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:

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 on ₹10000 FD

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.

Monthly Interest for ₹10000 in Fixed Deposit

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.

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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FAQ on Monthly Interest for ₹10,000 FD

What is the maximum interest I can get every month on a ₹10,000 FD?

The amount of monthly interest for a ₹10,000 fixed deposit depends on the interest rate offered by the issuer. You can use an FD calculator to compare different offers and maximise your returns.

What is the TDS charged on the interest earned on an FD of ₹10,000?

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.

How to calculate FD interest on ₹10,000?

You can use a fixed deposit interest calculator to know your interest earnings. Enter the investment amount (₹10,000), investment tenor, payout option, and interest rate. The calculator will automatically generate your maturity or monthly interest for a ₹10,000 fixed deposit.

What are the documents required for a ₹10,000 fixed deposit?

To invest in an FD, you need to submit your ID proof, PAN card, KYC documents, and photographs. The specific requirements may vary depending on the issuer you choose. You can get the updated information from the issuer’s website.

Is there a penalty for withdrawing the ₹10,000 fixed deposit before maturity?

Typically, banks and financial institutions may impose a penalty for premature withdrawal of fixed deposits, including those with a principal amount as low as ₹10,000. However, the penalty amount varies depending on the bank's terms and conditions and the remaining tenure of the fixed deposit.

What happens if I do not renew my ₹10,000 FD after maturity?

If you do not renew your ₹10,000 fixed deposit after maturity, the funds, including the interest earned, will typically be transferred to your linked savings account or a designated account specified by you. Some banks may automatically renew the FD for the same or different tenure unless instructed otherwise.

Can I add more money to my ₹10,000 fixed deposit during the tenure?

In most cases, you cannot add more money to an existing fixed deposit during the tenure. Fixed deposits are designed for a one-time deposit, and the principal amount remains fixed throughout the tenure. If you wish to invest additional funds, you would need to open a new fixed deposit account. However, some banks may offer flexible deposit schemes that allow periodic additions, but they are less common for smaller amounts like ₹10,000.

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