The tenor and the interest rate you get does impact the earnings you receive when you invest ₹50,000 in a fixed deposit (FD). For instance, over 2 years, with an interest rate of 9% p.a., you can earn around ₹166 each month. If you need a higher payout, consider a longer tenor or pick an issuer that offers a better rate.  

Deposit Amount

Interest Rate

Tenure

Months

Interest Payout

At Maturity
At Maturity
Monthly
Quaterly
Half Yearly
Yearly

Invest Amount

Interest Rate

Total Interest Amount

Total Payout Principal + Interest

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Monthly Interest Payout on an FD of ₹50,000

Here is a breakdown of the monthly income you can receive on investing ₹50,000 in a fixed deposit with a tenor of 5 years:

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹50,000

6.00%

₹250

₹50,000

6.50%

₹270

₹50,000

7.00%

₹291

₹50,000

7.50%

₹312

₹50,000

8.00%

₹333

₹50,000

8.50%

₹354

₹50,000

9.00%

₹375

₹50,000

9.50%

₹395

₹50,000

10.00%

₹416

Note: The monthly payouts mentioned above are indicative, and it is imperative to check your actual returns before investing. 

Monthly Interest on an FD of ₹50,000 from Various Banks/NBFCs

As the rates offered by issuers vary, it is vital that you compare before you invest ₹50,000 in a fixed deposit. Here are the earnings you can expect from top issuers over a tenor of 5 years:

Bank/NBFC/HFC

Non-Senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

Bajaj Finance Ltd.

7.81%

₹325

8.05%

₹335

PNB Housing Finance Ltd.

7.39%

₹307

7.59%

₹316

Mahindra Finance Ltd.

7.55%

₹314

7.80%

₹325

LIC Housing Finance Ltd

7.50%

₹312

7.75%

₹322

Shriram Finance

8.47%

₹352

8.97%

₹373

ICICI Bank 

7.00%

₹291

7.50%

₹312

HDFC Bank 

7.00%

₹291

7.50%

₹312

IDFC First Bank 

7.00%

₹291

7.50%

₹312

Axis Bank 

7.00%

₹291

7.75%

₹322

IndusInd Bank 

7.25%

₹302

7.75%

₹322

YES Bank 

7.25%

₹302

8.00%

₹333

Jana Small Finance Bank 

7.25%

₹302

7.75%

₹322

Kotak Mahindra Bank

6.20%

₹258

6.70%

₹279

SBI

6.50%

₹270

7.50%

₹312

AU Small Finance Bank

7.21%

₹300

7.70%

₹320

Ujjivan Small Finance Bank

7.20%

₹ 300

7.70%

₹320

Note: The above-mentioned rates are subject to change at the discretion of the issuer.

 

Since these rates may vary, it's best to compare them on Bajaj Markets and pick an FD offering the highest rates. The entire process is quick and simple, which you can complete from the comfort of your home.

Disclaimer

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort.

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products. 

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FAQs on Monthly Interest on an FD of ₹50,000

How do you calculate interest on ₹50,000?

You can calculate the interest on ₹50,000 by using the simple interest formula, i.e., (P x R X T) ÷ 100. Here, P is the principal amount, R is the interest rate, and T is the tenor in years.

Is monthly interest payout on an FD of ₹50,000 taxable?

Yes, the bank will deduct 10% TDS from the interest earned on an FD if it exceeds ₹40,000 in a year. However, the exemption limit for senior citizens is ₹50,000.

Are there any penalties for withdrawing an FD of ₹50,000 before its maturity?

Yes, the issuer may levy a penalty if you prematurely withdraw from your fixed deposit. However, the amount and form of penalty depend on the issuer’s terms and conditions.

What if I do not renew my FD of ₹50,000 after its maturity?

If you do not renew the FD, the issuer will credit the principal and interest earned into your bank account. 

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