Investing ₹6 Crores in a fixed deposit offers financial prudence when considering the monthly interest payout option. You can get up to ₹4 Lakhs at an interest rate of 8% p.a. when you stay invested for 5 years.

 

However, compare the monthly interest payout on an FD of ₹6 Crores and interest rates offered by different issuers before making a decision. This careful evaluation ensures optimal returns and aligns with a strategic approach to wealth preservation and consistent income.

Deposit Amount

Interest Rate

Tenure

Months

Interest Payout

At Maturity
At Maturity
Monthly
Quaterly
Half Yearly
Yearly

Invest Amount

Interest Rate

Total Interest Amount

Total Payout Principal + Interest

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Monthly Interest Payout for a Fixed Deposit of ₹6 Crores

The monthly interest income depends on the FD interest rate offered for your preferred tenor. See the table to understand how much monthly interest payout you can receive after investing ₹6 Crores for a 5-year tenor: 

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹6 Crores

6.00%

₹3,00,000

₹6 Crores

6.50%

₹3,25,000

₹6 Crores

7.00%

₹3,50,000

₹6 Crores

7.50%

₹3,75,000

₹6 Crores

8.00%

₹4,00,000

₹6 Crores

8.50%

₹4,25,000

₹6 Crores

9.00%

₹4,50,000

₹6 Crores

9.50%

₹4,75,000

₹6 Crores

10.00%

₹5,00,000

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

Monthly Interest Payout for a Fixed Deposit of ₹6 Crores from Banks/NBFCs

Explore different monthly interest payouts you can earn upon investing ₹6 Crores in an FD for 5 years: 

Bank/NBFC

Non-senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

LIC Housing Finance Ltd

7.50%

₹3,75,000

7.50%

₹3,75,000

Shriram Finance

8.47%

₹4,23,500

8.97%

₹4,48,500

ICICI Bank 

7.00%

₹3,50,000

7.00%

₹3,50,000

HDFC Bank

7.00%

₹3,50,000

7.00%

₹3,50,000

Axis Bank

7.00%

₹3,50,000

7.50%

₹3,75,000

Jana Small Finance Bank 

6.25%

₹3,12,500

6.25%

₹3,12,500

Kotak Mahindra Bank

6.25%

₹3,12,500

6.25%

₹3,12,500

IDFC First Bank

7.25%

₹3,12,500

7.75%

₹3,87,000

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


Opting for the monthly interest payout on a fixed deposit that provides a steady and predictable income stream requires careful planning. You can compare different offers and secure an FD quickly and with ease on Bajaj Markets.

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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Frequently Asked Questions

What are the tax implications on the interest earned from an FD of ₹6 Crores?

Issuers need to deduct a 10% TDS on the interest earned from FDs if the interest income exceeds ₹40,000 in a financial year. For senior citizens (individuals aged 60 years or above), TDS is deducted if the interest income exceeds ₹50,000 in a financial year.

How can I calculate the monthly interest on an FD of ₹6 Crores?

You can calculate the monthly interest on an FD of ₹6 Crores using an FD calculator. The is an online tool that you can use to get an estimate of your monthly interest income promptly.

What documents are required to open a fixed deposit account of ₹6 Crores?

The specific documents required to open a Fixed Deposit (FD) account for ₹6 Crores may vary depending on the issuer’s policies. However, in general, you may have to provide your identity and address proof, bank account details, PAN card, and the latest photographs.

What is the interest rate for an FD of ₹6 Crores?

The interest rates for a deposit depend on several factors, including the issuer and tenor that you choose. Always compare different options before booking a fixed deposit, as it could help you maximise your earnings.

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