Investing ₹6 Crores in a fixed deposit offers financial prudence, especially when considering the monthly interest payout option. In sight of the present state of inflation, this strategy provides a stable income, aiding effective budget management.
However, it's imperative for investors to diligently compare FD interest rates offered by various issuers before making a decision. This careful evaluation ensures optimal returns and aligns with a strategic approach to wealth preservation and consistent income amidst economic fluctuations.
Explore different monthly interest payouts you could earn upon investing ₹6 Crores in an FD for 5 years through the below-listed issuers:
Bank/NBFC/HFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
Bajaj Finance Ltd. |
8.05% |
₹4,02,500 |
8.30% |
₹4,15,000 |
PNB Housing Finance Ltd. |
7.65% |
₹3,82,500 |
7.95% |
₹3,97,500 |
Mahindra Finance Ltd. |
8.05% |
₹4,02,500 |
8.30% |
₹4,15,000 |
LIC Housing Finance |
7.75% |
₹3,87,500 |
8.00% |
₹4,00,000 |
Shriram Finance |
8.27% |
₹4,13,500 |
8.77% |
₹4,38,500 |
AU Small Finance Bank |
7.25% |
₹3,62,500 |
7.75% |
₹3,87,500 |
ICICI Bank |
7.00% |
₹3,50,000 |
7.50% |
₹3,75,000 |
HDFC Bank |
7.00% |
₹3,50,000 |
7.50% |
₹3,75,000 |
IDFC First Bank |
7.00% |
₹3,50,000 |
7.50% |
₹3,75,000 |
Axis Bank |
7.00% |
₹3,50,000 |
7.75% |
₹3,87,500 |
IndusInd Bank |
7.25% |
₹3,62,500 |
7.75% |
₹3,87,500 |
YES Bank |
7.25% |
₹3,62,500 |
8.00% |
₹4,00,000 |
Jana Small Finance Bank |
7.25% |
₹3,62,500 |
7.75% |
₹3,87,500 |
Kotak Mahindra Bank |
6.25% |
₹3,12,500 |
6.75% |
₹3,37,500 |
*Disclaimer: The above-mentioned interest rates are subject to change as per the issuer’s policy.
The monthly interest income depends on the FD interest rate offered for your preferred tenor. Here’s how much monthly interest payout you could 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 |
In conclusion, opting for the monthly interest payout on a fixed deposit, especially with a substantial investment like ₹6 Crores, is a prudent financial strategy. This choice provides investors with a steady and predictable income stream, enhancing liquidity while maintaining the security of their substantial corpus.
Check the Monthly Interest Rate on Your Fixed Deposits |
||