Investment Amount
Interest Rate
Total Interest Amount
Total Payout (Principal + Interest)
Opting for competitive interest rates could amplify what you earn as the interest per month on a fixed deposit of ₹80 Lakhs. Comparing issuers can help you find the best FD rates and generate a stable income stream.
With a rate of 9% p.a., you could earn up to ₹60,000 on a fixed deposit of ₹80 Lakhs. However, your earnings depend on the term selected. Forecast your returns with the help of an FD calculator to plan your investment better.
Interest rates are the primary factor determining the monthly interest you earn on an FD of ₹80 Lakhs. Check the table to understand the impact of increasing rates of interest on your investment. Note that the tenor used for calculations is 5 years or 60 months.
Deposit Amount |
Interest Rate (p.a.) |
Monthly Interest Payout |
₹80 Lakhs |
6.00% |
₹40,000 |
₹80 Lakhs |
6.50% |
₹43,333 |
₹80 Lakhs |
7.00% |
₹46,667 |
₹80 Lakhs |
7.50% |
₹50,000 |
₹80 Lakhs |
8.00% |
₹53,333 |
₹80 Lakhs |
8.50% |
₹56,667 |
₹80 Lakhs |
9.00% |
₹60,000 |
₹80 Lakhs |
9.50% |
₹63,333 |
₹80 Lakhs |
10.00% |
₹66,667 |
Note: These values are indicative and can vary based on the invested amount and chosen tenor.
To know the monthly interest on an FD of ₹80 Lakhs for a tenor of 5 years that you can earn from various financial institutions, refer to the table below:
Bank/NBFC/HFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
8.10% |
₹54,000 |
8.35% |
₹53,667 |
|
7.65% |
₹51,000 |
7.85% |
₹52,333 |
|
8.10% |
₹54,000 |
8.35% |
₹53,667 |
|
LIC Housing Finance Ltd |
7.75% |
₹51,667 |
8.00% |
₹53,333 |
8.47% |
₹56,467 |
8.97% |
₹59,800 |
|
ICICI Bank |
7.00% |
₹46,667 |
7.50% |
₹50,000 |
HDFC Bank |
7.00% |
₹46,667 |
7.50% |
₹50,000 |
IDFC First Bank |
7.00% |
₹46,667 |
7.50% |
₹50,000 |
Axis Bank |
7.10% |
₹47,333 |
7.60% |
₹51,667 |
IndusInd Bank |
7.25% |
₹48,333 |
7.75% |
₹51,667 |
7.25% |
₹48,333 |
8.00% |
₹53,333 |
|
Jana Small Finance Bank |
7.25% |
₹48,333 |
7.75% |
₹51,667 |
7.20% |
₹48,000 |
7.70% |
₹51,333 |
|
Kotak Mahindra Bank |
6.20% |
₹41,333 |
6.70% |
₹44,667 |
SBI |
6.50% |
₹43,333 |
7.50% |
₹50,000 |
7.25% |
₹48,333 |
7.75% |
₹51,667 |
Note: The rates are effective as of April 2024 and are subject to change at the issuer’s discretion.
Use the FD calculator to determine the returns you could earn on your investment. The tool will instantly calculate the expected returns based on your inputs.
Now that you have an understanding of the interest per month on a fixed deposit of ₹80 Lakhs that you could earn, book an FD on Bajaj Markets. Compare various issuers and choose an FD at attractive interest rates with a simple application process.
Check the Monthly Interest Rate for Your Fixed Deposits |
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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.
To open an FD of ₹80 Lakhs, submit your KYC documents, ID proof, PAN card, and photographs. Some issuers may require additional documents, depending on your FD terms and profile.
Yes, the interest that you earn from an FD is fully taxable. However, this earning is liable for a tax deduction if the annual amount exceeds ₹40,000. This limit is extended to ₹50,000 for senior citizen investors.
FD issuers require you to meet the basic eligibility criteria, wherein they require you to be above 18 years old and an Indian citizen or a non-resident Indian. Some issuers also allow minors to open an FD under the custody of a guardian. However, these parameters differ among issuers.
No, there is no maximum and minimum cap of interest rate on a fixed deposit. However, the interest rates vary depending on the issuer and their policy.
You can use an FD interest rate calculator to estimate potential returns. When using the tool, enter your investment terms. The calculator will automatically estimate the monthly interest payout for an FD of ₹80 Lakhs.
Yes, FD issuers levy penalties in case of premature withdrawals. It varies across banks and NBFCs and can be either a portion of the interest earned or a fixed fee.
Several factors affect the monthly interest on an FD of ₹80 Lakhs. These include the prevailing interest rate, the chosen tenor of the FD, the frequency of interest payouts, and any additional bonuses or incentives offered by the issuer.
Opting for monthly interest payouts on an FD of ₹80 Lakhs offers regular liquidity, providing ready access to funds. These funds help you manage your immediate financial needs or offer potential investment opportunities.
Additionally, it fosters effective financial planning by ensuring a predictable cash flow without the requirement of prematurely withdrawing the FD.