By investing a substantial amount like ₹15 Crores in an FD, you could explore a wide range of new financial opportunities. The monthly interest payout option isn't just a way to accrue returns; it serves as a financial lifeline and addresses diverse needs. Imagine it as a reliable source for funding current lifestyle expenses, managing ongoing bills, or even planning for a dream vacation.
This flexibility ensures that the investment actively contributes to an investor's evolving financial goals. Considering inflation, this approach takes on added significance, especially from a retirement perspective. The monthly payout ensures a stable income stream, creating a financial cushion to counter the impact of rising living costs during retirement years.
But before you make any decision in haste, it’s important to assess the interest rates offered by various FD issuers in the market.
By investing ₹15 Crores in a 5-year FD, here are the different monthly interest payouts you may receive based on the interest rates offered by certain issuers:
Bank/NBFC/HFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
Bajaj Finance Ltd. |
8.05% |
₹10,06,250 |
8.30% |
₹10,37,500 |
PNB Housing Finance Ltd. |
7.65% |
₹9,56,250 |
7.95% |
₹9,93,750 |
Mahindra Finance Ltd. |
8.05% |
₹10,06,250 |
8.30% |
₹10,37,500 |
LIC Housing Finance |
7.75% |
₹9,68,750 |
8.00% |
₹10,00,000 |
Shriram Finance |
8.27% |
₹10,33,750 |
8.77% |
₹10,96,250 |
AU Small Finance Bank |
7.25% |
₹9,06,250 |
7.75% |
₹9,68,750 |
ICICI Bank |
7.00% |
₹8,75,000 |
7.50% |
₹9,37,500 |
HDFC Bank |
7.00% |
₹8,75,000 |
7.50% |
₹9,37,500 |
IDFC First Bank |
7.00% |
₹8,75,000 |
7.50% |
₹9,37,500 |
Axis Bank |
7.00% |
₹8,75,000 |
7.75% |
₹9,68,750 |
IndusInd Bank |
7.25% |
₹9,06,250 |
7.75% |
₹9,68,750 |
YES Bank |
7.25% |
₹9,06,250 |
8.00% |
₹10,00,000 |
Jana Small Finance Bank |
7.25% |
₹9,06,250 |
7.75% |
₹9,68,750 |
Kotak Mahindra Bank |
6.25% |
₹7,81,250 |
6.75% |
₹8,43,750 |
*Disclaimer: The above-listed interest rates are subject to change at the issuer’s discretion.
To better understand how much monthly interest income you can expect from a ₹15 Crore FD of 5 years, take a look at the below interest rates:
Deposit Amount |
Interest Rate (p.a.) |
Monthly Interest Payout |
₹15 Crores |
6.00% |
₹7,50,000 |
₹15 Crores |
6.50% |
₹8,12,500 |
₹15 Crores |
7.00% |
₹8,75,000 |
₹15 Crores |
7.50% |
₹9,37,500 |
₹15 Crores |
8.00% |
₹10,00,000 |
₹15 Crores |
8.50% |
₹10,62,500 |
₹15 Crores |
9.00% |
₹11,25,000 |
₹15 Crores |
9.50% |
₹11,87,500 |
₹15 Crores |
10.00% |
₹12,50,000 |
Now that you have a better understanding of the monthly interest income you may receive, consider booking a fixed deposit today. The monthly payout is more than a source of returns, acting as a financial lifeline and adapting to various needs.
In the context of rising living costs due to inflation, this approach takes on added significance, especially for retirees. It ensures a stable income stream, creating a resilient financial cushion.
Check the Monthly Interest Rate on Your Fixed Deposits |
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