Monthly Interest on an FD of ₹15 Lakhs

Investing ₹15 Lakhs in a fixed deposit (FD) with monthly payouts can help you generate a steady source of income. These interest payments can be a dependable boost that takes the pressure off your everyday expenses.

The monthly interest on a fixed deposit of ₹15 Lakhs for 2 years would be ₹4,000, considering the interest rate is 8% p.a. Your potential monthly earnings will increase if you opt for an FD offering higher rates.

As mentioned earlier, you can earn more as monthly interest payments on FDs with higher interest rates. Here is an estimate of the monthly interest payout you would receive on a fixed deposit of ₹15 Lakhs for 5 years:

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

Here is a breakdown of the monthly payouts you can earn when you invest in a fixed deposit of ₹15 Lakhs for 5 years:

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

On Bajaj Markets, you can compare multiple FD issuers who offer competitive interest rates and select the best offer. You can also use the FD interest calculator to determine the potential returns you could earn on your FD.

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.