Earn interest up to 8.60% p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable) Invest Now

Fixed deposits can be a great way for you to earn stable returns on your investments, especially when investing large amounts such as ₹2 Crores. Moreover, you can opt for your preferred interest payout option such as monthly, quarterly, half-yearly, annually, and at maturity. 

 

Choosing a monthly interest payout cycle lets you earn significant returns over the course of the tenor. This can come in handy especially when you are seeking a regular source of income or funds for other expenses. You can also take advantage of benefits such as special interest rates for senior citizens, and loans against FDs, among others.

 

Read on to learn more about the applicable interest rates offered by various banks and financial institutions in the following sections.

Deposit Amount
Tenure
Months
Interest Rate
%
Interest Payout
Your Total Maturity Amount is
Your Total Maturity Amount is
Total Investment
Total Interest Earned

Monthly Interest Payout on ₹2 Crores Fixed Deposit

The table below indicates the monthly interest payout on a ₹2 Crores FD you could earn across different FD issuers 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. 

8.05%

₹ 1,34,167

8.30%

₹ 1,38,333

PNB Housing Finance Ltd. 

7.39%

₹ 1,23,167

7.69%

₹ 1,28,167

Mahindra Finance Ltd. 

8.05%

₹ 1,34,167

8.30%

₹ 1,38,333

LIC Housing Finance

7.75%

₹ 1,29,167

8.00%

₹ 1,33,333

Shriram Finance

8.27%

₹ 1,37,833

8.77%

₹ 1,46,167

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 

6.80%

₹ 1,13,333

7.30%

₹ 1,21,667

Axis Bank 

7.00%

₹ 1,16,667

7.75%

₹ 1,29,167

IndusInd Bank 

7.10%

₹ 1,18,333

7.75%

₹ 1,29,167

YES Bank 

7.20%

₹ 1,20,000

7.95%

₹ 1,32,500

Jana Small Finance Bank 

7.00%

₹ 1,16,667

7.00%

₹ 1,16,667

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

*Disclaimer: The above-mentioned rates are effective as of 20 October 2023, and are subject to change at the issuer’s discretion.

Monthly Interest for ₹2 Crores in Fixed Deposit

Here is an estimate of the monthly interest payout you would receive on a ₹2 Crores fixed deposit -

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹2 Crores

3.00%

₹ 50,000

₹2 Crores

3.50%

₹ 58,333

₹2 Crores

4.00%

₹ 66,667

₹2 Crores

4.50%

₹ 75,000

₹2 Crores

5.00%

₹ 83,333

₹2 Crores

5.50%

₹ 91,667

₹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

This information should help provide you with a much clearer idea about your potential returns on a ₹2 Crore FD. You can now choose your preferred FD issuer on Bajaj Markets, and see the competitive interest rates offered by them. 

 

In addition, you can check out the FD interest calculator to get a better understanding of the potential returns on your fixed deposit investment. 

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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FAQs on Monthly Interest for ₹2 Crore FD

You will have to pay TDS at a rate of 10% if the monthly interest on a ₹2 Crore fixed deposit earned in a year causes your total earnings from the FD to exceed ₹40,000. 

While different issuers have their own set of eligibility criteria, most issuers require you to be an Indian resident above 18 years of age.

You will be required to furnish your PAN card, KYC documents, proof of identity, etc. to open an FD account. 

You can expect to earn a monthly interest of ₹1.5 Lakhs on a ₹2 Crore fixed deposit, depending on the issuer.

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