Monthly Interest Payout for a Fixed Deposit of ₹60 Lakhs

Investing in fixed deposits is a good move for those looking for a regular stream of income. While FDs offer stable and assured returns, the opting for monthly interest payout could help supplement your income. 

The monthly interest on an FD of ₹60 Lakhs when booked at an interest rate of 7% is approximately ₹35,000. This value has been calculated by considering a tenor of 5 years.  However, compare the FD rates of various issuers before booking a deposit.

Here is a breakdown of the amount receivable as interest per month on an FD of ₹60 Lakhs if you invest for 5 years:

Note: The interest payouts mentioned above are indicative in nature and will depend on the issuer’s policies.

The monthly interest on an FD of ₹60 Lakhs is higher if the issuer offers a competitive interest rate. The following table provides the details of the monthly payouts you could receive when you book a fixed deposit for a tenor of 5 years:

Note: The above-mentioned rates are effective as of April 2024 and are subject to change at the issuer’s discretion.

Secure your investments by comparing different offers and booking your fixed deposit on Bajaj Markets. You can also use the FD calculator to determine the returns you could earn on your investment. 

All you need to do is enter values such as the deposit amount, investment tenor, and expected rate of interest. The tool will calculate the expected returns based on your inputs.

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.