Monthly Interest for a Fixed Deposit of ₹5 Lakhs

Investing ₹5 Lakhs in a fixed deposit (FD) requires proper planning, as your earnings depend on the tenor, interest rate, and payout frequency mode. With a 7% p.a. interest rate on an FD of ₹5 Lakhs for 2 years, you could earn as much as ₹2,917 each month.

Likewise, if you book an FD for the same amount and same tenor at a rate of 9.50%, your monthly earnings will be ₹3,958. This is precisely why you need to compare different rates before finalising an FD scheme.

Here is a breakdown of the amount you could earn as the monthly interest on an FD of ₹5 Lakhs for 5 years:

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

The following table provides the amount you can earn as interest on a fixed deposit of ₹5 Lakhs for 5 years with different issuers:

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

Now that you understand the monthly returns you could get on an FD of ₹5 Lakhs for a tenor of 5 years, choose an offer that provides higher interest rates. On Bajaj Markets, you can select from multiple FD issuers who provide competitive interest rates. 

You can also calculate FD interest earnings using the FD interest calculator to determine the potential returns you could earn.

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.