An FD is a secure approach to capitalising on a large sum of ₹75 Lakhs and earning assured returns every month. The payout you receive could supplement your income and help you fulfil planned expenses. 

 

Considering an 8% p.a. interest and a tenor of 5 years, you could get around ₹50,000 as interest per month on an FD of ₹75 Lakhs. The higher the rate of interest, the better earnings you may receive.  

Deposit Amount

Interest Rate

Tenure

Months

Interest Payout

At Maturity
At Maturity
Monthly
Quaterly
Half Yearly
Yearly

Invest Amount

Interest Rate

Total Interest Amount

Total Payout Principal + Interest

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Monthly Interest Income for an FD of ₹75 Lakhs

Your interest earnings depend on the rates offered by the issuer. Here is a breakdown of the monthly payouts with different interest rates for an FD of ₹75 Lakhs booked for 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 monthly payouts mentioned above are indicative, and your actual returns depend on the issuer’s policies.

Monthly Interest Payout for a Fixed Deposit of ₹75 Lakhs From Banks/NBFCs

Comparing your options is crucial as the rates vary across issuers. Here is the monthly interest payout from different issuers for a 5-year FD of ₹75 Lakhs: 

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.

7.65%

₹47,813

7.85%

₹49,063

Mahindra Finance Ltd.

8.10%

₹50,625

8.35%

₹52,188

LIC Housing Finance Ltd

7.75%

₹48,438

8.00%

₹48,438

Shriram Finance

8.47%

₹52,938

8.97%

₹56,063

ICICI Bank 

7.00%

₹43,750

7.50%

₹46,875

HDFC Bank 

7.00%

₹43,750

7.50%

₹46,875

IDFC First Bank 

7.00%

₹43,750

7.50%

₹46,875

Axis Bank 

7.10%

₹44,375

7.60%

₹47,500

IndusInd Bank 

7.25%

₹45,313

7.75%

₹48,438

YES Bank 

7.25%

₹45,313

8.00%

₹50,000

Jana Small Finance Bank 

7.25%

₹45,313

7.75%

₹48,438

Ujjivan Small Finance Bank

7.20%

₹45,000

7.70%

₹48,125

Kotak Mahindra Bank

6.20%

₹38,750

6.70%

₹41,875

SBI

6.50%

₹40,625

7.50%

₹46,875

AU Small Finance Bank

7.25%

₹45,313

7.75%

₹48,438

Note: The above-mentioned rates are subject to change at the discretion of the issuer.

 

On Bajaj Markets, you can use the FD interest rate calculator to determine your potential returns with ease. Comparing your options will help you book an FD that aligns with your financial objectives.

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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Frequently Asked Questions

What documents do I need to open a fixed deposit of ₹75 Lakhs?

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. 

Are FDs of ₹75 Lakhs subject to taxation?

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.

Who is eligible to book a fixed deposit of ₹75 Lakhs?

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). 

Is there a minimum and maximum interest rate cap for a fixed deposit of ₹75 Lakhs?

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. 

How can I calculate interest on an FD of ₹75 Lakhs?

You can use online FD calculators. These are user-friendly tools that provide quick estimates of your maturity amount based on the investment terms.

What is the monthly interest on a fixed deposit of ₹75 lakhs?

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.  

What factors influence the monthly interest earned on a ₹75 Lakh FD?

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.

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