Looking for regular income without taking risks? Your FD can help.
When it comes to secure investments, fixed deposits remain one of the most trusted choices. But did you know that an FD can also be your source of steady monthly income? With a Non-Cumulative Fixed Deposit, you don’t have to wait till maturity to access your returns. Instead, you receive a payout every month—ideal for covering household expenses, supporting retirement, or even supplementing income during career gaps.
Let’s explore how this monthly income scheme works and how you can benefit from it.
What is a Fixed Deposit Monthly Income Scheme?
A Fixed Deposit Monthly Income Scheme (or Non-Cumulative FD) is a way to invest a lump sum and earn interest at regular intervals. Rather than receiving all your returns at maturity (as with cumulative FDs), this option gives you fixed monthly payouts based on the interest generated.
This makes it perfect for:
- Senior citizens looking for predictable income
- Homemakers managing monthly expenses
- Parents saving for school fees
- Professionals planning a career break
Get monthly interest payouts straight to your bank account—no follow-ups, no surprises. All you need is a one-time investment.
Cumulative vs Non-Cumulative FD: What’s the Difference?
There are two types of fixed deposit schemes:
- Cumulative FD: Interest is compounded and paid at the end of the tenure along with the principal.
- Non-Cumulative FD: Interest is paid at regular intervals—monthly, quarterly, half-yearly, or yearly. The principal is returned at maturity.
Who should choose Non-cumulative FDs?
- Individuals nearing retirement
- Freelancers or entrepreneurs with inconsistent income
- Anyone who prefers liquidity over long-term locking
Need flexibility? Choose your payout frequency—monthly, quarterly, half-yearly, or yearly with Bajaj Finance FDs. Check out latest rates (up to 7.30% p.a.).
