Monthly Interest for an FD of ₹10 Lakhs

If you plan to invest a substantial amount, like ₹10 Lakhs, in a fixed deposit (FD), you need to compare the interest rates across issuers and choose a suitable tenor. After all, your interest earnings depend on the tenor you choose and the FD rate. For instance, the interest per month on a fixed deposit of ₹10 Lakhs at 8% for a tenor of 5 years will be ₹6,666.

Likewise, choosing a tenor of 3 years for the same FD amount at 8% will generate a monthly interest payout of ₹4,000. As you can see, the interest income reduces when you choose a shorter timeline.

The following is an estimate of the monthly interest on an FD of ₹10 Lakhs for a tenor of 5 years that you can earn across different interest rates:

Note: The monthly interest payouts mentioned above are indicative, and your actual returns will vary depending on the issuer’s policies.

The table below indicates the monthly interest payout that you can earn on a fixed deposit of ₹10 Lakhs for 5 years across different banks and NBFCs:

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

Now that you have a better understanding of the potential returns you could earn on an FD of ₹10 Lakhs, pick a financial institution of your choice. On Bajaj Markets, you can compare multiple issuers and choose one offering the highest FD interest rates in India.

You can also use the FD interest calculator to determine the potential returns you could earn on your fixed deposit investment.

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.