Monthly Interest on a Fixed Deposit of ₹70 Lakhs

Investing in a ₹70 Lakh FD can provide a steady source of monthly income, helping you achieve financial stability. By selecting an FD with the right interest rate and tenure, you can maximise your returns while ensuring consistent payouts. Explore various options to find the best FD that aligns with your financial goals.

 

For instance, you can earn ₹52,500 as ₹70 Lakh FD interest per month at 9%  p.a. over a tenure of 5 years, with total interest earning of ₹37.7 Lakhs.

 

Similarly, opting for a shorter tenure, say 2 years on the same FD amount at 9% interest rate p.a. will generate monthly interest of ₹52,500, but here the total interest earned per annum will go down to ₹13 Lakhs. Hence, compare your tenures before you plan your investment.

Refer to this table for an overview of monthly interest for a ₹70 Lakh FD in a bank or NBFC for 5 years.

Choosing the right bank or NBFC is key to earning higher returns. Check the ₹70 Lakh fixed deposit interest per month across banks and NBFCs for 5 years, in 2025.

Here’s a table detailing the maturity amounts for a ₹70 Lakh FD at an interest rate of 7.00% p.a., with a breakdown across different tenures:

Non-resident Indians (NRIs) can invest in fixed deposits using Non-resident External (NRE) and Non-resident Ordinary (NRO) accounts. The table below outlines the interest rates available for NRE and NRO fixed deposits:

To get an estimate of what you earn, understand the tax implications on your investment of ₹70 Lakh FD. As per the Income Tax Act of 1961, the following regulations apply.

• If your annual interest earnings exceed ₹40,000, bank or NBFC deduct Tax Deducted at Source (TDS) 

• If you are a senior citizen, the limit for TDS deduction on FD interest income is ₹50,000 in a financial year

• A TDS at a regular rate of 10% will be applicable if you have furnished your PAN card

• If you have not provided your PAN details, the financial institution will deduct TDS at 20%

To determine your returns, you can use the calculator provided above. Here is how you can compute ₹70 Lakh FD interest per month:

1. Enter the amount, tenure, and interest rate

2. Select ‘Monthly’ under the ‘Interest Payout’ option 

3. You can view the amount receivable as a monthly interest payment and the total interest

Maturity Amount Calculation Example

Here’s how you can manually calculate the monthly interest earned for a ₹70 Lakh FD at an interest rate of 8.50% p.a. for a period of 3 years (36 months):

• Monthly Interest Earned = Principal × Interest Rate / 12

• Monthly Interest Earned = ₹70,00,000 × 8.50% / 12

• Monthly Interest Earned = ₹5,95,000 / 12

• Monthly Interest Earned = ₹49,583.33

 

The ₹70 Lakh FD interest per month earned  at 8.50% p.a. would be ₹49,583.33

 

Total Interest Earned Upon Maturity

• Total Interest Earned = Monthly Interest × Number of Months

• Total Interest Earned = ₹49,583.33 × 36

• Total Interest Earned = ₹17,85,000

 

The total interest accumulated over the 3-year tenure would amount to ₹17,85,000, with a monthly interest payout of ₹49,583.33

 

Note: This is an estimate, and actual figures may vary based on the bank or NBFC's specific calculation methods.

Withdrawing funds from a ₹70 Lakh FD before maturity often leads to penalties. Banks and NBFCs may reduce the interest rate and charge a fee based on the amount withdrawn, reducing your earnings as ₹70 Lakh FD interest per month . It's essential to check the terms before making early withdrawals to understand the impact on your earnings.

FD Premature Withdrawal Example

You invest ₹70 Lakhs in a fixed deposit at an interest rate of 7.20% p.a. for a 3-year tenure. However, you decide to withdraw after 1 year, the interest rate drops to 6.20% p.a. for the completed period. Additionally, with a 1% penalty for premature withdrawal, the final rate reduces to 5.20% p.a., leading to lower-than-expected returns.

The information provided by BFDL is related to the rates provided by Banks and Deposit taking NBFCs as available from public domain and under no circumstances is intended to be source of advice or recommendation of any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers and use of such 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. Display of any intellectual property along with the related product information does not imply BFDL’s partnership with the owner of the intellectual property of such products and is solely for the purpose of information, unless otherwise provided by BFDL.