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

Investing ₹4 Lakhs in a fixed deposit (FD) is a prudent and low-risk financial strategy to safeguard your capital while generating a reliable return. However, it's essential to understand that FD interest rates are subject to fluctuations over time.

 

Diligently monitoring the prevailing interest rates when making your investment decision can ensure optimised returns and financial security with your FD investment.

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 ₹4 Lakhs Fixed Deposit

The table below indicates the monthly interest payout you could earn on a ₹4 Lakhs fixed deposit across different 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%

8.30%

₹2,767

PNB Housing Finance Ltd. 

7.65%

₹2,550

7.95%

₹2,650

Mahindra Finance Ltd. 

8.05%

₹2,683

8.30%

₹2,767

LIC Housing Finance Ltd

7.50%

₹2,500

7.75%

₹2,583

Shriram Finance

8.60%

₹2,867

9.14%

₹3,047

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 

7.00%

₹2,333

7.75%

₹2,583

IndusInd Bank 

7.25%

₹2,417

8.00%

₹2,667

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

Disclaimer: The above-mentioned rates are effective as of 15th November 2023 and are subject to change as per the issuer’s discretion.

Monthly Interest Income on a ₹4 Lakhs Fixed Deposit

The table below highlights the monthly interest income you could earn on an FD of ₹4 Lakhs at different interest rates:

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


You can also use the FD calculator to estimate the maturity amount you would receive on your fixed deposit investment. Input key details such as the principal amount, tenor, and the applicable interest rate. The FD calculator will compute the maturity amount, taking into account the compound interest earned during the investment period.

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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FAQ on Monthly Interest for ₹4 Lakh FD

The taxation of FD income depends on how much interest you earn. As per 194A of the Income Tax Act, if your annual interest exceeds ₹40,000, the interest is subject to TDS. The limit extends up to ₹50,000 for senior citizen investors. As such, it is unlikely that you will exceed this yearly limit, at the current rates.

To invest in an FD of ₹ Lakhs, you need to be at least 18 years old and a citizen of India, non-resident or resident. If you are a minor, you can invest with the help of a guardian or parent,

The maximum you can get depends on the tenor and issuer you choose. Generally, the rates can go up to 8% per annum for regular investors. So, if you choose a tenor of 5 years and the issuer offers an interest rate of 7.77%, your ₹4 Lakh FD interest per amount will be ₹2,590.

There is no official limit on the interest rate for a fixed deposit of ₹4 Lakhs. However, the minimum and maximum cap of interest rate depends on the issuer.

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