Unlock financial growth by strategically investing ₹60 Lakhs in a fixed deposit, a powerhouse for capital appreciation. Act decisively on interest rates, as they are the catalysts driving your returns.
Choose an FD with attractive interest rates to maximise profitability, securing your investment against inflation and ensuring a steady income stream. Seize the opportunity for substantial and action-driven wealth accumulation, making this a dynamic move for those prioritising tangible results and financial stability.
To learn more about the monthly interest payout you could earn an FDof ₹60 Lakhs over a tenor of 5 years, refer to the table below -
Bank/NBFC/HFC |
Non-Senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
Bajaj Finance Ltd. |
8.05% |
₹40,250 |
8.30% |
₹41,500 |
PNB Housing Finance Ltd. |
7.65% |
₹38,250 |
7.95% |
₹39,750 |
Mahindra Finance Ltd. |
8.05% |
₹40,250 |
8.30% |
₹41,500 |
LIC Housing Finance Ltd |
7.50% |
₹37,500 |
7.75% |
₹38,750 |
Shriram Finance |
8.60% |
₹43,000 |
9.14% |
₹45,700 |
ICICI Bank |
7.00% |
₹35,000 |
7.50% |
₹37,500 |
HDFC Bank |
7.00% |
₹35,000 |
7.50% |
₹37,500 |
IDFC First Bank |
7.00% |
₹35,000 |
7.50% |
₹37,500 |
Axis Bank |
7.00% |
₹35,000 |
7.75% |
₹38,750 |
IndusInd Bank |
7.25% |
₹36,250 |
8.00% |
₹40,000 |
YES Bank |
7.25% |
₹36,250 |
8.00% |
₹40,000 |
Jana Small Finance Bank |
7.25% |
₹36,250 |
7.75% |
₹38,750 |
Ujjivan Small Finance Bank |
7.20% |
₹36,000 |
7.70% |
₹38,500 |
Kotak Mahindra Bank |
6.20% |
₹31,000 |
6.70% |
₹33,500 |
SBI |
6.50% |
₹32,500 |
7.50% |
₹37,500 |
AU Small Finance Bank |
7.25% |
₹36,250 |
7.75% |
₹38,750 |
Disclaimer: The above-mentioned rates are effective as of 16th November 2023 and are subject to change as per the issuer’s discretion.
Here's the monthly interest income you could earn on a fixed deposit of ₹60 Lakhs across different interest rates:
Deposit Amount |
Interest Rate (p.a.) |
Monthly Interest Payout |
₹60 Lakhs |
6.00% |
₹30,000 |
₹60 Lakhs |
6.50% |
₹32,500 |
₹60 Lakhs |
7.00% |
₹35,000 |
₹60 Lakhs |
7.50% |
₹37,500 |
₹60 Lakhs |
8.00% |
₹40,000 |
₹60 Lakhs |
8.50% |
₹42,500 |
₹60 Lakhs |
9.00% |
₹45,000 |
₹60 Lakhs |
9.50% |
₹47,500 |
₹60 Lakhs |
10.00% |
₹50,000 |
Secure your investments by booking a fixed deposit on Bajaj Markets. You can also use the FD calculator to determine the returns you could earn on your investment. All you need to do is enter values such as the deposit amount, investment tenor, and expected rate of interest. The tool will calculate the expected returns based on your inputs.
Check the Monthly Interest Rate on Your Fixed Deposits |
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The maximum ₹60 Lakhs FD interest per month or on maturity depends on the issuer and the tenor that you choose. Generally, a higher interest rate means higher returns.
To be eligible to open an FD account, you must be an Indian citizen, resident or non-resident. In addition, you must be over 18 years of age.
When you apply for an FD scheme, your bank/NBFC will require you to submit certain documents like a PAN card, KYC documents, proof of identity, and photographs.
As per Section 194A of the Income Tax Act of 1961, you will have to pay a 10% TDS on ₹60 Lakhs FD interest if the annual earnings exceeds ₹40,000. The limit is ₹50,000 for senior citizens.