Investing ₹8 Crores in a fixed deposit (FD) is a prudent money move since it could give you a steady income upon choosing the monthly interest payout option. This could help you manage your finances better with effective budgeting while shielding you against the impact of inflation.
The significance of this strategy lies in its potential to provide liquidity and financial security, making it an ideal avenue for substantial investments. To get the most out of such an investment, check the interest rates offered by different FD issuers before you make a decision.
Here are the different monthly interest payouts you could receive upon investing ₹8 Crores in a fixed deposit for a 5-year period:
Bank/NBFC/HFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
Bajaj Finance Ltd. |
8.05% |
₹5,36,667 |
8.30% |
₹5,53,333 |
PNB Housing Finance Ltd. |
7.65% |
₹5,10,000 |
7.95% |
₹5,30,000 |
Mahindra Finance Ltd. |
8.05% |
₹5,36,667 |
8.30% |
₹5,53,333 |
LIC Housing Finance |
7.75% |
₹5,16,667 |
8.00% |
₹5,33,333 |
Shriram Finance |
8.27% |
₹5,51,333 |
8.77% |
₹5,84,667 |
AU Small Finance Bank |
7.25% |
₹4,83,333 |
7.75% |
₹5,16,667 |
ICICI Bank |
7.00% |
₹4,66,667 |
7.50% |
₹5,00,000 |
HDFC Bank |
7.00% |
₹4,66,667 |
7.50% |
₹5,00,000 |
IDFC First Bank |
7.00% |
₹4,66,667 |
7.50% |
₹5,00,000 |
Axis Bank |
7.00% |
₹4,66,667 |
7.75% |
₹5,16,667 |
IndusInd Bank |
7.25% |
₹4,83,333 |
7.75% |
₹5,16,667 |
YES Bank |
7.25% |
₹4,83,333 |
8.00% |
₹5,33,333 |
Jana Small Finance Bank |
7.25% |
₹4,83,333 |
7.75% |
₹5,16,667 |
Kotak Mahindra Bank |
6.25% |
₹4,16,667 |
6.75% |
₹4,50,000 |
*Disclaimer: These interest rates are subject to revisions at the sole discretion of the issuer.
Based on the below interest rates, here are the different monthly interest payouts you could receive by investing ₹8 Crores for a 5-year tenor in an FD.
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 |
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, it's clear that this choice could significantly impact your monthly earnings, offering financial stability. With inflation in mind, the monthly payout ensures you can navigate changing economic landscapes.
Check the Monthly Interest Rate on Your Fixed Deposits |
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