Choosing the monthly payout option on a fixed deposit (FD) of ₹8 Crores is a strategic financial decision. It could give you a steady income and help you better manage your finances with effective budgeting.


When you invest for a tenor of 5 years at an interest rate of 9% p.a., you could get approximately ₹6 Lakhs. To maximise your returns, check the interest rates different issuers offer before investing in an FD.

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 a Fixed Deposit of ₹8 Crores

Here are the monthly interest payouts for an FD of ₹8 Crores at different rates with a tenor of 5 years.

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹8 Crores

6.00%

₹4,00,000

₹8 Crores

6.50%

₹4,33,333

₹8 Crores

7.00%

₹4,66,667

₹8 Crores

7.50%

₹5,00,000

₹8 Crores

8.00%

₹5,33,333

₹8 Crores

8.50%

₹5,66,667

₹8 Crores

9.00%

₹6,00,000

₹8 Crores

9.50%

₹6,33,333

₹8 Crores

10.00%

₹6,66,667 

Note: The above returns and rates are for illustrative purposes only. Actual returns may vary depending on the issuer’s policies.

Monthly Interest Payout for an FD of ₹8 Crores Offered by Banks and NBFCs

Here is the monthly interest you could receive upon investing ₹8 Crores in a fixed deposit for a 5-year period with different issuers: 

Bank/NBFC/HFC

Non-senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

LIC Housing Finance

7.50%

₹5,00,000

7.50%

₹5,00,000

Shriram Finance

8.47%

₹5,64,667

8.97% 

₹5,98,000

ICICI Bank

7.00%

₹4,66,667

7.00%

₹4,66,667

HDFC Bank

7.00%

₹4,66,667

7.00%

₹4,66,667

IDFC First Bank

7.25%

₹4,83,333

7.75%

₹5,16,667

Axis Bank

7.00%

₹4,66,667

7.50%

₹5,00,000

IndusInd Bank

7.35%

₹4,90,000

7.35%

₹4,90,000

Jana Small Finance Bank

6.25%

₹4,16,667

6.25%

₹4,16,667

Kotak Mahindra Bank

6.25%

₹4,16,667

6.25%

₹4,16,667

*Note: These interest rates are subject to revisions at the sole discretion of the issuer.

 

Opting for a monthly interest payout in an FD is a straightforward and effective way to secure a stable income. Now that you have explored various interest rate scenarios, you can invest smartly. 


On Bajaj Markets, you can use an FD calculator to ensure your investment aligns with your goals. You can choose from different issuers offering lucrative returns and invest in just a few clicks.

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 are the tax implications on the interest earned from an FD of ₹8 Crore?

The interest earned on FDs is considered income and is taxable as per the Income Tax Act of 1961. So, TDS will apply if the interest earned during the financial year is more than ₹40,000. The limit is increased to ₹50,000 in the case of senior citizen investors.

How can I calculate the monthly interest on an FD of ₹8 Crores?

To calculate the monthly interest on an ₹8 Crores FD, you can use the formula:

Monthly Interest = (Principal Amount * Interest Rate * Tenor) / (12 * 100)

What documents are required to open an FD of ₹8 Crores?

The specific documents required may vary depending on the bank or NBFC where you intend to open the FD. However, the common ones typically include identity proof, address proof, PAN card, and photographs.

What is the potential monthly interest on an FD of ₹8 Crores?

The monthly interest depends on the prevailing rate offered by the bank or NBFC. You can use an FD calculator and get an estimate of the interest you can earn.

Is there any penalty for premature withdrawal of an FD of ₹8 Crores with monthly interest payouts?

Yes. However, it will vary depending on the terms and conditions set by the bank or NBFC. These can be a reduction in the interest rate or forfeiture of a portion of the interest earned. It is crucial to carefully review the terms and conditions before liquidating your FD.

Can I reinvest the monthly interest earned from my fixed deposit of ₹8 Crores?

Yes, you can reinvest the monthly interest earned from your FD of ₹8 Crores. Many banks/NBFCs offer the option to reinvest the interest automatically into the FD. Alternatively, you can transfer it to another account for further investment.

What are the benefits of opting for monthly interest payouts on an FD of ₹8 Crores?

Opting for monthly interest payouts on an FD of ₹8 Crores offers several benefits. One of them is that it will provide a steady income source. You can use it for managing your living expenses or covering monthly bills.


They also provide liquidity by allowing you to regularly access a portion of your earnings without premature withdrawals. Additionally, since the amount is fixed, it helps you budget and plan your finances effortlessly.

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