If you have excess funds available and want to park it in a Fixed Deposit (FD), it’s best to determine your potential returns first. Depositing even a small sum of ₹50,000 could fetch significant returns over a course of time with attractive interest rates being offered by various financial institutions. 

 

Find out more about the applicable interest rates offered by multiple issuers before you start your investment journey.

Monthly Interest Payout on ₹50,000 Fixed Deposit

The monthly interest on FDs generally ranges between 6.00% p.a and 10.00% p.a. The table below shows an estimate of the monthly interest you would earn on a ₹50,000 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%

₹271

₹50,000

7.00%

₹292

₹50,000

7.50%

₹313

₹50,000

8.00%

₹333

₹50,000

8.50%

₹354

₹50,000

9.00%

₹375

₹50,000

9.50%

₹396

₹50,000

10.00%

₹417

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Issuer

Type

Interest Rate for Non-Senior Citizen

Monthly Interest Amount

Total Payout at Maturity

Bajaj Finance Ltd.

NBFC

8.05% p.a

₹ 324

₹ 72,687

PNB Housing Finance Ltd.

NBFC

7.50% p.a.

₹ 302

₹ 70,950

Mahindra Finance Ltd.

NBFC

8.05% p.a.

₹ 313

₹ 71,787

AU Small Finance Bank

Bank

7.25% p.a.

₹ 360

₹ 71,613

YES Bank

Bank

7.25% p.a.

₹ 360

₹ 71,613

Ujjivan Small Finance Bank

Bank

7.20% p.a

₹ 300

₹ 70,785

*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.  

Issuer

Type

Interest Rate for Senior Citizen

Monthly Interest Amount

Total Payout at Maturity

Bajaj Finance Ltd.

NBFC

8.30% p.a.

₹ 333

₹ 73,466

PNB Housing Finance Ltd.

NBFC

7.75% p.a.

₹ 313

₹ 71,781

Mahindra Finance Ltd.

NBFC

8.30% p.a.

₹ 323

₹ 72,620

AU Small Finance Bank

Bank

7.75% p.a.

₹ 390

₹ 73,392

YES Bank

Bank

8.00% p.a.

₹ 404

₹ 74,297

Ujjivan Small Finance Bank

Bank

7.70% p.a

₹ 321

₹ 72,451

*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.  

Other Issuers

Issuer

Type

Interest Rate for Non-Senior Citizen

Monthly Interest Amount

Total Payout at Maturity

ICICI Bank

Bank

6.75% p.a

₹ 281

₹ 69,312

HDFC Bank

Bank

7.00% p.a

₹ 292

₹ 70,128

IDFC First Bank

Bank

7.00% p.a

₹ 292

₹ 70,128

Axis Bank

Bank 

7.00% p.a

₹ 292

₹ 70,128

IndusInd Bank

Bank

7.25% p.a

₹ 302

₹ 70,951

Jana Small Finance Bank

Bank

6.00% p.a

₹ 250

₹ 66,911

Kotak Mahindra Bank

Bank

6.25% p.a

₹ 260

₹ 67,704

Muthoot Finance

NBFC

7.00% p.a

₹ 292

₹ 70,128

LIC Housing Finance

NBFC

7.75% p.a

₹ 323

₹ 72,620

Shriram Finance

NBFC

8.18% p.a

₹ 341

₹ 74,081

*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.  

Issuer

Type

Interest Rate for Senior Citizen

Monthly Interest Amount

Total Payout at Maturity

ICICI Bank

Bank

6.75% p.a

₹ 281

₹ 69,312

HDFC Bank

Bank

7.50% p.a

₹ 313

₹ 71,781

IDFC First Bank

Bank

7.50% p.a

₹ 313

₹ 71,781

Axis Bank

Bank 

7.75% p.a

₹ 323

₹ 72,620

IndusInd Bank

Bank

7.75% p.a

₹ 323

₹ 72,620

Jana Small Finance Bank

Bank

6.50% p.a

₹ 271

₹ 68,504

Kotak Mahindra Bank

Bank

6.25% p.a

₹ 260

₹ 67,704

Muthoot Finance

NBFC

7.25% p.a

₹ 302

₹ 70,951

LIC Housing Finance

NBFC

8.00% p.a

₹ 333

₹ 73,466

Shriram Finance

NBFC

8.68% p.a

₹ 362

₹ 75,809

*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.  

 

Since these rates may vary, it's best to check the interest rates on the issuer’s website before opting for an FD. With this enhanced knowledge of your potential earnings via FDs, consider shifting your idle surplus to these secure, savings tools. 

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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Frequently Asked Questions

How do you calculate interest on ₹50,000?

You can calculate the interest on ₹50,000 by using the simple formula for calculating simple interest is:

 

  1. (P x r x t) ÷ 100.

  2. (P x r x t) ÷ (100 x 12)

  3. FV = P x (1 + (r x t))

Example 1 : If you invest ₹50,000 in a fixed deposit account for a period of 1 year at an interest rate of 8%, then the simple interest earned will be:

 

(50,000 x 8 x 1) ÷ 100 = Rs.4,000

 

The interest you will receive at the end of the 1-year term period will be Rs.4,000. Therefore, the maturity amount of the 1-year fixed deposit on ₹50,000 will be ₹54,000.

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