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.
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.
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.
Check Monthly Interest Rate on your Fixed Deposits |
||
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.