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.
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.
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.
Check the Monthly Interest Rate on Your Fixed Deposits |
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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.