Monthly Interest for an FD of ₹50 Lakhs

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)

Get Returns up to 9.40%* p.a.

Upon choosing the monthly payout option for your fixed deposit of ₹50 Lakhs, you can earn up to ₹40,000 with an interest rate of 9%. However, compare your options before you invest. This is crucial because several factors affect the rate and the monthly interest on an FD of ₹50 Lakhs you will receive.

Monthly Interest Payout on a Fixed Deposit of ₹50 Lakhs

Your returns depend on the interest rate that the issuer will offer. Naturally, higher rates will lead to better returns, over the same tenor. Here is an estimate of the monthly interest on an FD of ₹50 Lakhs with different rates over a tenor of 5 years:

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹50 Lakhs

6.00%

₹25,000

₹50 Lakhs

6.50%

₹27,083

₹50 Lakhs

7.00%

₹29,166

₹50 Lakhs

7.50%

₹31,250

₹50 Lakhs

8.00%

₹33,333

₹50 Lakhs

8.50%

₹35,416

₹50 Lakhs

9.00%

₹37,500

₹50 Lakhs

9.50%

₹39,583

₹50 Lakhs

10.00%

₹41,666

Note: The interest payouts mentioned above are indicative, and your returns may vary depending on the issuer’s policies.

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Monthly Interest on an FD of ₹50 Lakhs Offered by Banks and NBFCs

Considering that issuers change their rates at various intervals, it is important to compare before you invest. This table shows the monthly interest on an FD of ₹50 Lakhs for senior citizens and regular citizens across different issuers. 

 

The tenor assumed for this calculation is 5 years:

Bank/NBFC/HFC

Non-Senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

Bajaj Finance Ltd. 

7.81%

₹32,541

8.05%

₹33,541

PNB Housing Finance Ltd. 

7.39%

₹30,791

7.59%

₹31,625

Mahindra Finance Ltd. 

7.55%

₹31,458

7.80%

₹32,500

LIC Housing Finance

7.50%

₹31,250

7.75%

₹32,291

Shriram Finance

8.47%

₹35,291

8.97%

₹37,375

ICICI Bank 

7.00%

₹29,166

7.50%

₹31,250

HDFC Bank 

7.00%

₹29,166

7.50%

₹31,250

IDFC First Bank 

7.00%

₹29,166

7.50%

₹31,250

Axis Bank 

7.00%

₹29,166

7.75%

₹32,291

IndusInd Bank 

7.25%

₹30,208

7.75%

₹32,291

YES Bank

7.25%

₹30,208

8.00%

₹33,333

Jana Small Finance Bank 

7.25%

₹30,208

7.75%

₹32,291

Kotak Mahindra Bank

6.20%

₹25,833

6.70%

₹27,916

SBI

6.50%

₹27,083

7.50%

₹31,250

AU Small Finance Bank

7.21%

₹30,041

7.70%

₹32,083

Ujjivan Small Finance Bank

7.20%

₹30,000

7.70%

₹32,083

Note: The above-mentioned rates are subject to change at the issuer’s discretion.

 

Now that you have a better understanding of the amount you can earn as interest on an FD of ₹50 Lakhs, choose a suitable issuer. On Bajaj Markets, you can explore and compare FD options from various issuers.


You can also access the FD interest calculator on the platform to determine the potential returns and invest accordingly. This allows you to make an informed investment decision and earn lucrative returns. 

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 Monthly Interest for an FD of ₹50 Lakhs

Is there a tax applicable on the interest earned on an FD of ₹50 Lakhs?

Yes, if the yearly interest on an FD of ₹50 Lakhs exceeds ₹40,000, TDS will be deducted. The limit is ₹50,000 for senior citizens. The TDS rate is 10% PAN is available and 20% if not. Additionally, the interest you earn is taxable as per your tax slab, regardless of the amount.

How much interest will I get on a fixed deposit of ₹50 Lakhs?

The monthly payout depends on the interest rate on a fixed deposit of ₹50 Lakhs. The rate depends on the bank or NBFC and the tenor.

What are the documents required for a fixed deposit of ₹50 Lakhs?

To invest in an FD, you need to provide documents such as a PAN card, KYC documents, identity proof, address proof and passport-size photographs. These can vary depending on the issuer you choose.

What are the eligibility criteria for a fixed deposit of ₹50 Lakhs?

Indian citizens, non-resident Indians, and overseas citizens of India, aged 18 years and above, are eligible. However, the specific criteria may vary across issuers.

How can I calculate interest on a fixed deposit of ₹50 Lakhs?

You can calculate the interest per month on an FD of ₹50 Lakhs using an online FD interest calculator. If you want to calculate the interest manually, you can use the simple or compound interest formula.

Are there any penalties for premature withdrawal of an FD of ₹50 Lakhs?

Yes, penalties for premature FD withdrawal vary across issuers. Typically, they are deducted from the interest earned, with the remainder paid upon withdrawal.

What happens to the interest if I choose to reinvest it instead of receiving monthly payouts on my FD of ₹50 Lakhs?

If you reinvest the interest earned from your FD of ₹50 Lakhs, it is added to the principal amount and earns interest as per the prevailing rates. This allows your investment to grow faster over time, potentially increasing your overall returns.

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