Investing in a fixed deposit of ₹18 Lakhs presents a stable and reliable opportunity for capital growth. The security and predictability offered by FDs make them an ideal choice for risk-averse investors.

 

You can invest this amount over a tenor of 5 years at the rate of 9% p.a. to earn a monthly payout of approximately ₹13,500. Consistent returns help provide financial stability, acting as a regular stream of income. 

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 Income for an FD of ₹18 Lakhs

Here is a tabulated overview of the monthly payout you could get from a fixed deposit of this amount across different interest rates. The earnings below have been calculated by considering the tenor as 5 years.

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

Note: The monthly interest payouts mentioned above are indicative, and your actual earnings may vary as per the issuer’s policies.

 

fixed deposit calculator can assist you in forecasting your earnings instantly and accurately. This tool calculates returns based on the:

  • Amount you plan to invest

  • Expected rate of return

  • Tenor

Monthly Interest Payout for an FD of ₹18 Lakhs Offered by NBFCs and Banks

This table highlights the monthly interest you could receive on an investment of ₹18 Lakhs on booking an FD for 5 years.

Bank/NBFC/HFC

Non-senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

Bajaj Finance Ltd.

8.10%

₹12,150

8.35%

₹12,525

PNB Housing Finance Ltd. 

7.65%

₹11,475

7.85%

₹11,775

Mahindra Finance Ltd. 

8.10%

₹12,150

8.35%

₹12,525

LIC Housing Finance Ltd

7.75%

₹11,625

8.00%

₹12,000

Shriram Finance

8.47%

₹12,705

8.97%

₹13,455

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 

7.10%

₹10,650

7.60%

₹11,400

IndusInd Bank 

7.25%

₹10,875

7.75%

₹11,625

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%

₹11,550

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

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

 

Calculating your earnings beforehand helps you zero in on a suitable issuer offering competitive interest rates. Remember, your monthly interest payouts depend on the applicable rate, deposit amount and the chosen tenor. 

 

Compare various issuers on Bajaj Markets and secure your earnings by booking an FD 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

How much interest will I get for a fixed deposit of ₹18 Lakhs?

Issuers offer higher rates when you stay invested for a long time. Say, you book an FD of ₹18 Lakhs for a tenor of 5 years at an interest rate of 8.50% p.a. The monthly earnings you can generate will be ₹12,750 approximately.

What are the documents needed to book an FD of ₹18 Lakhs?

A few documents you need to submit include copies of your PAN card and Aadhaar card. Your recent passport-size photographs and other KYC documents may also be required when you book an FD of ₹18 Lakhs. 

Is there a penalty for withdrawing a fixed deposit of ₹18 Lakhs FD before maturity?

Usually, there is a penalty which ranges from 0.50% to 1.00% of the interest earned on your fixed deposit. However, this depends on the issuer’s policy. 

Can I add more money to my fixed deposit of ₹18 Lakhs during the tenor?

No, you typically cannot increase the fixed deposit amount during its tenor. Fixed deposits function like a one-time investment locked in for a chosen period. However, you can book a new FD with the additional sum to generate more returns.

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