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In summary
Consider these points before investing Rs. 50 lakh:
- Non-cumulative deposits provide regular interest payouts
- Monthly income depends on applicable rates
- Senior citizens receive additional interest benefits
- Longer tenures currently offer higher rates
- FD returns remain unaffected by markets
- Premature withdrawals follow specific payout conditions
Compare tenures, payout frequencies, taxation, and liquidity needs before investing your savings. If regular income is your priority, select the monthly payout option while booking the Fixed Deposit.
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Where should you invest for fixed monthly income?
A non-cumulative Fixed Deposit can provide monthly income without linking your returns to market movements. You receive interest regularly, while the principal remains invested until maturity. Bajaj Finance Fixed Deposit offers monthly, quarterly, half-yearly, and annual interest payout options. The available tenure ranges from 12 to 60 months. The minimum deposit is Rs. 15,000.
A Rs. 50 lakh deposit falls within the permitted deposit range of Rs. 15,000 to Rs. Rs. 3 cr Bajaj Finance Fixed Deposit carries CRISIL AAA/STABLE and [ICRA]AAA(Stable) ratings. These ratings indicate high stability but do not remove every investment risk. Before investing, compare the applicable rate, tenure, liquidity conditions, and post-tax monthly income.
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Monthly Income from Rs. 50 lakh Investment
Your monthly income depends on the annualised monthly payout rate available for the selected tenure.
The following calculation applies:
Monthly interest = Deposit amount × Annualised monthly payout rate ÷ 12
For example, customers below 60 can receive 7.16% p.a. for monthly payouts over 31 to 60 months.
Monthly interest = Rs. 50,00,000 × 7.16% ÷ 12
Monthly interest = approximately Rs. 29,833
Senior citizens can receive 7.49% p.a. under the same tenure and payout option.
Monthly interest = Rs. 50,00,000 × 7.49% ÷ 12
Monthly interest = approximately Rs. 31,208
These amounts are before tax. Actual payments can vary slightly because of applicable calculation rules.
Investor category Monthly payout rate Approximate monthly income Customer below 60 7.75% p.a. Rs. 30,500 Senior citizen 8.15% p.a. Rs. 32,200 Interest rates are effective from w.e.f 07 October, 2026 Check the latest rates before booking your deposit.
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How to get monthly income from an investment of Rs. 50 Lakhs?
Choose a non-cumulative Fixed Deposit when booking your investment. A non-cumulative option pays interest periodically instead of adding it to the principal. Select the monthly payout frequency to receive regular interest in your registered bank account.
Steps to start receiving monthly income
- Visit the Bajaj Finserv Fixed Deposit website.
- Select the option to open a Fixed Deposit.
- Verify your mobile number using OTP.
- Enter Rs. 50 lakh as the deposit amount.
- Choose a tenure between 12 and 60 months.
- Select the non-cumulative monthly payout option.
- Enter your PAN and date of birth.
- Complete KYC using the available process.
- Add your bank details and review the declaration.
Pay using NetBanking, UPI, NEFT, or RTGS.
After booking, you will receive a Fixed Deposit Acknowledgement. The electronic Fixed Deposit Receipt is sent within three working days, subject to correct documents.
FD rates for customers below the age of 60
Avoid these mistakes while booking FD
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The following rates apply to customers below 60 from w.e.f 07 October, 2026. They apply to deposits between Rs. 15,000 and Rs Rs. 3 cr.
Tenure At maturity Monthly Quarterly Half-yearly Annual 12 to 17 months 6.80% 6.60% 6.63% 6.69% 6.80% 18 to 30 months 7.00% 6.79% 6.82% 6.88% 7.00% 31 to 60 months 7.75% 7.49% 7.53% 7.61% 7.75% Senior Citizen FD rates
Individuals aged 60 or above receive up to 0.40% p.a. additional interest.
Tenure At maturity Monthly Quarterly Half-yearly Annual 12 to 17 months 7.20% 6.97% 7.01% 7.08% 7.20% 18 to 30 months 7.40% 7.16% 7.20% 7.27% 7.40% 31 to 60 months 8.15% 7.86% 7.91% 7.99% 8.15% -
Benefits of Investing in a Monthly Investment Plan
A monthly payout Fixed Deposit can support recurring expenses while keeping returns predictable.
1. High stability ratings
Bajaj Finance Fixed Deposit carries CRISIL AAA/STABLE and [ICRA]AAA(Stable) ratings. These ratings indicate high credit quality and stability based on the agencies’ assessments.
2. Assured returns
The applicable interest rate remains fixed for your chosen tenure after booking. Market movements do not change the agreed Fixed Deposit rate during that tenure.
3. Predictable monthly payouts
A non-cumulative Fixed Deposit pays interest at your selected frequency. Monthly payouts can support household bills, healthcare costs, or other regular expenses.
4. Flexible tenure and payout options
You can select a tenure from 12 to 60 months. Available payout options include monthly, quarterly, half-yearly, annual, or at maturity.
5. Online booking process
You can book a Bajaj Finance Fixed Deposit online using PAN and an eligible KYC document. Payment options include NetBanking, UPI, NEFT, and RTGS.
6. Liquidity support
Premature withdrawal is available under specific conditions. Withdrawals within three months are generally restricted, except in permitted circumstances. Between three and six months, withdrawal is allowed without interest. After six months, the applicable interest is generally reduced by 2% p.a. A loan against the Fixed Deposit may also be available up to 75% of its value. Use the Fixed Deposit Calculator to estimate your monthly income before investing.
Also Read: How can a Rs. 1 crore FD calculator help you
Things to consider before investing Rs. 50 lakhs
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Review the following factors before placing Rs. 50 lakh in one Fixed Deposit:
- Monthly expenses: Estimate how much regular income you actually need.
- Emergency savings: Keep accessible money outside the Fixed Deposit for unexpected costs.
- Investment tenure: Select a tenure matching your planned financial requirements.
- Payout frequency: Choose monthly payouts only when you need regular income.
- Tax impact: Fixed Deposit interest is taxable under applicable income-tax rules.
- Premature withdrawal: Understand reduced interest before booking the deposit.
- Nomination: Add a nominee to simplify future settlement.
- Rate changes: Confirm the current rate on the booking date.
- Renewal choice: Review auto-renewal instructions before completing the application.
Monthly payouts reduce the benefit of compounding because interest is not reinvested. Choose a cumulative Fixed Deposit when growth matters more than immediate monthly income.
Also Read: About Rs. 10,000 Fixed Deposit Calculator
Conclusion
A non-cumulative Fixed Deposit can convert Rs. 50 lakh into predictable monthly interest. Customers below 60 can receive approximately Rs. 30,500 monthly at 7.49% p.a., before tax. Senior citizens can receive approximately Rs. 32,200 monthly at 7.86% p.a., before tax. The actual amount depends on your category, tenure, payout option, and applicable rate. Before investing, assess your monthly needs, tax liability, emergency fund, and premature withdrawal conditions.
Calculate your expected investment returns with the help of our investment calculators
Investment Calculator FD Calculator Sukanya Samriddhi Yojana Calculator PPF Calculator Recurring Deposit Calculator Provident Fund Calculator Gratuity Calculator
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Fixed Deposit variants
Get ROI up to
8.15% p.a.
Senior citizen
Starting with just Rs. 15,000
Get ROI up to
7.75% p.a.
Age below 60 years
Starting with just Rs. 15,000
Get ROI up to
7.75% p.a.
Minor
Starting with just Rs. 15,000
Get ROI up to
7.75% p.a.
HUF
Starting with just Rs. 15,000
Get ROI up to
7.75% p.a.
Sole proprietor
Starting with just Rs. 15,000
Locate to your nearest FD branch
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Frequently Asked Questions
Overview
Where to invest 50 lakh for monthly income?
You may consider a non-cumulative Fixed Deposit with monthly interest payouts. Compare rates, tenure, credit ratings, liquidity, and post-tax income before investing.
Which is the best investment plan for monthly income?
No single plan suits everyone. A suitable option should match your income requirement, risk tolerance, tenure, liquidity needs, and tax position.
Can I invest money and get monthly income?
Yes. A non-cumulative Fixed Deposit can pay interest monthly. Your income depends on the deposit amount, applicable rate, tenure, and taxation.
How monthly income plan is different from other fixed income plans?
A monthly income option pays interest regularly. A cumulative plan reinvests interest and pays the principal with accumulated interest at maturity.
When is the best time to buy a monthly income plan?
Invest when the available rate, tenure, and expected post-tax income meet your needs. Always maintain separate emergency savings before investing.
Disclaimer
1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (BAJAJ FINANCE) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.
2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.