Investing a substantial sum like ₹2 Crores in an FD with regular payouts could help you generate consistent income. Use the funds to meet recurring obligations, be it EMIs or daily living expenses. Those seeking an additional source of income could benefit from the monthly interest returns on an amount like ₹2 Crores. 

 

For example, with an 8% rate of interest over a tenor of 5 years, you can get up to ₹1.33 Lakhs every month.

Deposit Amount

Interest Rate

Tenure

Months

Interest Payout

At Maturity
At Maturity
Monthly
Quaterly
Half Yearly
Yearly

Investment Amount

Interest Rate

Total Interest Amount

Total Payout (Principal + Interest)

Invest Now

Monthly Interest Income for Fixed Deposit of ₹2 Crores

Your monthly interest earnings depend on the FD interest rates at the time of booking your investment. By choosing an issuer offering the highest rates, you can maximise your returns.

 

Here is an estimate of the monthly interest on an FD of ₹2 Crores with a tenor of 5 years across different interest rates:

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹2 Crores

6.00%

₹1,00,000

₹2 Crores

6.50%

₹1,08,333

₹2 Crores

7.00%

₹1,16,667

₹2 Crores

7.50%

₹1,25,000

₹2 Crores

8.00%

₹1,33,333

₹2 Crores

8.50%

₹1,41,667

₹2 Crores

9.00%

₹1,50,000

₹2 Crores

9.50%

₹1,58,333

₹2 Crores

10.00%

₹1,66,667

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 ₹2 Crores from Banks and NBFCs

The interest rate on an FD of ₹2 Crores differs based on your chosen issuer’s policies and the tenor. The table below indicates the monthly payout across different issuers for an investment of ₹2 Crores for 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.

8.10%

₹1,35,00

8.35%

₹1,39,167

PNB Housing Finance Ltd.

7.65%

₹1,27,000

7.85%

₹1,30,833

Mahindra Finance Ltd.

8.10%

₹1,35,00

8.35%

₹1,39,167

LIC Housing Finance Ltd

7.50%

₹1,25,000

7.75%

₹1,29,167

Shriram Finance

8.47%

₹1,41,167

8.97%

₹1,49,500

ICICI Bank 

7.00%

₹1,16,667

7.00%

₹1,16,667

HDFC Bank 

7.00%

₹1,16,667

7.50%

₹1,25,000

IDFC First Bank 

7.00%

₹1,16,667

7.50%

₹1,25,000

Axis Bank 

7.00%

₹1,16,667

7.75%

₹1,29,167

IndusInd Bank 

7.10%

₹1,18,333

7.70%

₹1,28,333

YES Bank 

7.25%

₹1,20,833

8.00%

₹1,33,333

Jana Small Finance Bank 

6.25%

₹1,04,167

6.25%

₹1,04,167

Kotak Mahindra Bank

6.25%

₹1,04,167

6.25%

₹1,04,167

SBI

6.00%

₹1,00,000

6.50%

₹1,08,333

Ujjivan Small Finance Bank

7.20%

₹1,20,000

7.70%

₹1,28,333

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

 

This information should help you get a much clearer idea about your potential returns on an FD of ₹2 Crores. Choose an FD issuer offering competitive rates on Bajaj Markets and invest conveniently online. 

 

To change your investment amount or tenor, use the FD interest calculator and easily forecast the returns from your fixed deposit investment.

Disclaimer

The information provided by BFDL is related to the rates provided by Banks and Deposit taking NBFCs as available from public domain and under no circumstances is intended to be source of advice or recommendation of any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers and use of such 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. Display of any intellectual property along with the related product information does not imply BFDL’s partnership with the owner of the intellectual property of such products and is solely for the purpose of information, unless otherwise provided by BFDL.

Frequently Asked Questions

How much tax will I have to pay on my FD of ₹2 Crores?

If the yearly interest on an FD of ₹2 Crores surpasses ₹40,000, TDS will be deducted by the issuer. The limit is extended to ₹50,000 for senior citizen investors.

What are the eligibility criteria to open an FD account?

You must be an Indian resident above 18 years of age to book a fixed deposit. However, specific requirements may vary depending on the issuer.

What are the documents required to open an FD account?

To open an FD account, you need to submit your PAN card, proof of identity, and other KYC documents, as specified by the issuer.

How much monthly interest for an FD of ₹2 Crores can I earn?

The monthly interest earned on an FD depends on the interest rates and total tenor. For instance, if the interest rate on an FD of ₹2 Cr for 2 years is 7%, the monthly payouts would be around ₹1.16 Lakhs.

Can the interest payout frequency be customised for an FD of ₹2 Crores?

Yes, most issuers offer flexibility in choosing the interest payout frequency for receiving interest on an FD of ₹2 Cr. It can be monthly, quarterly, half-yearly, or annually, allowing you to align the returns with your financial goals. Alternatively, you could opt for a cumulative FD and receive the interest earnings at maturity with the principal investment.

Are there any penalties for premature withdrawal of a fixed deposit of ₹2 Crores with monthly interest payouts?

Premature withdrawal penalties on the amount of interest on fixed deposits in India vary among banks and NBFCs. Typically, issuers levy a penalty fee on the withdrawn amount and revise the interest rate as per the new tenor.

What factors influence the monthly interest earned on an FD of ₹2 Crores?

Several factors affect monthly interest earnings on a fixed deposit. These include the interest rate, investment tenor, compounding frequency, and payout frequency. Higher interest rates and longer tenors generally result in increased monthly interest.

What are the benefits of opting for monthly interest payouts on an FD of ₹2 Crores?

Choosing monthly interest payouts on an FD of ₹2 Crores offers a steady income stream, improving liquidity and allowing you to easily meet recurring expenses.

Home
active_tab
Loan Offer
active_tab
Download App
active_tab
CIBIL Score
active_tab