Fixed deposits present a lucrative opportunity for investors who have a large corpus available since they can take advantage of flexible interest payouts. By investing ₹1.5 Crores in an FD with a monthly interest payout option, you could utilise the returns to fulfil certain financial obligations. 


However, it’s important to compare the interest per month on an FD of ₹1.5 Crores offered by trusted FD issuers before booking a fixed deposit. This could help you choose an issuer that offers the most lucrative returns.

Deposit Amount

Interest Rate

Tenure

Months

Interest Payout

At Maturity
At Maturity
Monthly
Quaterly
Half Yearly
Yearly

Investment Amount

Interest Rate

Total Interest Amount

Total Payout (Principal + Interest)

Invest Now

Monthly Interest Payout for an FD of ₹1.5 Crores

Here is a breakdown of the monthly interest payout you could receive for an FD of ₹1.5 Crores across different interest rates for a 5-year tenor: 

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 indicative and can vary based on the investment terms. 

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

See the below table to understand how the monthly interest on an FD of ₹1.5 Crores varies across issuers and the interest rates they offer: 

Bank/NBFC/HFC

Non-senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

Bajaj Finance Ltd.

8.10%

₹1,01,250

8.35%

₹1,04,375

PNB Housing Finance Ltd.

7.65%

₹95,625

7.85%

₹98,125

Mahindra Finance Ltd.

8.10%

₹1,01,250

8.35%

₹1,04,375

LIC Housing Finance

7.75%

₹98,875

8.00%

₹1,00,000

Shriram Finance

8.47%

₹1,05,875

8.97%

₹1,12,125

AU Small Finance Bank

7.25%

₹90,625

7.75%

₹96,875

ICICI Bank

7.00%

₹87,500

7.50%

₹93,750

HDFC Bank

7.00%

₹87,500

7.50%

₹93,750

IDFC First Bank

7.00%

₹87,500

7.50%

₹93,750

Axis Bank

7.10%

₹87,500

7.60%

₹96,875

IndusInd Bank

7.25%

₹90,625

7.75%

₹96,875

YES Bank

7.25%

₹90,625

8.00%

₹1,00,000

Jana Small Finance Bank

7.25%

₹90,625

7.75%

₹96,875

Kotak Mahindra Bank

6.20%

₹77,500

6.70%

₹83,750

Ujjivan Small Finance Bank

7.20%

₹90,000

7.70%

₹96,250

Note: The rates are effective as of April 2024 and are subject to change at the issuer’s discretion.

 

Consider using an FD calculator to determine your potential returns on such lump sum investments. Once you enter details, such as the tenor, interest rate, and deposit amount, the calculator will display the total value of your investment at maturity. 

 

Understanding the interest rate on an FD of ₹1.5 Crores offered by various issuers helps you choose the best option. Explore competitive rates on Bajaj Markets and book an FD to maximise your earnings.

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.

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 significant benefit of choosing the monthly interest payout option on an FD of ₹1.5 Crores is that you get regular income. It offers liquidity and flexibility, allowing you to meet your monthly expenses without having to wait for the FD to mature.

Home
active_tab
Loan Offer
active_tab
Download App
active_tab
CIBIL Score
active_tab