Earn interest up to 8.60%  p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable) Invest Now

Embark on a path of robust financial growth with a ₹70 Lakhs fixed deposit, a strategic investment avenue. Take charge by focusing on the pivotal element - interest rates - that shapes your returns.


Opt for an FD offering competitive interest rates to amplify profitability, safeguarding your investment against inflation and securing a consistent income flow with the monthly payout option.

Deposit Amount
Tenure
Months
Interest Rate
%
Interest Payout
Your Total Maturity Amount is
Your Total Maturity Amount is
Total Investment
Total Interest Earned

Monthly Interest Payout on a ₹70 Lakhs Fixed Deposit

To learn more about the monthly interest payout you could earn an FDof ₹70 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%

₹46,958

8.30%

₹48,417

PNB Housing Finance Ltd. 

7.65%

₹44,625

7.95%

₹46,375

Mahindra Finance Ltd. 

8.05%

₹46,958

8.30%

₹48,417

LIC Housing Finance Ltd

7.50%

₹43,750

7.75%

₹45,208

Shriram Finance

8.60%

₹50,167

9.14%

₹53,317

ICICI Bank 

7.00%

₹40,833

7.50%

₹43,750

HDFC Bank 

7.00%

₹40,833

7.50%

₹43,750

IDFC First Bank 

7.00%

₹40,833

7.50%

₹43,750

Axis Bank 

7.00%

₹40,833

7.75%

₹45,208

IndusInd Bank 

7.25%

₹42,292

8.00%

₹46,667

YES Bank 

7.25%

₹42,292

8.00%

₹46,667

Jana Small Finance Bank 

7.25%

₹42,292

7.75%

₹45,208

Ujjivan Small Finance Bank

7.20%

₹42,000

7.70%

₹44,917

Kotak Mahindra Bank

6.20%

₹36,167

6.70%

₹39,083

SBI

6.50%

₹37,917

7.50%

₹43,750

AU Small Finance Bank

7.25%

₹42,292

7.75%

₹45,208

Disclaimer: The above-mentioned rates are effective as of 16th November 2023 and are subject to change as per the issuer’s discretion.

Monthly Interest Income on a ₹70 Lakhs Fixed Deposit

Here's the monthly interest income you could earn on a fixed deposit of ₹70 Lakhs across different interest rates:

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹70 Lakhs

6.00%

₹35,000

₹70 Lakhs

6.50%

₹37,917

₹70 Lakhs

7.00%

₹40,833

₹70 Lakhs

7.50%

₹43,750

₹70 Lakhs

8.00%

₹46,667

₹70 Lakhs

8.50%

₹49,583

₹70 Lakhs

9.00%

₹52,500

₹70 Lakhs

9.50%

₹55,417

₹70 Lakhs

10.00%

₹58,333

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.

 

Now that you have an understanding of the monthly interest payout you could receive on a ₹70 Lakhs FD, secure your investments by booking a fixed deposit 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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FAQs on a Monthly Interest for ₹70 Lakh FD

FD issuers will deduct TDS if you earn interest of more than ₹40,000 as a regular investor or ₹50,000 as a senior citizen investor. Your total FD interest earnings are taxed as per your tax slab.

The payout you receive from a ₹70 Lakh FD depends on the interest rate you get. The interest rate is based on the current market climate, your profile as an investor, the tenor and the type of FD you book. 

To invest in a ₹70 Lakh fixed deposit as an individual, you need to submit only basic documents that include KYC documents like PAN card and ID proof along with passport-size photographs

Yes, individuals can start an FD of ₹70 Lakhs by meeting simple eligibility criteria such as investing as a citizen of India, a non-resident citizen of India, or an overseas citizen of India. You must be at least 18 years of age, though adults can book an FD for a minor.

You can compute your monthly interest for ₹70 Lakhs in a bank FD or NBFC FD with an online FD interest calculator. This simple tool either uses the simple interest formula or the compound interest formula to calculate your earnings instantly. 

 

Enter your investment amount, applicable interest rate, and tenor to get your monthly earnings and maturity amount.

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