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 |
Bajaj Finance Ltd. |
8.05% |
₹ 3,35,417 |
8.30% |
₹ 3,45,833 |
PNB Housing Finance Ltd. |
7.39% |
₹ 3,07,917 |
7.69% |
₹ 3,20,417 |
Mahindra Finance Ltd. |
8.05% |
₹ 3,35,417 |
8.30% |
₹ 3,45,833 |
LIC Housing Finance |
7.75% |
₹ 3,22,917 |
8.00% |
₹ 3,33,333 |
Shriram Finance |
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, you can withdraw an amount from your ₹5 Crores FD prematurely. However, you will be charged a penalty fee for withdrawing the amount prematurely. Generally, the amount charged by the bank as a penalty for premature withdrawal ranges from 0.50% -1.00% of the interest.
You can extend your ₹5 Crores FD when it reaches a period of maturity. You can also opt for an auto-renewal feature for your ₹5 Crores FD. Under this feature, the bank itself automatically renews your fixed deposit for the same term and interest rate upon maturity.
Senior citizen interest rates on a ₹5 Crores FD range from 2.55% -8.50% p.a. Most banks and NBFCs offer an additional interest rate for senior citizens of 50 bps over the regular fixed deposit interest rates.
You can simply calculate the monthly interest on ₹5 Crores fixed deposit by using the free Fixed Deposit Calculator. The calculator helps you to instantly know the interest amount on your ₹5 Crores fixed deposit along with the maturity amount.
To calculate interest on your ₹5 Crores fixed deposit using this online tool, select the customer type. You will receive the options of senior citizens and non-senior citizens.
Select the FD type between a cumulative or a non-cumulative FD.
Now, enter your deposit amount and select your desired investment tenor, ranging from a week to 10 years. The online calculator will now display the interest earned and the total amount at maturity.
Alternatively, you can also calculate the FD interest rate by using the mathematical formula:
M= P + P {(1 + i/100) t – 1}, where P equals the principal amount, i equals the rate of interest per period, and t equals the tenor.
The eligibility criteria to open a ₹5 Crores fixed deposit requires investors to be 18 years of age or above. Moreover, only Indian residents are eligible to open a fixed deposit account with Indian financial institutions.
Further, both salaried individuals and self-employed individuals are eligible to open a fixed deposit of ₹5 Crores.
You will have to submit a driving licence, Aadhar card, Voter’s ID card or a Government-issued ID card to prove your identity. Additionally, you will also have to submit an electricity bill, telephone bill or passport as address proof. In the case of a non-individual you will have to submit Registration/Incorporation certificate, Memorandum or Articles of Association, Board resolution for opening FD, Partnership deed, HUF deed and a recent bank account statement.