Investment Amount
Interest Rate
Total Interest Amount
Total Payout (Principal + Interest)
Investing a substantial sum like ₹2 Crores in an FD with regular payouts could help you generate consistent income. Use the funds to meet recurring obligations, be it EMIs or daily living expenses. Those seeking an additional source of income could benefit from the monthly interest returns on an amount like ₹2 Crores.
For example, with an 8% rate of interest over a tenor of 5 years, you can get up to ₹1.33 Lakhs every month.
Your monthly interest earnings depend on the FD interest rates at the time of booking your investment. By choosing an issuer offering the highest rates, you can maximise your returns.
Here is an estimate of the monthly interest on an FD of ₹2 Crores with a tenor of 5 years across different interest rates:
Deposit Amount |
Interest Rate (p.a.) |
Monthly Interest Payout |
₹2 Crores |
6.00% |
₹1,00,000 |
₹2 Crores |
6.50% |
₹1,08,333 |
₹2 Crores |
7.00% |
₹1,16,667 |
₹2 Crores |
7.50% |
₹1,25,000 |
₹2 Crores |
8.00% |
₹1,33,333 |
₹2 Crores |
8.50% |
₹1,41,667 |
₹2 Crores |
9.00% |
₹1,50,000 |
₹2 Crores |
9.50% |
₹1,58,333 |
₹2 Crores |
10.00% |
₹1,66,667 |
Note: The monthly interest payouts mentioned above are indicative, and your actual returns will vary depending on the issuer’s policies.
The interest rate on an FD of ₹2 Crores differs based on your chosen issuer’s policies and the tenor. The table below indicates the monthly payout across different issuers for an investment of ₹2 Crores for a tenor of 5 years:
Bank/NBFC/HFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
8.10% |
₹1,35,00 |
8.35% |
₹1,39,167 |
|
7.65% |
₹1,27,000 |
7.85% |
₹1,30,833 |
|
8.10% |
₹1,35,00 |
8.35% |
₹1,39,167 |
|
LIC Housing Finance Ltd |
7.50% |
₹1,25,000 |
7.75% |
₹1,29,167 |
8.47% |
₹1,41,167 |
8.97% |
₹1,49,500 |
|
ICICI Bank |
7.00% |
₹1,16,667 |
7.00% |
₹1,16,667 |
HDFC Bank |
7.00% |
₹1,16,667 |
7.50% |
₹1,25,000 |
IDFC First Bank |
7.00% |
₹1,16,667 |
7.50% |
₹1,25,000 |
Axis Bank |
7.00% |
₹1,16,667 |
7.75% |
₹1,29,167 |
IndusInd Bank |
7.10% |
₹1,18,333 |
7.70% |
₹1,28,333 |
7.25% |
₹1,20,833 |
8.00% |
₹1,33,333 |
|
Jana Small Finance Bank |
6.25% |
₹1,04,167 |
6.25% |
₹1,04,167 |
Kotak Mahindra Bank |
6.25% |
₹1,04,167 |
6.25% |
₹1,04,167 |
SBI |
6.00% |
₹1,00,000 |
6.50% |
₹1,08,333 |
7.20% |
₹1,20,000 |
7.70% |
₹1,28,333 |
*Note: The above-mentioned rates are subject to change at the issuer’s discretion.
This information should help you get a much clearer idea about your potential returns on an FD of ₹2 Crores. Choose an FD issuer offering competitive rates on Bajaj Markets and invest conveniently online.
To change your investment amount or tenor, use the FD interest calculator and easily forecast the returns from your fixed deposit investment.
Check the Monthly Interest Rate for Your Fixed Deposits |
||
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.
If the yearly interest on an FD of ₹2 Crores surpasses ₹40,000, TDS will be deducted by the issuer. The limit is extended to ₹50,000 for senior citizen investors.
You must be an Indian resident above 18 years of age to book a fixed deposit. However, specific requirements may vary depending on the issuer.
To open an FD account, you need to submit your PAN card, proof of identity, and other KYC documents, as specified by the issuer.
The monthly interest earned on an FD depends on the interest rates and total tenor. For instance, if the interest rate on an FD of ₹2 Cr for 2 years is 7%, the monthly payouts would be around ₹1.16 Lakhs.
Yes, most issuers offer flexibility in choosing the interest payout frequency for receiving interest on an FD of ₹2 Cr. It can be monthly, quarterly, half-yearly, or annually, allowing you to align the returns with your financial goals. Alternatively, you could opt for a cumulative FD and receive the interest earnings at maturity with the principal investment.
Premature withdrawal penalties on the amount of interest on fixed deposits in India vary among banks and NBFCs. Typically, issuers levy a penalty fee on the withdrawn amount and revise the interest rate as per the new tenor.
Several factors affect monthly interest earnings on a fixed deposit. These include the interest rate, investment tenor, compounding frequency, and payout frequency. Higher interest rates and longer tenors generally result in increased monthly interest.
Choosing monthly interest payouts on an FD of ₹2 Crores offers a steady income stream, improving liquidity and allowing you to easily meet recurring expenses.