Monthly Interest Payout for an FD of ₹8 Lakhs

Choosing the monthly interest payout option from an FD can generate regular income. Saving this amount over a period could help you manage unexpected expenses. Say you invest ₹8 Lakhs for 5 years at 8% p.a., the interest you could receive every month can be up to ₹5,333. 

This will depend on the issuer and tenor, among other factors. All you need to do is choose an issuer and plan your investment to earn assured monthly income. 

Given below is an overview of the monthly interest on an FD of ₹8 Lakhs across different interest rates for a tenor of 5 years:

Note: The monthly interest payouts mentioned above are indicative and actual returns may vary. 

The amount you can earn as interest per month on a fixed deposit of ₹8 Lakhs differs depending on the issuer and the interest rate they offer. Check the monthly payouts for an FD of ₹8 Lakhs booked for 5 years with certain banks and NBFCs:

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

Considering these prospective earnings, you could invest ₹8 Lakhs or more in a fixed deposit of your choice. If you have a monthly goal in mind, use an FD calculator to estimate your returns. On Bajaj Markets, you can book an FD online from different issuers in a hassle-free manner. 

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.