Monthly Interest for ₹5 Lakh FD

Investing a substantial amount in market-linked tools can be a risky manoeuvre unless you’re ready to endure volatility. However, FDs offer a safe haven to risk-averse investors who are looking to park their savings in a stable tool that provides them with assured returns with periodic interest payouts. 

For instance, if you deposit a sum of ₹5 Lakhs, then you can earn interest of more than ₹2 Lakhs over 5 years at a rate of 7%. Moreover, you can reinvest the maturity amount to benefit from compounded interest. 

Read on to learn more about the applicable interest rates offered by various banks and NBFCs in the following sections.

The table below indicates the monthly interest payout on a ₹5 Lakh FD you could earn across different banks and NBFCs for a tenor of 5 years:

*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 Lakh fixed deposit across various interest rates.

Now that you have a better understanding of the potential returns you could earn on a ₹5 Lakh FD, choose an issuer of your choice. On Bajaj Markets, you can select from multiple FD issuers who offer competitive interest rates. 

Moreover, you can also make use of the FD interest calculator on the platform to determine the potential returns you could earn on your fixed deposit investment.