If you are looking for stable earnings free of market-linked risks, then fixed deposits could be the ideal choice for you. Not only will you be able to earn guaranteed returns on your investment but also choose your preferred payout cycle at your convenience.
For instance, if you choose to park ₹5 Crores for 5 years at a rate of 7.50% p.a., you would earn an interest income of over ₹2 Crores. Opting for a monthly payout cycle can be quite beneficial and cater to your financial requirements and expenses, These may include buying a new property, or vehicle, or planning your much-needed vacation, among others.
Learn more about the interest rates offered by various banks and financial institutions and the monthly interest you could earn on a ₹5 Crores FD below.
The table below indicates the monthly interest payout on a ₹5 Crores FD you could earn 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 |
8.05% |
₹ 3,35,417 |
8.30% |
₹ 3,45,833 |
|
7.39% |
₹ 3,07,917 |
7.69% |
₹ 3,20,417 |
|
8.05% |
₹ 3,35,417 |
8.30% |
₹ 3,45,833 |
|
LIC Housing Finance |
7.75% |
₹ 3,22,917 |
8.00% |
₹ 3,33,333 |
8.27% |
₹ 3,44,583 |
8.77% |
₹ 3,65,417 |
|
ICICI Bank |
5.00% |
₹ 2,08,333 |
5.00% |
₹ 2,08,333 |
HDFC Bank |
7.00% |
₹ 2,91,667 |
7.70% |
₹ 3,20,833 |
IDFC First Bank |
6.80% |
₹ 2,83,333 |
7.30% |
₹ 3,04,167 |
Axis Bank |
7.00% |
₹ 2,91,667 |
7.75% |
₹ 3,22,917 |
IndusInd Bank |
7.25% |
₹ 3,02,083 |
7.25% |
₹ 3,02,083 |
Jana Small Finance Bank |
7.00% |
₹ 2,91,667 |
7.00% |
₹ 2,91,667 |
Kotak Mahindra Bank |
6.25% |
₹ 2,60,417 |
6.25% |
₹ 2,60,417 |
SBI |
6.00% |
₹ 2,50,000 |
6.50% |
₹ 2,70,833 |
*Disclaimer: The above-mentioned rates are effective as of 20 October 2023, and are subject to change at the issuer’s discretion.
Here is an estimate of the monthly interest payout you would receive on a ₹5 Crores fixed deposit -
Deposit Amount |
Interest Rate (p.a.) |
Monthly Interest Payout |
₹5 Crores |
3.00% |
₹ 1,25,000 |
₹5 Crores |
3.50% |
₹ 1,45,833 |
₹5 Crores |
4.00% |
₹ 1,66,667 |
₹5 Crores |
4.50% |
₹ 1,87,500 |
₹5 Crores |
5.00% |
₹ 2,08,333 |
₹5 Crores |
5.50% |
₹ 2,29,167 |
₹5 Crores |
6.00% |
₹ 2,50,000 |
₹5 Crores |
6.50% |
₹ 2,70,833 |
₹5 Crores |
7.00% |
₹ 2,91,667 |
₹5 Crores |
7.50% |
₹ 3,12,500 |
₹5 Crores |
8.00% |
₹ 3,33,333 |
₹5 Crores |
8.50% |
₹ 3,54,167 |
₹5 Crores |
9.00% |
₹ 3,75,000 |
₹5 Crores |
9.50% |
₹ 3,95,833 |
₹5 Crores |
10.00% |
₹ 4,16,667 |
You may now have a much better understanding of your estimated returns on a ₹5 Crore FD. This can help you choose the preferred FD issuer of your choice on Bajaj Markets, and benefit from competitive interest rates.
You can also make use of the FD interest calculator to get an idea about the potential earnings from your FD investment.
Check Monthly Interest Rates on Your Fixed Deposits |
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Yes, premature withdrawals are allowed but the issuer may levy a penalty on the interest accrued.
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.
Some FD issuers may offer senior citizens special interest rates when booking a fixed deposit. These interest rates are typically higher than those offered to non-senior citizens.
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.
You need identity proofs like a driving license, an Aadhar card, or voter's ID, along with address proofs like utility bills or a passport. Entities must provide additional documents such as registration certificates and bank statements.
Yes, the interest earned on a ₹5 Crore FD is taxable. Depending on the total interest earned in a financial year, tax deduction at source (TDS) may be applicable as per income tax regulations.
Several factors impact the monthly interest earned on a ₹5 Crore FD. These include the prevailing interest rate, the chosen tenor, the frequency of interest payouts (monthly, quarterly, or annual), and any applicable additional interest rates for senior citizens.
Opting for monthly interest payouts on a ₹5 Crore FD provides a regular source of income, which can be beneficial for meeting expenses and more. Additionally, it ensures liquidity as you receive a portion of the interest regularly without waiting for the maturity of the FD.