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 fulfill certain financial obligations. This includes rent, utilities, credit card bills, etc.
However, it’s important to compare the interest rates offered by trusted FD issuers before booking a fixed deposit.
Here’s an overview of the monthly interest income you could earn on a ₹1.5 Crore fixed deposit through various issuers for a tenor of 5 years:
Bank/NBFC/HFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
Bajaj Finance Ltd. |
8.05% |
₹1,00,625 |
8.30% |
₹1,03,750 |
PNB Housing Finance Ltd. |
7.65% |
₹95,625 |
7.95% |
₹99,375 |
Mahindra Finance Ltd. |
8.05% |
₹1,00,625 |
8.30% |
₹1,03,750 |
LIC Housing Finance |
7.75% |
₹96,875 |
8.00% |
₹1,00,000 |
Shriram Finance |
8.27% |
₹1,03,375 |
8.77% |
₹1,09,625 |
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 |
7.00% |
₹87,500 |
7.75% |
₹96,875 |
IndusInd Bank |
7.25% |
₹90,625 |
7.75% |
₹1,16,961 |
YES Bank |
7.25% |
₹90,625 |
8.00% |
₹1,00,000 |
Jana Small Finance Bank |
7.25% |
₹90,625 |
7.75% |
₹1,16,961 |
Kotak Mahindra Bank |
6.25% |
₹78,125 |
6.75% |
₹84,375 |
*Disclaimer: The above-mentioned interest rates are subject to change as per the issuer’s discretion.
Here’s a breakdown of the monthly interest payout you could receive for a ₹1.5 Crore FD 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 |
Consider using an FD calculator to determine your potential returns on such lump-sum investments. You simply need to enter the interest rate offered by the issuer, the investment sum, and the preferred tenor. Then, the calculator will display the total value of your investment upon maturity.
Check Monthly Interest Rate on your Fixed Deposits |
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You can invest in a monthly FD on Bajaj Markets through a completely online process. Simply visit the website, hover over the ‘Investments’ tab, click on ‘Fixed Deposit’, and then ‘Invest in FD Now’.
Fill the online form, enter your investment details, and be sure to choose the appropriate payout option when investing.
Considering that the interest rate is 7.77%, the monthly payout on ₹1.5 Crore FD with a tenor of 3 years will be ₹58,275.
To invest in a ₹1.5 Crore FD, you will need to submit your KYC documents, along with income and residential proof.
If the interest rate on your ₹1.5 Crore FD with a tenor of 5 years is 7.00%, the monthly payout will be ₹86,992.