Investing ₹80 Lakhs in a fixed deposit can embark on a path of robust financial growth. One of the major elements that pivot and shape your investments is the current interest rates.
Hence, opt for an FD that offers competitive interest rates can amplify profitability, safeguard your investment against inflation, and secure a consistent income flow.
To learn more about the monthly interest payout you could earn an FD of ₹80 Lakhs over a tenor of 5 years, 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. |
8.05% |
₹53,667 |
8.30% |
₹55,333 |
PNB Housing Finance Ltd. |
7.65% |
₹51,000 |
7.95% |
₹53,000 |
Mahindra Finance Ltd. |
8.05% |
₹53,667 |
8.30% |
₹55,333 |
LIC Housing Finance Ltd |
7.50% |
₹50,000 |
7.75% |
₹51,667 |
Shriram Finance |
8.60% |
₹57,333 |
9.14% |
₹60,933 |
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 |
7.00% |
₹46,667 |
7.75% |
₹51,667 |
IndusInd Bank |
7.25% |
₹48,333 |
8.00% |
₹53,333 |
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 |
Disclaimer: The above-mentioned rates are effective as of 16th November 2023 and are subject to change as per the issuer’s discretion.
Here's the monthly interest income you could earn on a fixed deposit of ₹80 Lakhs across different interest rates:
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 |
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 returns you could earn on an ₹80 Lakhs FD, secure your fixed deposit on Bajaj Markets today.
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To invest ₹80 Lakhs in an FD, you must submit your KYC documents, ID proof, PAN card, and photographs. Some issuers may require additional documents, depending on your terms and profile.
The interest income from an FD is liable for a tax deduction if the annual amount exceeds ₹40,000, extended to ₹50,000 for senior citizen investors. Given that the ₹80 Lakh FD’s interest per month is likely to exceed ₹40,000 even with minimum interest, the returns are taxable.
FD issuers have basic eligibility criteria, wherein they require you to be above 18 years and an Indian citizen, resident or non-resident. Additionally, HUFs, sole proprietors, partnership firms, trusts, limited companies, and other entities can invest in FD.
No. There is no maximum and minimum cap of interest rate per month for ₹80 Lakhs or any other fixed deposit amount. However, the interest rates vary depending on the issuer and their policy.
You can use an FD interest rate calculator to calculate your interest rate. On the calculator, enter your investment terms. Based on the information, the calculator will automatically generate the ₹80 Lakh FD interest per month or the interest amount of your preferred payout option.