Investing as much as ₹5 Crores in a fixed deposit (FD) transforms your stagnant savings into a source of growing your money. Taking the interest rate as 8% p.a. for 2 years, the amount you can earn as interest per month on an FD of ₹5 Crores would be over ₹1.3 Lakhs.

 

A constant inflow of this substantial sum can cater to your financial requirements and expenses.

Deposit Amount

Interest Rate

Tenure

Months

Interest Payout

At Maturity
At Maturity
Monthly
Quaterly
Half Yearly
Yearly

Investment Amount

Interest Rate

Total Interest Amount

Total Payout (Principal + Interest)

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Monthly Interest on an FD of ₹5 Crores

The FD interest rates have a direct impact on your monthly interest rates. If the former is higher, you can expect to earn increased monthly returns. Check the table below for the monthly interest payout receivable on an FD of ₹5 Crores across different interest rates for 5 years:

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹5 Crores

6.00%

₹2,50,000

₹5 Crores

6.50%

₹2,70,833

₹5 Crores

7.00%

₹2,91,666

₹5 Crores

7.50%

₹3,12,500

₹5 Crores

8.00%

₹3,33,333

₹5 Crores

8.50%

₹3,54,166

₹5 Crores

9.00%

₹3,75,000

₹5 Crores

9.50%

₹3,95,833

₹5 Crores

10.00%

₹4,16,666

Note: The monthly payouts mentioned above are indicative, and your actual returns depend on the issuer’s policies.

Monthly Interest on an FD of ₹5 Crores from Various Banks/NBFCs

Here is an estimate of what you can earn as interest per month on an FD of ₹5 Crores for 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.

7.81%

₹3,25,416

8.05%

₹3,35,416

PNB Housing Finance Ltd.

7.39%

₹3,07,916

7.59%

₹3,16,250

Mahindra Finance Ltd. 

NA

NA

NA

NA

LIC Housing Finance Ltd

7.50%

₹3,12,500

7.50%

₹3,12,500

Shriram Finance

8.47%

₹3,52,916

8.97%

₹3,73,750

ICICI Bank 

7.00%

₹2,91,666

7.00%

₹2,91,667

HDFC Bank 

7.00%

₹2,91,666

7.50%

₹3,12,500

IDFC First Bank 

7.00%

₹2,91,666

7.50%

₹3,12,500

Axis Bank

7.20%

₹3,00,000

7.95%

₹3,31,250

IndusInd Bank 

7.25%

3,02,083

7.75%

3,22,916

Jana Small Finance Bank 

6.30%

₹2,62,500

6.80%

₹2,83,333

Kotak Mahindra Bank

6.25%

₹2,60,416

6.25%

₹2,60,416

SBI

6.00%

₹2,50,000

6.50%

₹2,70,833

Since FD rates impact your monthly interest earnings, compare different offers and apply for the one with the highest potential for returns on Bajaj Markets. You can also make use of the FD interest calculator to get an idea about the compare returns from different schemes.

Disclaimer

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.

FAQs on the Monthly Interest on an FD of ₹5 Crores

Is it possible to make a premature withdrawal from an FD of ₹5 Crores?

Yes, you can prematurely withdraw from a fixed deposit but the issuer may levy a penalty on the interest accrued.

How can I extend the duration of my FD of ₹5 Crores?

You can extend the tenor of an FD of ₹5 Crores upon maturity or opt for auto-renewal. With the latter, the bank/NBFC automatically renews it for the same term and interest rate.

Are there any special benefits for senior citizens with an FD of ₹5 Crores?

Some FD issuers may offer higher interest rates on an FD of ₹5 Crores to senior citizens. These interest rates are typically 25 to 50 basis points higher than those offered to non-senior citizens.

What are the eligibility criteria for opening an FD of ₹5 Crores?

To open an FD of ₹5 Crores, you must be at least 18 years old and an Indian resident or NRI. Both salaried and self-employed individuals qualify for this as well. However, these terms may vary across issuers.

What documents are required to open an FD of ₹5 Crores?

You need identity proofs like a driving licence, an Aadhaar card, or voter's ID, along with address proofs like utility bills or a passport. However, the required documents may vary depending on your chosen issuer.

Is the interest earned on an FD of ₹5 Crores taxable?

Yes, the interest earned on an FD of ₹5 Crores is taxable under Section 194A of the Income Tax Act of 1961. If the total interest earned in a financial year exceeds ₹40,000, TDS at 10% will be applicable (₹50,000 for senior citizens).

What factors influence the monthly interest earned on an FD of ₹5 Crores?

Several factors impact the amount you can earn as interest per month on an FD of ₹5 Cr. These include the prevailing interest rate, the chosen tenor, and the frequency of interest payouts (monthly, quarterly, or annual).

What are the benefits of opting for monthly interest payouts on an FD of ₹5 Crores?

Opting for monthly interest payouts on a fixed deposit of ₹5 Crores provides a regular source of income, beneficial for meeting your expenses. Additionally, it ensures liquidity as you receive a portion of the interest regularly without waiting for the FD to mature.

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