
• 6.50% p.a.: ₹2,167
• 7.00% p.a.: ₹2,333
• 7.50% p.a.: ₹2,500
• 8.00% p.a.: ₹2,667
• 8.50% p.a.: ₹2,833
• 9.00% p.a.: ₹3,000

These are approximate figures, and the exact monthly payout can vary based on the compounding frequency (monthly, quarterly, annually) chosen by the FD provider. Financial institutions that compound interest more frequently (e.g., monthly) can provide slightly higher returns. Additional benefits may be given to women and senior citizen investors. Furthermore, generally, auto-renewals of FD may receive an additional interest rate.

Please check with your bank or non-banking financial institution (NBFC) for the latest interest rates and precise payout details.