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.
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 |
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 |
*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 |
*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.
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.
Check the Monthly Interest Rate on your Fixed Deposits |
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You can calculate the interest on ₹50,000 by using the simple formula for calculating simple interest is:
(P x r x t) ÷ 100.
(P x r x t) ÷ (100 x 12)
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.