Opting for competitive interest rates could amplify what you earn as the interest per month on a fixed deposit of ₹80 Lakhs. Comparing issuers can help you find the best FD rates and generate a stable income stream. 

 

With a rate of 9% p.a., you could earn up to ₹60,000 on a fixed deposit of ₹80 Lakhs. However, your earnings depend on the term selected. Forecast your returns with the help of an FD calculator to plan your investment better.

Deposit Amount

Interest Rate

Tenure

Months

Interest Payout

At Maturity
At Maturity
Monthly
Quaterly
Half Yearly
Yearly

Investment Amount

Interest Rate

Total Interest Amount

Total Payout (Principal + Interest)

Invest Now

Monthly Interest Payout for an FD of ₹80 Lakhs

Interest rates are the primary factor determining the monthly interest you earn on an FD of ₹80 Lakhs. Check the table to understand the impact of increasing rates of interest on your investment. Note that the tenor used for calculations is 5 years or 60 months.

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹80 Lakhs

6.00%

₹40,000

₹80 Lakhs

6.50%

₹43,333

₹80 Lakhs

7.00%

₹46,667

₹80 Lakhs

7.50%

₹50,000

₹80 Lakhs

8.00%

₹53,333

₹80 Lakhs

8.50%

₹56,667

₹80 Lakhs

9.00%

₹60,000

₹80 Lakhs

9.50%

₹63,333

₹80 Lakhs

10.00%

₹66,667

Note: These values are indicative and can vary based on the invested amount and chosen tenor.

Monthly Interest Payout For an FD of ₹80 Lakhs Offered by Banks and NBFCs

To know the monthly interest on an FD of ₹80 Lakhs for a tenor of 5 years that you can earn from various financial institutions, refer to the table below:

Bank/NBFC/HFC

Non-senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

Bajaj Finance Ltd.

8.10%

₹54,000

8.35%

₹53,667

PNB Housing Finance Ltd. 

7.65%

₹51,000

7.85%

₹52,333

Mahindra Finance Ltd. 

8.10%

₹54,000

8.35%

₹53,667

LIC Housing Finance Ltd

7.75%

₹51,667

8.00%

₹53,333

Shriram Finance

8.47%

₹56,467

8.97%

₹59,800

ICICI Bank 

7.00%

₹46,667

7.50%

₹50,000

HDFC Bank 

7.00%

₹46,667

7.50%

₹50,000

IDFC First Bank 

7.00%

₹46,667

7.50%

₹50,000

Axis Bank 

7.10%

₹47,333

7.60%

₹51,667

IndusInd Bank 

7.25%

₹48,333

7.75%

₹51,667

YES Bank 

7.25%

₹48,333

8.00%

₹53,333

Jana Small Finance Bank 

7.25%

₹48,333

7.75%

₹51,667

Ujjivan Small Finance Bank

7.20%

₹48,000

7.70%

₹51,333

Kotak Mahindra Bank

6.20%

₹41,333

6.70%

₹44,667

SBI

6.50%

₹43,333

7.50%

₹50,000

AU Small Finance Bank

7.25%

₹48,333

7.75%

₹51,667

Note: The rates are effective as of April 2024 and are subject to change at the issuer’s discretion.

 

Use the FD calculator to determine the returns you could earn on your investment. The tool will instantly calculate the expected returns based on your inputs. 

 

Now that you have an understanding of the interest per month on a fixed deposit of ₹80 Lakhs that you could earn, book an FD on Bajaj Markets. Compare various issuers and choose an FD at attractive interest rates with a simple application process.

Disclaimer

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.

Frequently Asked Questions

What documents do I need to open a fixed deposit of ₹80 Lakhs in a bank?

To open an FD of ₹80 Lakhs, submit your KYC documents, ID proof, PAN card, and photographs. Some issuers may require additional documents, depending on your FD terms and profile.

Are FDs of ₹80 Lakhs subject to taxation?

Yes, the interest that you earn from an FD is fully taxable. However, this earning is liable for a tax deduction if the annual amount exceeds ₹40,000. This limit is extended to ₹50,000 for senior citizen investors.

Who is eligible to book a fixed deposit of ₹80 Lakhs?

FD issuers require you to meet the basic eligibility criteria, wherein they require you to be above 18 years old and an Indian citizen or a non-resident Indian. Some issuers also allow minors to open an FD under the custody of a guardian. However, these parameters differ among issuers.

Is there a minimum and maximum interest rate cap for a fixed deposit of ₹80 Lakhs?

No, there is no maximum and minimum cap of interest rate on a fixed deposit. However, the interest rates vary depending on the issuer and their policy.

How can I calculate interest on an FD of ₹80 Lakhs?

You can use an FD interest rate calculator to estimate potential returns. When using the tool, enter your investment terms. The calculator will automatically estimate the monthly interest payout for an FD of ₹80 Lakhs.

Are there any penalties for premature withdrawal of an FD of ₹80 Lakhs with monthly interest payouts?

Yes, FD issuers levy penalties in case of premature withdrawals. It varies across banks and NBFCs and can be either a portion of the interest earned or a fixed fee.

What factors influence the monthly interest earned on an FD of ₹80 Lakhs?

Several factors affect the monthly interest on an FD of ₹80 Lakhs. These include the prevailing interest rate, the chosen tenor of the FD, the frequency of interest payouts, and any additional bonuses or incentives offered by the issuer.

What are the benefits of opting for monthly interest payouts on an FD of ₹80 Lakhs?

Opting for monthly interest payouts on an FD of ₹80 Lakhs offers regular liquidity, providing ready access to funds. These funds help you manage your immediate financial needs or offer potential investment opportunities. 

 

Additionally, it fosters effective financial planning by ensuring a predictable cash flow without the requirement of prematurely withdrawing the FD.

Home
active_tab
Loan Offer
active_tab
Download App
active_tab
CIBIL Score
active_tab