Investment Amount
Interest Rate
Total Interest Amount
Total Payout (Principal + Interest)
Investing a large amount, like ₹75 Lakhs, in FDs with a monthly payout option could provide a steady interest income. For instance, you could earn approximately ₹35,000 per month on an FD of ₹75 Lakhs for 5 years at 8% p.a. Compare rates from leading banks and NBFCs to maximise your earnings.
The interest amount varies depending on the rate offered. Check out the table below to understand the impact of rates on interest per month on an FD of ₹75 Lakhs. The tenure assumed is 5 years.
Deposit Amount |
Interest Rate (p.a.) |
Monthly Interest Payout |
₹75 Lakhs |
6.00% |
₹37,500 |
₹75 Lakhs |
6.50% |
₹40,625 |
₹75 Lakhs |
7.00% |
₹43,750 |
₹75 Lakhs |
7.50% |
₹46,875 |
₹75 Lakhs |
8.00% |
₹50,000 |
₹75 Lakhs |
8.50% |
₹53,125 |
₹75 Lakhs |
9.00% |
₹56,250 |
₹75 Lakhs |
9.50% |
₹59,375 |
₹75 Lakhs |
10.00% |
₹62,500 |
Note: The above table is for illustrative purposes. The actual returns depend on the bank or NBFCs policies.
Refer to the following table for monthly interest on an FD of ₹75 Lakhs for 5 years across different banks and NBFCs:
Bank/NBFC/HFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
Bajaj Finance Ltd. |
8.10% |
₹50,625 |
8.35% |
₹52,188 |
PNB Housing Finance Ltd. |
7.60% |
₹47,500 |
7.80% |
₹48,750 |
Mahindra Finance Ltd. |
8.10% |
₹50,625 |
8.35% |
₹52,188 |
LIC Housing Finance |
7.75% |
₹48,438 |
8.00% |
₹50,000 |
Shriram Finance |
8.47% |
₹52,937 |
8.97% |
₹56,062 |
ICICI Bank |
7.00% |
₹43,750 |
7.60% |
₹47,500 |
HDFC Bank |
7.20% |
₹45,000 |
7.70% |
₹48,125 |
IDFC First Bank |
7.00% |
₹43,750 |
7.50% |
₹46,875 |
Axis Bank |
7.00% |
₹43,750 |
7.75% |
₹48,437 |
IndusInd Bank |
7.25% |
₹45,312 |
7.75% |
₹48,437 |
YES Bank |
7.25% |
₹45,312 |
8.00% |
₹50,000 |
Jana Small Finance Bank |
7.25% |
₹45,312 |
7.75% |
₹48,437 |
Kotak Mahindra Bank |
7.00% |
₹43,750 |
7.60% |
₹47,500 |
SBI |
6.50% |
₹40,625 |
7.50% |
₹46,875 |
AU Small Finance Bank |
7.25% |
₹45,312 |
7.75% |
₹48,437 |
Ujjivan Small Finance Bank |
7.20% |
₹45,000 |
7.70% |
₹48,125 |
Note: The above interest rates are as of June 2024 and subject to change at the bank or NBFCs’ discretion.
Here’s a table detailing the maturity amounts for a ₹75 Lakh FD at an interest rate of 7.70% p.a., with a breakdown across different tenures:
Tenure |
Yearly Payout |
1 Year (12 Months) |
₹80,77,500 |
2 Years (24 Months) |
₹86,99,468 |
3 Years (36 Months) |
₹93,69,326 |
4 Years (48 Months) |
₹1,00,90,765 |
5 Years (60 Months) |
₹1,08,67,754 |
Note: The above-mentioned rates are subject to change at the bank or NBFC's discretion.
Non-resident Indians (NRIs) can invest in fixed deposits through Non-resident External (NRE) and Non-resident Ordinary (NRO) accounts. The table below highlights the interest rates offered for NRE and NRO fixed deposits:
Bank/NBFC/HFC |
NRO |
NRE |
Bajaj Finance Ltd. |
8.35% |
- |
ICICI Bank |
7.25% |
7.25% |
HDFC Bank |
7.40% |
7.40% |
IDFC First Bank |
7.75% |
7.75% |
Axis Bank |
7.10% |
7.10% |
IndusInd Bank |
7.99% |
7.99% |
YES Bank |
8.00% |
8.00% |
Jana Small Finance Bank |
8.25% |
8.25% |
Kotak Mahindra Bank |
7.50% |
7.50% |
SBI |
7.25% |
7.25% |
AU Small Finance Bank |
8.00% |
8.00% |
Ujjivan Small Finance Bank |
8.25% |
8.25% |
Note: The above-mentioned rates are subject to change at the bank or NBFC's discretion.
You can determine your actual returns on your FD only after deducting your tax liabilities. Here are some of the regulations that apply to investment in fixed deposits:
The bank or NBFC will impose Tax Deducted at Source (TDS) if your annual interest income is more than ₹40,000
Furnish Form 15G or 15H to avoid any deduction if you fall under no income tax bracket
A standard TDS rate of 10% will be applicable if you have furnished your PAN details
A TDS of 20% will be applicable if you have not submitted your PAN card
To compute potential returns on your FD investment, utilise the facility provided above. Follow these simple steps to get an estimate for monthly interest on an FD of ₹75 Lakhs:
Enter the investment amount, tenure, and interest rate
Opt for the ‘Monthly’ option under the ‘Interest Payout’ section
You can check the estimate of total and monthly interest payouts
Here’s how you can manually calculate the monthly interest earned for a fixed deposit of ₹75 Lakhs at an interest rate of 7.70% p.a. for a period of 3 years (36 months):
Monthly Interest Earned = Principal × Interest Rate / 12
Monthly Interest Earned = ₹75,00,000 × 7.70% / 12
Monthly Interest Earned = ₹5,77,500 / 12
Monthly Interest Earned = ₹48,125
Therefore, the monthly interest earned on an FD of ₹75 Lakhs at 7.70% p.a. would be ₹48,125
Total Interest Earned Upon Maturity
Total Interest Earned = Monthly Interest × Number of Months
Total Interest Earned = ₹48,125 × 36
Total Interest Earned = ₹17,32,500
The total interest accumulated over the 3-year period would be ₹17,32,500, with a monthly payout of ₹48,125
Note: This is an estimate. Actual figures may vary based on the bank or NBFC's specific calculation methods.
If you withdraw funds from your investment before maturity, the bank or NBFC will impose a penalty, leading to reduced earnings. Premature withdrawals often result in lower interest rates than initially offered. Some financial institutions may also charge an additional penalty on the withdrawn amount.
You invest ₹75 Lakhs in a fixed deposit at 7.70% p.a. for 3 years but withdraw after 1 year. The interest rate then drops to 6.70% p.a., and with a 1% penalty, the final rate is reduced to 5.70% p.a., resulting in lower returns.
Parameter |
Details |
Principal Amount Invested |
₹75,00,000 |
Maturity After 3 Year |
₹ 93,69,326 |
Interest Rate at the Time of Booking |
7.70% p.a. |
Effective Interest Rate for 1 Year Tenure |
6.70% p.a. |
Premature Withdrawal Penalty Rate |
1% p.a. |
Final Interest Rate |
5.70% p.a. |
Final Amount Payable |
₹79,27,500 |
Note: The figures above are for illustration purposes only. The actual penalty charges may vary depending on the bank or NBFC’s policies.
Check the Monthly Interest Rate for Your Fixed Deposits |
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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.
The documents you need to open an FD of ₹75 Lakhs include an ID proof, like a PAN card, an address proof, and other KYC documents. Some issuers may require additional paperwork for verification.
Yes, interest on even a ₹75 Lakh FD is taxable. However, it will not be subject to TDS if the interest does not exceed ₹40,000 annually. For senior citizens, this limit is ₹50,000.
This depends on the issuer you choose. Generally, issuers require you to be an Indian citizen over the age of 18 years. Many issuers also allow you to invest if you are a Non-resident Indian (NRI).
There is no interest rate cap set by the government for FDs in India, regardless of the amount invested. Issuers determine the interest rates based on factors like the tenor, market conditions, and their internal policies.
You can use online FD calculators. These are user-friendly tools that provide quick estimates of your maturity amount based on the investment terms.
The interest per month on an FD of ₹75 Lakhs depends on the interest rate offered by the issuer. Browse and compare the interest rates offered by different issuers and use an FD calculator to estimate the returns.
The FD rates, tenor, compounding frequency, and taxation can affect your monthly interest earnings. To optimise your returns, compare rates and other terms before investing.