Monthly Interest Payout for a Fixed Deposit of ₹70 Lakhs

If you are looking for a regular income stream, opting for the monthly interest payout mode on a fixed deposit could help. For instance, the monthly interest on an FD of ₹70 Lakhs at an interest rate of 9% p.a. for a tenor of 5 years will be approximately ₹52,500. 

 

Browse options from different issuers and book a fixed deposit of ₹70 Lakhs at attractive interest rates. Choose a flexible FD tenor and earn secured returns by opting for the monthly payout option.

Here is a tabulated overview of the interest per month on an FD of ₹70 Lakhs across different interest rates:

Note: The aforementioned values have been calculated using a tenor of 60 months or 5 years.

 

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

• Rate of interest

 

The tool will calculate the expected returns based on your inputs. For instance, you can also calculate the yearly interest on an FD of ₹70 Lakhs using this tool without much hassle. Say you book an FD for a tenor of 3 years (36 months) at an interest rate of 8% p.a. See the calculations below:

• Maturity Amount: ₹88,17,984

• Total interest earned: ₹18,77,694 

Learn the different monthly interest payout you could receive across issuers for a tenor of 60 months:  

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

 

With an idea of the monthly interest payout you could receive on a fixed deposit of ₹70 Lakhs, plan your investment appropriately. Secure your investments and maximise your earnings by booking a fixed deposit on Bajaj Markets.

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.