Earnings from a ₹1 Lakh FD at 7% Interest

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A fixed deposit is an ideal choice for you if you wish to invest your savings in a safe instrument that yields regular interest income. You can gain up to 7 percent interest on a ₹1 Lakh fixed deposit and enjoy a monthly income through your savings in the fixed deposit. Banks and Non-Banking Financial Companies (NBFCs) offer attractive interest rates for fixed deposits of ₹1 Lakh. While, usually banks and NBFCs offer around 7 percent interest on a ₹1 Lakh fixed deposit, interest rates for senior citizens are slightly higher.

While a non-senior citizen will get the interest rates on fixed deposits at the usual rate ranging between 7.11% - 8.35% on fixed deposits per annum, a senior citizen can enjoy the levied interest rates on a fixed deposit as high as 8.60%. For regular returns on your ₹1 Lakh fixed deposit you can choose a non-cumulative fixed deposit type for better interest rates.

7 percent interest on ₹1 Lakh fixed deposits are also available in non-cumulative fixed deposits. Under this type of fixed deposit you can choose the term period of receiving interest amount generated from the FD per month, quarterly or yearly. Know all about getting 7 percent on ₹1 Lakhs fixed deposit comparing different interest rates offered by various financial institutions and companies. Calculate the return on your investment on various tenors with a fixed deposit calculator to help you make the right decision.

List of NBFC Offering 7 Percent Interest on ₹1 Lakh FD

Here is a list of NBFCs offering 7 and over 7 percent interest on ₹1 Lakh fixed deposits along with the term period of the fixed deposit and the interest earned by you. Have a look at the table given below :

NBFC	Tenor (months)	Interest Earned	Maturity Amount
Bajaj Finance FD	60	₹44,567	₹1,44,567
PNB Housing Finance FD	60	₹45,240	₹1,45,240
Mahindra Finance FD	60	₹46,933	₹1,46,933

List of Banks Offering 7 Percent Interest on ₹1 Lakh FD

Here is a list of banks offering around 7 percent interest on ₹1 Lakh fixed deposits along with the term period of the fixed deposit and the interest earned by you. Have a look at the table given below :

Bank	Tenor (months)	Interest Earned	Maturity Amount
ICICI Bank	60	₹44,995	₹1,44,995
HDFC	60	₹44,995	₹1,44,995
Axis Bank	60	₹45,250	₹1,45,250

Check Different Interest Rate on ₹1 Lakhs
Monthly interest on ₹5 Crores FD	Monthly interest on ₹50 Lakh FD	Monthly interest on ₹30 Lakh FD
Monthly interest on ₹20 Lakh FD	Monthly interest on ₹15 Lakhs FD	Monthly interest on ₹10 Lakh FD
Monthly interest on₹5 Lakhs FD	Monthly interest on ₹2 Lakh FD	Monthly interest on ₹1 Lakh FD

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.

What is the safest investment option to earn 7% interest for ₹1 Lakh?

While there are multiple investment options that can earn you 7 percent interest on ₹1 Lakh, Fixed Deposits are typically the safest investment option. A fixed deposit offers you security for your investment with almost no risks involved. You will also receive a guaranteed monthly, quarterly, yearly or cumulative interest amount, depending on your choice.

Can I get 7% interest on 1 Lakh FD?

Yes, you can get 7 percent interest on ₹1 Lakh. Several NBFCs and banks do offer 7 percent interest on ₹1 Lakh. Additionally if you are a senior citizen you can enjoy higher rates of interest (up to 0.25% to .75% higher). Also, fixed deposit investment enhances gradually and since they offer security they are one of the best investment options.

What is the maximum interest rate receivable for ₹1 Lakh FD?

Different interest rates for ₹1 Lakh fixed deposit are offered by different Indian banks and financial institutions. The interest rates for ₹1 Lakh fixed deposit ranges between 3% to 7%. The highest monthly interest offered for ₹1 Lakh fixed deposit is 7.65%. The interest rates for senior citizens are higher by a range of 0.25% to 0.75%.

Which bank gives 7 percent interest on FD?

Most banks offer 7 percent interest and more on fixed deposits. Depending on the tenor you choose, the interest rate can also go higher. For example, Bajaj Finance interest rates go up to 8.60% p.a. on special tenors such as 44 months.