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

Considering an investment of ₹35 lakhs in a fixed deposit (FD) presents a compelling opportunity for secure capital growth. The key factor in this decision is the interest rate associated with the FD.


Booking an FD with a competitive interest rate is crucial, as it directly impacts the returns over the investment period. Opting for a higher interest rate not only safeguards against inflation but also ensures a steady income stream.

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 a ₹35 Lakhs Fixed Deposit

The table below indicates the monthly interest payout you could earn on a fixed deposit of ₹35 Lakhs over 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%

₹23,479

8.30%

₹24,208

PNB Housing Finance Ltd. 

7.65%

₹22,313

7.95%

₹23,188

Mahindra Finance Ltd. 

8.05%

₹23,479

8.30%

₹24,208

LIC Housing Finance Ltd

7.50%

₹21,875

7.75%

₹22,604

Shriram Finance

8.60%

₹25,083

9.14%

₹26,658

ICICI Bank 

7.00%

₹20,417

7.50%

₹21,875

HDFC Bank 

7.00%

₹20,417

7.50%

₹21,875

IDFC First Bank 

7.00%

₹20,417

7.50%

₹21,875

Axis Bank 

7.00%

₹20,417

7.75%

₹22,604

IndusInd Bank 

7.25%

₹21,416

8.00%

₹23,333

YES Bank 

7.25%

₹21,416

8.00%

₹23,333

Jana Small Finance Bank 

7.25%

₹21,416

7.75%

₹22,604

Ujjivan Small Finance Bank

7.20%

₹21,000

7.70%

₹22,458

Kotak Mahindra Bank

6.20%

₹18,083

6.70%

₹19,542

SBI

6.50%

₹18,958

7.50%

₹21,875

AU Small Finance Bank

7.25%

₹21,416

7.75%

₹22,604

Disclaimer: The above-mentioned rates are effective as of 16th November 2023 and are subject to change as per the issuer’s discretion.

Monthly Interest Income on a ₹35 Lakhs Fixed Deposit

Refer to the table below for the monthly interest income you could earn on an FD of ₹35 Lakhs across different interest rates:

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹35 Lakhs

6.00%

₹17,500

₹35 Lakhs

6.50%

₹18,958

₹35 Lakhs

7.00%

₹20,417

₹35 Lakhs

7.50%

₹21,875

₹35 Lakhs

8.00%

₹23,333

₹35 Lakhs

8.50%

₹24,792

₹35 Lakhs

9.00%

₹26,250

₹35 Lakhs

9.50%

₹27,708

₹35 Lakhs

10.00%

₹29,167

Now that you have an understanding of the potential returns you could earn from an ₹35 Lakhs fixed deposit, secure your investment by booking an FD on Bajaj Markets. The process is quite straightforward and hassle-free, allowing you to complete it entirely online. You can also use the FD calculator to determine the returns you could earn on your 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 About Monthly Interest on a ₹35 Lakh FD

Yes, as per Section 194A of the Income Tax Act, you are required to pay 10% TDS on your fixed deposit, if the annual interest income exceeds ₹40,000. As you can see, the annual interest income on your ₹35 lakhs fixed deposit exceeds this amount. 

 

Therefore, you are liable to pay tax on this interest.

With a fixed deposit of ₹35 Lakhs, you will get assured return on your deposits in the form of interest. With most leading issuers, as per the table, you can expect around ₹20,000, as a monthly payout, if you invest today.  

For booking your bank fixed deposit, you will be required to submit your PAN card, your KYC documents, proof of identity, and passport-sized photographs to the fixed deposit issuer.

Fixed deposits issuing financial institutions set some eligibility criteria that you need to fulfil for a fixed deposit. Most financial institutions require you to be an Indian citizen with the age of at least 18 years to invest in an FD.

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