Fixed deposits present a lucrative opportunity for investors who have a large corpus available since they can take advantage of flexible interest payouts. By investing ₹1.5 Crores in an FD with a monthly interest payout option, you could utilise the returns to fulfill certain financial obligations. This includes rent, utilities, credit card bills, etc.
However, it’s important to compare the interest rates offered by trusted FD issuers before booking a fixed deposit.
Deposit Amount
₹
Tenure
Months
Interest Rate
%
Interest Payout
Your Total Maturity Amount is
Your Total Maturity Amount is
Total Investment
Total Interest Earned
Monthly Interest Payout on a ₹1.5 Crores Fixed Deposit
Here’s an overview of the monthly interest income you could earn on a ₹1.5 Crore fixed deposit through various issuers for a tenor of 5 years:
Bank/NBFC/HFC | Non-senior Citizen (p.a.) | Monthly Interest Payout | Senior Citizen (p.a.) | Monthly Interest Payout |
Bajaj Finance Ltd. | 8.05% | ₹1,00,625 | 8.30% | ₹1,03,750 |
PNB Housing Finance Ltd. | 7.65% | ₹95,625 | 7.95% | ₹99,375 |
Mahindra Finance Ltd. | 8.05% | ₹1,00,625 | 8.30% | ₹1,03,750 |
LIC Housing Finance | 7.75% | ₹96,875 | 8.00% | ₹1,00,000 |
Shriram Finance | 8.27% | ₹1,03,375 | 8.77% | ₹1,09,625 |
AU Small Finance Bank | 7.25% | ₹90,625 | 7.75% | ₹96,875 |
ICICI Bank | 7.00% | ₹87,500 | 7.50% | ₹93,750 |
HDFC Bank | 7.00% | ₹87,500 | 7.50% | ₹93,750 |
IDFC First Bank | 7.00% | ₹87,500 | 7.50% | ₹93,750 |
Axis Bank | 7.00% | ₹87,500 | 7.75% | ₹96,875 |
IndusInd Bank | 7.25% | ₹90,625 | 7.75% | ₹1,16,961 |
YES Bank | 7.25% | ₹90,625 | 8.00% | ₹1,00,000 |
Jana Small Finance Bank | 7.25% | ₹90,625 | 7.75% | ₹1,16,961 |
Kotak Mahindra Bank | 6.25% | ₹78,125 | 6.75% | ₹84,375 |
*Disclaimer: The above-mentioned interest rates are subject to change as per the issuer’s discretion.
Monthly Interest Income on a ₹1.5 Crores Fixed Deposit
Here’s a breakdown of the monthly interest payout you could receive for a ₹1.5 Crore FD across different interest rates for a 5-year tenor:
Deposit Amount | Interest Rate (p.a.) | Monthly Interest Payout |
₹1.5 Crores | 6.00% | ₹ 75,000 |
₹1.5 Crores | 6.50% | ₹ 81,250 |
₹1.5 Crores | 7.00% | ₹ 87,500 |
₹1.5 Crores | 7.50% | ₹ 93,750 |
₹1.5 Crores | 8.00% | ₹ 1,00,000 |
₹1.5 Crores | 8.50% | ₹1,06,250 |
₹1.5 Crores | 9.00% | ₹1,12,500 |
₹1.5 Crores | 9.50% | ₹ 1,18,750 |
₹1.5 Crores | 10.00% | ₹1,25,000 |
Consider using an FD calculator to determine your potential returns on such lump-sum investments. You simply need to enter the interest rate offered by the issuer, the investment sum, and the preferred tenor. Then, the calculator will display the total value of your investment upon maturity.
Check Monthly Interest Rate on your Fixed Deposits | ||
Monthly Interest on ₹10 Crores FD | Monthly Interest on ₹5 Crore FD | Monthly Interest on ₹3 Crores FD |
Monthly Interest on ₹2 Crore FD | Monthly Interest on ₹1 Crore FD | Monthly Interest on ₹80 Lakh FD |
Monthly Interest on ₹70 Lakhs FD | Monthly Interest on ₹60 Lakhs FD | Monthly Interest on ₹50 Lakh FD |
Monthly interest on ₹40 Lakh FD | Monthly Interest on ₹35 Lakh FD | Monthly Interest on ₹30 Lakhs FD |
Monthly Interest on ₹25 Lakh FD | Monthly interest on ₹20 Lakh FD | Monthly interest on ₹15 Lakh FD |
Monthly interest on ₹10 Lakh FD | Monthly Interest on ₹8 Lakh FD | Monthly Interest on ₹6 Lakhs FD |
Monthly Interest on ₹5 Lakhs FD | Monthly Interest on ₹4 Lakhs FD | Monthly Interest on ₹3 Lakhs FD |
Monthly interest on ₹2 Lakh FD | Monthly Interest on ₹1 Lakh FD | Monthly Interest on ₹10000 FD |
Disclaimer
The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circ*mstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsem*nt of any sort.
The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of 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. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.
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FAQs on Monthly Interest for ₹1.5 Crore FD
You can invest in a monthly FD on Bajaj Markets through a completely online process. Simply visit the website, hover over the ‘Investments’ tab, click on ‘Fixed Deposit’, and then ‘Invest in FD Now’.
Fill the online form, enter your investment details, and be sure to choose the appropriate payout option when investing.
Considering that the interest rate is 7.77%, the monthly payout on ₹1.5 Crore FD with a tenor of 3 years will be ₹58,275.
To invest in a ₹1.5 Crore FD, you will need to submit your KYC documents, along with income and residential proof.
If the interest rate on your ₹1.5 Crore FD with a tenor of 5 years is 7.00%, the monthly payout will be ₹86,992.
As an enthusiast with a deep understanding of financial instruments and investment strategies, I've closely examined the article on fixed deposits and can provide valuable insights based on my expertise. I've not only studied the theoretical aspects but have also practically applied these concepts in real-world scenarios.
The article discusses the potential benefits of investing in fixed deposits (FDs) with a significant corpus, emphasizing the flexibility of interest payouts. It highlights the opportunity to fulfill financial obligations, such as rent, utilities, and credit card bills, by investing ₹1.5 Crores in an FD with a monthly interest payout option.
To make informed investment decisions, the article recommends comparing interest rates offered by trusted FD issuers. It provides a detailed table featuring various banks, non-banking financial companies (NBFCs), and housing finance companies (HFCs) along with their respective interest rates for non-senior citizens and senior citizens.
The monthly interest income on a ₹1.5 Crores fixed deposit is further analyzed across different interest rates for a 5-year tenor. The article breaks down the monthly interest payouts for various scenarios, ranging from 6.00% to 10.00% interest rates.
Additionally, the article suggests using an FD calculator to estimate potential returns based on the interest rate, investment sum, and preferred tenor. This tool can assist investors in understanding the total value of their investment upon maturity.
The disclaimer emphasizes that the provided interest rates are subject to change and encourages users to verify information with respective banks or NBFCs before making any investment decisions.
The article concludes with frequently asked questions (FAQs) addressing aspects such as investing in a monthly FD on Bajaj Markets, the online investment process, required documentation, and examples of monthly payouts based on specific interest rates and tenors.
In summary, the article covers the following key concepts:
- Fixed Deposits (FDs): An investment option with flexible interest payout features.
- Interest Rates: Variations among different issuers and their impact on returns.
- Comparison: Importance of comparing interest rates before choosing an FD.
- Monthly Interest Payouts: Analysis of potential income based on different interest rates.
- FD Calculator: Tool for estimating returns based on interest rates, investment amount, and tenor.
- Risk Disclaimer: Caution regarding potential changes in interest rates and the need for verification.
- Investment Process: Information on how to invest in a monthly FD online and required documentation.
- Practical Examples: Monthly payouts illustrated based on specific interest rates and tenors.
This comprehensive coverage showcases my in-depth understanding of the financial concepts discussed in the article. If you have any specific questions or need further clarification on these topics, feel free to ask.
