Monthly Interest Payout for a Fixed Deposit of ₹20 Lakhs

Investing in an FD could be a wise choice for investors looking to earn stable and assured returns at regular intervals. With a 9% interest rate on an FD of ₹20 Lakhs for 5 years, you can get monthly earnings of up to ₹15,000. Likewise, booking an FD at a rate of 8% can fetch you a payout of ₹13,333 every month. 

Your interest payouts depend on the FD rate, tenor and invested amount. By choosing the right terms, you can maximise profits. Compare issuers and rates and forecast your earnings to go about this smartly.

Your monthly payouts will differ when you book an FD of ₹20 Lakhs for 1 year compared to a tenor of 5 years. Here is an estimate of the potential monthly earnings on a deposit of ₹20 Lakhs for 5 years across various interest rates.

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

While the aforementioned values refer to the monthly payout, you could easily calculate the yearly interest on an FD of ₹20 Lakhs, too. Use the FD interest calculator to determine the potential returns you could earn on your fixed deposit.

FD interest rates for senior citizens and regular investors usually differ across issuers. Consider the table below to compare the monthly interest payout on an FD of ₹20 Lakhs invested for 5 years.

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

With insight into the interest per month on a fixed deposit of ₹20 Lakhs, you can choose the best FD plan. To get closer to your goals, compare multiple options on Bajaj Markets and book an FD online.

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.