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

If you have chosen fixed deposits as your preferred investment tool for parking funds, then there are several benefits that you can take advantage of. For instance, you can select your preferred interest payout option, between monthly, quarterly, half-yearly, annually, and at maturity.

 

By opting for a monthly interest payout cycle, you can receive returns on a monthly basis that can help meet some of your fixed financial obligations. Moreover, you can enjoy other benefits such as special interest rates for senior citizens, loans against your FDs, auto-renewal facility (if applicable), and more.

 

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

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 ₹25 Lakh Fixed Deposit

The table below indicates the monthly interest payout on a ₹25 Lakh FD you could earn across different banks and financial institutions 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%

₹ 16,771

8.30%

₹ 17,292

PNB Housing Finance Ltd. 

7.39%

₹ 15,396

7.69%

₹ 16,021

Mahindra Finance Ltd. 

8.05%

₹ 16,771

8.30%

₹ 17,292

LIC Housing Finance

7.75%

₹ 16,146

8.00%

₹ 16,667

Shriram Finance

8.27%

₹ 17,229

8.77%

₹ 18,271

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 

7.00%

₹ 14,583

7.75%

₹ 16,146

IndusInd Bank 

7.25%

₹ 15,104

8.00%

₹ 16,667

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

6.25%

₹ 13,021

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

*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 ₹25 Lakh in Fixed Deposit

Here is an estimate of the monthly interest payout you would receive on a ₹25 Lakh fixed deposit -

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹25 Lakh

3.00%

₹ 6,250

₹25 Lakh

3.50%

₹ 7,292

₹25 Lakh

4.00%

₹ 8,333

₹25 Lakh

4.50%

₹ 9,375

₹25 Lakh

5.00%

₹ 10,417

₹25 Lakh

5.50%

₹ 11,458

₹25 Lakh

6.00%

₹ 12,500

₹25 Lakh

6.50%

₹ 13,542

₹25 Lakh

7.00%

₹ 14,583

₹25 Lakh

7.50%

₹ 15,625

₹25 Lakh

8.00%

₹ 16,667

₹25 Lakh

8.50%

₹ 17,708

₹25 Lakh

9.00%

₹ 18,750

₹25 Lakh

9.50%

₹ 19,792

₹25 Lakh

10.00%

₹ 20,833

With this better understanding of your potential returns, you can select your preferred issuer and get started with booking an FD. Choose between multiple FD issuers that offer competitive interest rates on Bajaj Markets.

 

You can also use the FD calculator to get an estimate of the 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 a ₹25 Lakh FD

Yes, according to the Income Tax Act, if your interest income exceeds ₹40,000 for a financial year, a TDS of 10% will be deducted. However, as a senior investor, your TDS is applied if your interest income exceeds ₹50,000 in a year.

To earn a regular interest income, you must book an FD by submitting your KYC documents and the latest passport-size photographs. Ensure you opt for a monthly payout option when opening an FD account so that you receive monthly interest income regularly.

Your monthly interest income depends on the applicable interest rate offered by the NBFC or bank. This also varies according to the FD type and the tenor you choose.

Yes, you can calculate the interest using an online FD calculator. The calculator uses simple and compound interest formulas to compute your monthly interest earnings instantly. Simply input the investment amount, tenor and interest rate to assess your earnings.

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