As a secure savings tool, fixed deposits can be highly useful for earning stable returns on your invested sum. Unlike market-linked tools, you can easily receive an assured interest amount as per your chosen tenor and payout cycle.
For instance, opting for monthly interest payouts on a small sum of ₹10,000 can provide you with small returns regularly, adding to your overall monthly income. Alternatively, you can let these funds remain idle in your FD account for an extended period to benefit from the power of compounding over the years.
Learn about the applicable interest rates offered by various banks and financial institutions below:
The table below indicates the monthly interest payout on a ₹10000 FD you could earn across different banks and NBFCs 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% |
₹ 67 |
8.30% |
₹ 69 |
PNB Housing Finance Ltd. |
7.39% |
₹ 62 |
7.69% |
₹ 64 |
Mahindra Finance Ltd. |
8.05% |
₹ 67 |
8.30% |
₹ 69 |
LIC Housing Finance |
7.75% |
₹ 65 |
8.00% |
₹ 67 |
Shriram Finance |
8.27% |
₹ 69 |
8.77% |
₹ 73 |
ICICI Bank |
7.00% |
₹ 58 |
7.50% |
₹ 63 |
HDFC Bank |
7.00% |
₹ 58 |
7.50% |
₹ 63 |
IDFC First Bank |
7.00% |
₹ 58 |
7.50% |
₹ 63 |
Axis Bank |
7.00% |
₹ 58 |
7.75% |
₹ 65 |
IndusInd Bank |
7.25% |
₹ 60 |
8.00% |
₹ 67 |
YES Bank |
7.25% |
₹ 60 |
8.00% |
₹ 67 |
Jana Small Finance Bank |
7.25% |
₹ 60 |
7.75% |
₹ 65 |
Kotak Mahindra Bank |
6.20% |
₹ 52 |
6.25% |
₹ 52 |
SBI |
6.50% |
₹ 54 |
7.50% |
₹ 63 |
AU Small Finance Bank |
7.25% |
₹ 60 |
7.75% |
₹ 65 |
Ujjivan Small Finance Bank |
7.20% |
₹ 60 |
7.70% |
₹ 64 |
*Disclaimer: The above-mentioned rates are effective as of 20 October 2023, and are subject to change at the issuer’s discretion.
Here is an estimate of the monthly interest payout you would receive on a ₹10000 fixed deposit:
Deposit Amount |
Interest Rate (p.a.) |
Monthly Interest Payout |
₹10000 |
3.00% |
₹ 25 |
₹10000 |
3.50% |
₹ 29 |
₹10000 |
4.00% |
₹ 33 |
₹10000 |
4.50% |
₹ 38 |
₹10000 |
5.00% |
₹ 42 |
₹10000 |
5.50% |
₹ 46 |
₹10000 |
6.00% |
₹ 50 |
₹10000 |
6.50% |
₹ 54 |
₹10000 |
7.00% |
₹ 58 |
₹10000 |
7.50% |
₹ 63 |
₹10000 |
8.00% |
₹ 67 |
₹10000 |
8.50% |
₹ 71 |
₹10000 |
9.00% |
₹ 75 |
₹10000 |
9.50% |
₹ 79 |
₹10000 |
10.00% |
₹ 83 |
Now that you have a better understanding of the potential returns you could earn on a ₹25 Lakh FD, you can choose your preferred issuer. On Bajaj Markets, you can select from multiple FD issuers offering competitive interest rates.
In addition, you can also make use of the FD interest calculator to determine the potential returns you could earn on your fixed deposit investment.
The amount of monthly interest for ₹10,000 fixed deposit depends on the interest offered by the issuer. You can use an FD calculator to compare different offers and maximise your returns.
As per Section 194A of the Income Tax Act, your annual interest income will be subject to TDS if it exceeds ₹40,000 (₹50,000 for senior citizens). It is unlikely that the monthly interest earned on a ₹10,000 FD will exceed this limit. So, you are not liable to pay TDS.
You can use a fixed deposit interest calculator to know your interest earning. Enter the investment amount (₹10,000), investment tenor, payout option, and interest rate. The calculator will automatically generate your maturity or monthly interest for ₹10,000 fixed deposit.
To invest in an FD, you need to submit your ID proof, PAN card, KYC documents, and photographs. The requirements may change depending on the issuer you choose. You can get the updated information from the issuer’s website.