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

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.

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 ₹5 Crores Fixed Deposit

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.

Monthly Interest for ₹5 Crores in Fixed Deposit

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.

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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FAQs

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.

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