If you have chosen fixed deposits, you can opt to receive the interest you earn at periodic intervals. By opting to receive monthly interest on an FD of ₹25 Lakhs, you can receive returns of up to ₹20,833 every month.


The monthly payout can help meet some of your fixed financial obligations. However, remember that it will vary depending on the terms you get.

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 for Fixed Deposit of ₹25 Lakhs

Here is an estimate of the interest per month on a fixed deposit of ₹25 Lakhs for a tenor of 5 years:

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹25 Lakhs

6.00%

₹12,500

₹25 Lakhs

6.50%

₹13,542

₹25 Lakhs

7.00%

₹14,583

₹25 Lakhs

7.50%

₹15,625

₹25 Lakhs

8.00%

₹16,667

₹25 Lakhs

8.50%

₹17,708

₹25 Lakhs

9.00%

₹18,750

₹25 Lakhs

9.50%

₹19,792

₹25 Lakhs

10.00%

₹20,833

Note: The above figures are for illustrative purposes only, and actual returns may vary.

Monthly Interest Payout for an FD of ₹25 Lakhs Offered by Banks and NBFCs

Given below are the monthly returns based on fixed deposit rates in India offered by different issuers. The FD amount and tenor assumed are ₹25 Lakhs and 5 years, respectively.

Bank/NBFC/HFC

Non-senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

Bajaj Finance Ltd. 

8.10%

₹16,875

8.35%

₹17,386

PNB Housing Finance Ltd. 

7.65%

₹15,938

7.85%

₹16,354

Mahindra Finance Ltd.

8.10%

₹16,875

8.35%

₹17,396 

LIC Housing Finance

7.75%

₹16,146

8.00%

₹16,667

Shriram Finance

8.47%

₹17,646

8.97%

₹18,688

ICICI Bank 

7.00%

₹14,583

7.50%

₹15,625

HDFC Bank 

7.00%

₹14,583

7.50%

₹15,625

IDFC First Bank 

7.00%

₹14,583

7.50%

₹15,625

Axis Bank 

7.10%

₹14,792

7.60%

₹15,833

IndusInd Bank 

7.25%

₹15,104

7.75%

₹16,146

YES Bank

7.25%

₹15,104

8.00%

₹16,667

Jana Small Finance Bank 

7.25%

₹15,104

7.75%

₹16,146

Kotak Mahindra Bank

6.20%

₹12,917

6.70%

₹13,958

SBI

6.50%

₹13,542

7.50%

₹15,625

AU Small Finance Bank

7.25%

₹15,104

7.75%

₹16,146

Ujjivan Small Finance Bank

7.20%

₹15,000

7.70%

₹16,042

*Note: The above-mentioned rates are effective as of April 2024 and are subject to change at the issuer’s discretion.

 

With this understanding of your potential interest per month on an FD of ₹25 Lakhs, you can select your preferred issuer and invest. Choose from FD issuers that offer competitive interest rates and maximise returns on Bajaj Markets.

 

You can also use the FD calculator to get an estimate of the returns on your fixed deposit investment and invest accordingly.

 

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

Do I need to pay tax on the interest of a fixed deposit of ₹25 Lakhs?

Yes. According to the Income Tax Act, 1961, TDS at the rate of 10% will be deducted if your interest exceeds the permissible limit. So, if the yearly interest on an FD of ₹25 Lakhs or any amount exceeds ₹40,000, TDS will be deducted. However, this limit is extended to ₹50,000 if you are a senior citizen investor.

What are the documents I need to submit to earn monthly interest on an FD of ₹25 Lakhs?

To earn a regular interest income, you must book an FD by submitting your KYC documents and the latest passport-size photographs. However, these requirements may differ across issuers. Choose the monthly payout option when opening an FD account to get your interest earnings every month.

What is the monthly interest I can earn for a fixed deposit of ₹25 Lakhs?

Your monthly interest income depends on the applicable interest rate offered by the issuer. This also varies according to the FD type and tenor you choose. For instance, the interest you earn on an FD of ₹25 Lakhs for 10 years will be higher than an investment of 5 years.

Can I calculate the interest on an FD of ₹25 Lakhs?

Yes, you can calculate the interest using an online FD calculator. The calculator uses simple and compounding interest formulas to estimate your returns. Simply input the investment amount, tenor, and interest rate to get the results.

Is there a penalty for withdrawing from the fixed deposit of ₹25 Lakhs before maturity?

Typically, there is a penalty for premature withdrawal of a fixed deposit. The penalty amount varies among banks and NBFCs, and it's usually a percentage of the interest earned.

Can I take a loan against my fixed deposit of ₹25 Lakhs?

Yes. Depending on the issuer, you could take a loan against your fixed deposit. The loan amount usually ranges from 70% to 90% of the FD value, depending on the issuer’s policy. The interest rate for such loans is typically lower as compared to other types of loans.

Can I add more money to my FD of ₹25 Lakhs during the tenor?

No. You cannot add more funds to an existing deposit during the tenor. Instead, you could book another FD with those funds.

Is my fixed deposit amount of ₹25 Lakhs insured?

Yes, fixed deposits are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) for up to ₹5 Lakhs per depositor, per bank.

What are the benefits of opting for monthly interest on an FD of ₹25 Lakhs?

Opting for monthly interest payouts provides you with a regular income stream, which can be useful for meeting monthly expenses or fulfilling financial obligations. It allows you to enjoy the benefits of your fixed deposit earnings without waiting for the maturity date. 

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