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.
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.
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.
Check the Monthly Interest Rate on Your Fixed Deposits |
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