Investing in an ₹18 Lakhs fixed deposit (FD) presents a stable and reliable avenue for capital growth. The appeal lies in the security and predictability offered by FDs, making them an ideal choice for risk-averse investors.

With a predetermined interest rate, the ₹18 Lakh FD ensures consistent returns over the investment tenure, providing financial stability and preserving the principal amount. 

Monthly Interest Payout on a ₹18 Lakhs Fixed Deposit

The table below highlights the monthly interest payout you could earn on an investment of  ₹18 Lakhs in an FD over 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%

₹12,075

8.30%

₹12,450

PNB Housing Finance Ltd. 

7.65%

₹11,475

7.95%

₹11,925

Mahindra Finance Ltd. 

8.05%

₹12,075

8.30%

₹12,450

LIC Housing Finance Ltd

7.50%

₹11,250

7.75%

₹11,625

Shriram Finance

8.60%

₹12,900

9.14%

₹13,710

ICICI Bank 

7.00%

₹10,500

7.50%

₹11,250

HDFC Bank 

7.00%

₹10,500

7.50%

₹11,250

IDFC First Bank 

7.00%

₹10,500

7.50%

₹11,250

Axis Bank 

7.00%

₹10,500

7.75%

₹11,625

IndusInd Bank 

7.25%

₹10,875

8.00%

₹12,000

YES Bank 

7.25%

₹10,875

8.00%

₹12,000

Jana Small Finance Bank 

7.25%

₹10,875

7.75%

₹11,625

Ujjivan Small Finance Bank

7.20%

₹10,800

7.70%

₹11,500

Kotak Mahindra Bank

6.20%

₹9,300

6.70%

₹10,050

SBI

6.50%

₹9,750

7.50%

₹11,250

AU Small Finance Bank

7.25%

₹10,875

7.75%

₹11,625

Disclaimer: The above-mentioned rates are effective as of 16th November 2023 and are subject to change as per the issuer’s discretion.

Monthly Interest Income on a ₹18 Lakhs Fixed Deposit

Here's the monthly interest income you could earn on a fixed deposit of ₹18 Lakhs across different interest rates:

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹18 Lakhs

6.00%

₹9,000

₹18 Lakhs

6.50%

₹9,750

₹18 Lakhs

7.00%

₹10,500

₹18 Lakhs

7.50%

₹11,250

₹18 Lakhs

8.00%

₹12,000

₹18 Lakhs

8.50%

₹12,750

₹18 Lakhs

9.00%

₹13,500

₹18 Lakhs

9.50%

₹14,250

₹18 Lakhs

10.00%

₹15,000

The fixed deposit calculator can assist you in determining the potential returns you could earn on your investment The tool will calculate the returns based on your deposit amount, expected rate of return and investment tenor.

 

Secure your investments by booking an FD on Bajaj Markets 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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