Investment Amount
Interest Rate
Total Interest Amount
Total Payout (Principal + Interest)
Investing ₹4 Lakhs in an FD with a monthly payout could help you fulfil payments for certain recurring expenses. Considering a rate of 8.50%, you can receive up to ₹2,833 as interest per month on a fixed deposit of ₹4 Lakhs. Compare FD rates and choose the ideal tenor to maximise your payout and supplement your income.
Here is a breakdown of the monthly interest income on an FD of ₹4 Lakhs for 5 years at different rates of interest:
Deposit Amount |
Interest Rate (p.a.) |
Monthly Interest Payout |
₹4 Lakhs |
6.00% |
₹2,000 |
₹4 Lakhs |
6.50% |
₹2,167 |
₹4 Lakhs |
7.00% |
₹2,333 |
₹4 Lakhs |
7.50% |
₹2,500 |
₹4 Lakhs |
8.00% |
₹2,667 |
₹4 Lakhs |
8.50% |
₹2,833 |
₹4 Lakhs |
9.00% |
₹3,000 |
₹4 Lakhs |
9.50% |
₹3,167 |
₹4 Lakhs |
10.00% |
₹3,333 |
Note: The monthly interest payouts mentioned above are indicative, and actual returns will depend on the issuer’s policies.
Comparing different issuers is crucial as the rates differ across banks and NBFCs. Check out the monthly interest on an FD of ₹4 Lakhs for a tenor of 5 years across different issuers.
Bank/NBFC/HFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
Bajaj Finance Ltd. |
8.10% |
₹2,700 |
8.35% |
₹2,783 |
PNB Housing Finance Ltd. |
7.65% |
₹2,550 |
7.85% |
₹2,617 |
Mahindra Finance Ltd. |
8.10% |
₹2,700 |
8.35% |
₹2,783 |
LIC Housing Finance Ltd |
7.75% |
₹2,583 |
8.00% |
₹2,667 |
Shriram Finance |
8.47% |
₹2,823 |
8.97% |
₹2,990 |
ICICI Bank |
7.00% |
₹2,333 |
7.50% |
₹2,500 |
HDFC Bank |
7.00% |
₹2,333 |
7.50% |
₹2,500 |
IDFC First Bank |
7.00% |
₹2,333 |
7.50% |
₹2,500 |
Axis Bank |
7.10% |
₹2,367 |
7.60% |
₹2,533 |
IndusInd Bank |
7.25% |
₹2,417 |
7.75% |
₹2,583 |
YES Bank |
7.25% |
₹2,417 |
8.00% |
₹2,667 |
Jana Small Finance Bank |
7.25% |
₹2,417 |
7.75% |
₹2,583 |
Ujjivan Small Finance Bank |
7.20% |
₹2,400 |
7.70% |
₹2,567 |
Kotak Mahindra Bank |
6.20% |
₹2,067 |
6.70% |
₹2,333 |
SBI |
6.50% |
₹2,167 |
7.50% |
₹2,500 |
AU Small Finance Bank |
7.25% |
₹2,417 |
7.75% |
₹2,583 |
Note: The above-mentioned rates are subject to change at the issuer’s discretion.
Choosing the right FD scheme is key to earning higher monthly interest income. On Bajaj Markets, you can compare different options with an online FD calculator and choose the one that offers the best returns.
Check the Monthly Interest Rate for Your Fixed Deposits |
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The information provided by BFDL is related to the rates provided by Banks and Deposit taking NBFCs as available from public domain and under no circumstances is intended to be source of advice or recommendation of any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers and use of such 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. Display of any intellectual property along with the related product information does not imply BFDL’s partnership with the owner of the intellectual property of such products and is solely for the purpose of information, unless otherwise provided by BFDL.
Yes. As per Section 194A of the Income Tax Act, TDS is applicable if your annual interest exceeds ₹40,000. For senior citizens, the limit is ₹50,000.
To invest in an FD of ₹4 Lakhs, you need to be an Indian citizen over 18 years. Some issuers also allow non-resident Indians to invest in a fixed deposit.
The maximum interest depends on the tenor and interest rate offered by the issuer.
No, there is no official limit on the interest rate for an FD. However, it depends on the policies and varies across issuers.
Yes, the issuer may levy penalties for premature withdrawal of an FD. The penalty amount varies between banks and NBFCs.
If you do not renew your ₹4 Lakhs fixed deposit, the issuer may contact you or renew the FD for the same tenor. They may also credit the funds to your bank account. The procedure varies depending on the issuer.
No, you cannot add more money to an existing fixed deposit during its tenor. However, you can open a new fixed deposit if you wish to invest more money.
Yes, the Deposit Insurance and Credit Guarantee Corporation (DICGC) insures FDs issued by banks up to ₹5 Lakhs.