Investing ₹12 Crores in an FD with a monthly interest payout could open avenues for substantial financial benefits. This strategic move could help you grow your wealth and provide a steady income for diverse financial needs. 

 

You could generate a monthly income of ₹7 Lakhs from an FD of ₹12 Crores at an interest rate of 7% p.a. The tenor applicable here is 60 months or 5 years. However, before making a decision, it is crucial to compare the competitive interest rates offered by FD issuers. 

Deposit Amount

Interest Rate

Tenure

Months

Interest Payout

At Maturity
At Maturity
Monthly
Quaterly
Half Yearly
Yearly

Invest Amount

Interest Rate

Total Interest Amount

Total Payout Principal + Interest

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Monthly Interest Payout for a Fixed Deposit of ₹12 Crores

Here are the monthly interest payouts you will receive on your FD of ₹12 Crores across interest rates for a 5-year tenor: 

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹12 Crores

6.00%

₹6,00,000

₹12 Crores

6.50%

₹6,50,000

₹12 Crores

7.00%

₹7,00,000

₹12 Crores

7.50%

₹7,50,000

₹12 Crores

8.00%

₹8,00,000

₹12 Crores

8.50%

₹8,50,000

₹12 Crores

9.00%

₹9,00,000

₹12 Crores

9.50%

₹9,50,000

₹12 Crores

10.00%

₹10,00,000

Note: The monthly interest payouts mentioned above are indicative, and your actual returns will vary depending on the issuer’s policies.

Monthly Interest Payout for an FD of ₹12 Crores Offered by Banks/NBFCs

Take a look at the different monthly interest payouts you may receive after investing ₹12 Crores in an FD for a 5-year tenor: 

Bank/NBFC/HFC

Non-senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

LIC Housing Finance

7.50%

₹7,50,000

7.50%

₹7,50,000

Shriram Finance

8.47%

₹8,47,000

8.97%

₹8,97,000

ICICI Bank

7.00%

₹7,00,000

7.00%

₹7,00,000

HDFC Bank

7.00%

₹7,00,000

7.00%

₹7,00,000

IDFC First Bank

7.25%

₹7,00,000

7.75%

₹7,75,000

Axis Bank

7.00%

₹7,00,000

7.50%

₹7,50,000

IndusInd Bank

7.35%

₹7,35,000

7.35%

₹7,35,000

Jana Small Finance Bank

6.25%

₹6,25,000

6.25%

₹6,25,000

Kotak Mahindra Bank

6.25%

₹6,25,000

6.25%

₹6,25,000

Note: The above-mentioned rates are subject to change at the issuer’s discretion.

 

Opting for a monthly interest payout while investing ₹12 Crores in an FD is a dynamic strategy. This choice provides a versatile tool to fund various expenses. On Bajaj Markets, browse FDs from multiple issuers and book one online today. 

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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Frequently Asked Questions

What are the tax implications on the interest earned from an FD of ₹12 Crores?

For FDs maintained at banks or NBFCs, the interest earned is added to your total income and subjected to taxation based on the prevailing income tax slab rates. 


TDS may apply if the interest earned exceeds a specific threshold in a year. Currently, it is ₹40,000 for regular individuals and ₹50,000 for senior citizens.

How can I calculate the monthly interest on an FD of ₹12 Crores?

To calculate the monthly interest on an FD of ₹12 Crores, you need to know the interest rate offered by the issuer and the tenor of the FD. The formula is: 

 

Monthly Interest = (Principal Amount x Annual Interest Rate x Tenor) / (12 x 100)

 

Alternatively, you can use an FD calculator and select the monthly payout frequency mode to calculate the interest income instantly.

What documents are required to open an FD of ₹12 Crores?

To open a fixed deposit of ₹12 Crores, you need to provide documents for identity and address proof, along with the duly filled application form. You will also need to provide a cheque or bank statement to show the source of the funds and a PAN card for tax compliance. However, these requirements may differ across issuers. 

What is the potential monthly interest on an FD of ₹12 Crores?

The potential monthly interest on an FD of ₹12 Crores FD will depend on the interest rate offered by the issuer. Generally, higher interest rates are offered for longer tenors.

Are there any penalties for premature withdrawal of an FD of ₹12 Crores with monthly interest payouts?

Most issuers impose a penalty for premature withdrawal of an FD before the maturity date. The penalty could be a percentage of the interest earned or a flat fee.

Can I reinvest the monthly interest earned from my FD of ₹12 Crores?

Yes, you can typically reinvest the monthly interest earned from your FD of ₹12 Crores. Many issuers offer the option to reinvest the interest payout into the same FD or another investment scheme. This can help in compounding the interest earned and potentially earning higher returns over the long term.

What are the benefits of opting for monthly interest payouts on an FD of ₹12 Crores?

Opting for monthly interest payouts on an FD of ₹12 Crores can provide you with a regular stream of income. This can be beneficial if you are a retiree, seeking a fixed income. Additionally, monthly payouts can help in better cash flow management and reinvestment opportunities.

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