Earn interest up to 8.60% p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable) Invest Now

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.

Deposit Amount
Tenure
Months
Interest Rate
%
Interest Payout
Your Total Maturity Amount is
Your Total Maturity Amount is
Total Investment
Total Interest Earned

Monthly Interest Payout on a ₹1.5 Crores 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.

Monthly Interest Income on a ₹1.5 Crores Fixed Deposit

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. 

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. 

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FAQs on Monthly Interest for ₹1.5 Crore FD

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.

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