For investors who want to earn assured returns, without taking a risk on their investment, Fixed Deposit (FD) is an ideal investment option. Fixed Deposit brings you consistent interest rates, without exposing your investment to market-related risks, also giving you income tax deductions on your earnings.
The returns you can earn on FD are variable, depending on the amount you invest, the tenor of your investment, type of payout (cumulative/ non-cumulative), and your age (non-senior/ senior citizen).
Let’s have a look at how much you can earn if you invest Rs. 1 Cr in an FD with Bajaj Finance.
Monthly income per month on a 1 Cr FD with Bajaj Finance
If you invest 1 crore in fixed deposit, your income per month will depend on the type of FD you choose- cumulative or non-cumulative. Let’s look at the expected monthly earnings from both these types of FDs with Bajaj Finance:
Bajaj Finance Non-Cumulative Fixed Deposits - 1 crore FD interest per month
Considering:
Investment amount as 1 crore
FD tenor as 36 months
Investor Category | Applicable Interest Rate | Total Interest Payout on monthly interest option | |
Scenario 1 | Non-senior citizen investing offline/ online | 7.77% p.a. | Rs. 23,31,000 |
Scenario 2 | Senior citizen investing online/ offline | 8.00% p.a. | Rs. 24,00,000 |
This is the calculation for 1 crore interest per month on Bajaj Finance Non-cumulative FD. Refer to the next table for Cumulative Fixed Deposit interest calculation.
Bajaj Finance Cumulative Fixed Deposit:
Considering:
Investment amount as 1 crore
FD tenor as 36 months
Investor Category | Applicable Interest Rate | Total Interest Payout | |
Scenario 1 | Non-senior citizen investing offline/ online | 8.05%p.a. | Rs. 26,14,624 |
Scenario 2 | Senior citizen investing online/ offline | 8.30%p.a. | Rs. 27,02,388 |
You can earn more from a 1 crore FD interest if you opt for a cumulative FD. This is because cumulative FD offers you the benefit of compounding, giving interest not only on the principal but also on the interest that gets added to the principal amount periodically.
You can use the Bajaj Finance FD calculatorto get insight into the returns on your investment.
Additional Reads: How much monthly interest can a 5 crore FD earn?
Benefits of having a Fixed Deposit with Bajaj Finance
- You can start with investing an amount as small as Rs. 15,000 with Bajaj Finance.
- You can get higher FD rates than bank FDs i.e: up to 8.60% p.a.
- You get the freedom to choose the tenor of your investment as per your financial goals. This tenor can be anywhere between 12 to 60 months.
- 1 cr fixed deposit monthly income will be 0.25% p.a. more than the routine fixed deposit if you are a senior citizen.
How to invest in Bajaj Finance FD?
The FD investment process with Bajaj Finance is simple and quick. To make an FD online with Bajaj Finance, follow the below-given steps:
- 1 Open the account opening form by clicking on the option ‘Invest Online’
- 2 Enter your date of birth, phone number, and OTP
- 3 Enter your basic KYC details if you are a new customer. If you are an existing customer, you simply need to verify your details.
- 4 Enter the amount, tenor for investment, payout type, and bank details
- 5 Pay the deposit amount using UPI or net banking
- 6 Once your payment is successful, within 15 minutes you will be sent an acknowledgement via SMS and email
Invest in Bajaj Finance FDs to get maximum secured and safe returns on your precious savings.
- 01:28 Credit Rating on Fixed Deposit
- 01:31 Investing Money? Top factors to consider before you invest
- 00:59 Reasons to invest in Fixed Deposit
- 01:15 NRI Fixed Deposit- Features & Benefits
