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Monthly Interest on a ₹1.5 Crore FD in 2026

Maturity Amount

₹12,64,264

Interest Earned

₹2,64,264

Deposit Amount

₹10,00,000

ROI

8.15%

p.a.

Maturity Month

Feb 2028

Deposit Amount

Min Max

Tenure

Total Maturity Payout

Get Returns up to 8.15%* p.a.

Disclaimer : This calculator provides generic interest and maturity amount calculations based on inbuilt algorithms.

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Fixed deposits can be a suitable option if you have a large investment corpus and want a regular income stream. By investing ₹1.5 Crore in an FD with a monthly payout option, you can earn interest at fixed intervals and use it to meet recurring financial needs.

For example, at an interest rate of 6.5% p.a., a ₹1.5 Crore FD can generate a monthly payout of ₹81,250. At 8% p.a., the monthly interest payout increases to ₹1 Lakh. The exact earnings depend on the applicable fixed deposit interest rates, tenure, and payout frequency.

It is important to compare monthly interest for ₹1.5 crore fixed deposit options across issuers before investing. This can help you maximise your returns and choose an FD that aligns with your income requirements.

Monthly Interest Payout on a Fixed Deposit of ₹1.5 Crores in 2026

The table below illustrates the 1.5 crore FD interest per month at different interest rates for a tenure of 5 years:

Deposit Amount	Interest Rate (p.a.)	Monthly Interest Payout
₹1.5 Crores	6.00%	₹75,000
₹1.5 Crores	6.50%	₹81,250
₹1.5 Crores	7.00%	₹87,500
₹1.5 Crores	7.50%	₹93,750
₹1.5 Crores	8.00%	₹1,00,000
₹1.5 Crores	8.50%	₹1,06,250
₹1.5 Crores	9.00%	₹1,12,500
₹1.5 Crores	9.50%	₹1,18,750
₹1.5 Crores	10.00%	₹1,25,000

Note: These values are for illustrative purposes only. Actual ₹1.5 crore FD returns may vary based on the issuer, tenure, payout option, and applicable terms and conditions.

Monthly Interest on an FD of ₹1.5 Crores Offered by Banks and NBFCs

Refer to the table below for monthly interest on ₹1.5 Crore FD for 5 years from some of the top banks and NBFCs:

Bank/NBFC/HFC	Non-senior Citizen (p.a.)	Correct Monthly Interest Payout	Senior Citizen (p.a.)	Correct Monthly Interest Payout
Bajaj Finance Ltd.	7.40%	₹92,500	7.75% p.a.	₹96,875
Mahindra Finance Ltd.	7.00%	₹87,500	7.25% p.a.	₹90,625
Shriram Finance	7.60%	₹95,000	8.15% p.a.	₹97,500

Note: The above rates may change at the bank or NBFCs discretion.

Interest Payout on ₹1.5 Crores FD Based on Tenure

Here's a table outlining the maturity amounts for a ₹1.5 Crore FD at an interest rate of 6.50% p.a. See how the yearly payout differs across tenures:

Tenure	Yearly Payout
1 Year (12 Months)	₹1,59,75,000
2 Years (24 Months)	₹1,70,13,375
3 Years (36 Months)	₹1,81,19,244
4 Years (48 Months)	₹1,92,96,995
5 Years (60 Months)	₹2,05,51,300

Note: The figures above are for illustration purposes only. Actual interest rates and payouts may vary across different banks and NBFCs.

NRI Fixed Deposit Rates for ₹1.5 Crore Offered by Banks and NBFCs

Non-resident Indians (NRIs) have the option to invest in fixed deposits through Non-resident External (NRE) and Non-resident Ordinary (NRO) accounts provided by banks and NBFCs.

Below are the interest rates for NRO and NRE fixed deposits:

Bank/NBFC/HFC	NRO	NRE
Bajaj Finance Ltd.	8.35%	-

Note: The above-mentioned rates are subject to change at the bank or NBFC's discretion.

Penalty for Premature Withdrawal of an FD of ₹1.5 Crores

Withdrawing funds from your fixed deposit before it reaches maturity can lead to reduced income. Premature withdrawal can affect your returns in several ways. The bank or NBFC may offer a lower interest rate than initially agreed upon. In some cases, they may also impose an additional penalty on the amount withdrawn.

FD Premature Withdrawal Example

If you invest ₹1.5 Crores in a fixed deposit at an interest rate of 6.50% p.a. for a 3-year tenure, the interest rate is fixed for that period. However, if you decide to withdraw the funds prematurely after 1 year, the applicable interest rate for that period would drop to 5.50% p.a. Additionally, with a 1% penalty for early withdrawal, the final interest rate would further reduce to 4.50% p.a., significantly lowering your expected returns.

Parameter	Details
Principal Amount Invested	₹1,50,00,000
Maturity After 3 Year	₹1,83,45,000
Interest Rate at the Time of Booking	6.50% p.a.
Effective Interest Rate for 1 Year Tenure	5.50% p.a.
Premature Withdrawal Penalty Rate	1% p.a.
Final Interest Rate	4.50% p.a.
Final Amount Payable	₹ 1,56,75,000

Note: The figures above are for illustration purposes only. The actual penalty charges may vary depending on the bank or NBFC’s policies.

Taxation on FDs

Apart from the earning potential, consider the tax implications associated with these investments. The following are some of the important regulations to keep in mind:

The bank or NBFC will levy a Tax Deducted at Source (TDS) at 10% if your annual interest income exceeds ₹40,000
Senior citizens have a higher TDS exemption limit on FD interest of up to ₹50,000 in a year
Submit Form 15G (for investors under 60 years) or Form 15H (for senior citizens) to avoid a deduction if your income is below the taxable limit
The bank or NBFC will deduct TDS at 10% if you have provided PAN details
If you have not furnished your PAN card, bank or NBFC will deduct TDS at 20%

How to Calculate Monthly Interest on a Fixed Deposit of ₹1.5 Crores

To get an estimate of your returns, use an FD calculator. To compute ₹1.5 Cr FD interest per month, follow the steps provided below:

Enter the investment amount, tenure, and interest rate
Opt for the ‘Monthly’ option under the ‘Interest Payout’ category
Check the estimate of total and monthly interest earnings

Maturity Amount Calculation Example

If you invest ₹1.5 Crores in a fixed deposit for a 2-year period (24 months) at an interest rate of 7.50% p.a., the monthly interest can be calculated as follows:

Monthly Interest Earned = Principal × Interest Rate / 12
Monthly Interest Earned = ₹1,50,00,000 × 7.50% / 12
Monthly Interest Earned = ₹11,25,000 / 12
Monthly Interest Earned = ₹93,750

The monthly interest on an FD of ₹1.5 Crores at 7.50% p.a. would be ₹93,750.

Total Interest Earned Upon Maturity

Total Interest Earned = Monthly Interest × Number of Months
Total Interest Earned = ₹93,750 × 24
Total Interest Earned = ₹22,50,000

The total interest earned over the 2-year tenure would amount to ₹22,50,000, with consistent monthly payouts of ₹93,750.

Disclaimer

The information provided by BFDL is related to the rates provided by Banks and Deposit taking NBFCs as available from public domain and under no circumstances is intended to be source of advice or recommendation of any financial investment advice or endorsement of any sort.

BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers and use of such 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. Display of any intellectual property along with the related product information does not imply BFDL’s partnership with the owner of the intellectual property of such products and is solely for the purpose of information, unless otherwise provided by BFDL.


2 crore FD interest per month	4 lakh fixed deposit interest	4 crore FD interest per month
5 cr FD interest per month	2 lakh FD interest	monthly interest for 6 lakh fixed deposit
1 lakh FD interest	2.5 crore FD interest per month	40 lakh FD interest
10 lakh interest per month	20 lakh FD interest per month	1 crore FD interest per month
10000 FD for 1 year	25 lakh FD interest per month	5 lakh FD interest per month
12 crore FD interest per month	3 crore FD interest per month	50 crore FD interest rate
15 crore FD interest per month	3 lakh FD interest	50 lakh FD interest per month
15 lakh fixed deposit interest per month	30 crore FD interest per month	50000 FD for 5 years
16 lakh FD interest per month	30 lakhs fixed deposit interest per month	6 crore FD interest per month
18 lakh FD interest per month	35 lakh FD interest	60 lakh fixed deposit interest per month
70 lakh fixed deposit interest	75 lakh FD interest per month	8 lakh FD interest
80 lakh FD interest per month	FD interest on 10 crore	Fixed deposit monthly interest payout
FD for 3 Months	8 crore FD Interest Per Month

Frequently Asked Questions

How can I invest in a monthly FD?

You can invest in an FD on Bajaj Markets through a completely online process and opt for a monthly interest payout option.

What will be the monthly payout on an FD of ₹1.5 Crores with a tenor of 5 years?

The monthly payout depends on the prevailing interest rate for the selected FD tenor. For example, at an interest rate of 7%, the monthly payout on an FD of ₹1.5 Crores with a 5-year tenor will be roughly ₹87,500.

What documents are required to apply for an FD of ₹1.5 Crores?

To open an FD, you typically need to submit your KYC documents such as Aadhaar or PAN card, along with proof of income and residential address.

What factors influence the monthly interest earned on an FD of ₹1.5 Crores?

Various factors influence the interest per month on an FD of ₹1.5 Cr. These include the prevailing interest rate, the chosen tenor of the FD, and the frequency of interest payouts.

Is the interest earned on an FD of ₹1.5 Crores taxable?

Yes, the interest earned on a fixed deposit of ₹1.5 Crores is subject to tax. If the annual interest exceeds ₹40,000, TDS is applicable at a rate of 10%. However, the threshold limit for senior citizens is ₹50,000.

Are there any penalties for premature withdrawal of an FD of ₹1.5 Crores with monthly interest payouts?

The premature withdrawal of a fixed deposit of ₹1.5 Crores with monthly interest payouts may incur penalties on the interest earned. However, penalty rates may vary among FD issuers.

What are the benefits of opting for monthly interest payouts on an FD of ₹1.5 Crores?

A key benefit of choosing monthly interest payouts on a ₹1.5 Crore FD is the regular income it provides. This feature works similarly to an FD monthly income scheme, allowing you to meet recurring expenses without waiting for the FD to mature. It also offers greater liquidity and financial flexibility throughout the investment tenure.

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