Monthly Interest Rates for Rs. 15,000 Fixed Deposit

Find out how much monthly interest you can earn by investing Rs. 15,000 in FD. Compare bank rates and choose the best FD option.
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4 mins
23-June-2025

Not all big financial wins require big investments. If you're looking to grow your savings with minimal risk, Fixed Deposits (FDs) offer a simple, secure, and consistent return—even with an amount as modest as ₹15,000. Whether you're saving for an emergency fund or aiming for a reliable monthly income, FDs help you earn interest without worrying about market volatility.

With Bajaj Finance Fixed Deposits, you can choose from multiple payout options, flexible tenures (12–60 months), and attractive interest rates up to 7.30% p.a. Even better—senior citizens get an additional rate benefit of up to 0.35% p.a.

Begin your investment journey with just Rs. 15,000. You don’t need lakhs to get started. Bajaj Finance FDs let you earn monthly—ideal for first-time or cautious investors. Open FD.

What is fixed deposit?

A fixed deposit is a type of investment where you deposit a lump sum amount for a fixed period at a fixed interest rate. At the end of the tenure, you receive the amount you have invested along with the compounded interest after deducting TDS if applicable. TDS is charged when the interest amount exceeds Rs. 50,000 and for senior citizens the limit is Rs. 1,00,000

Fixed Deposit

  1. Trusted by over 5 lakh customers
  2. Fixed Deposits worth more than Rs. 50,000 crore booked
  3. Rated CRISIL AAA/STABLE and [ICRA]AAA(STABLE)
  4. Up to 0.35% p.a. extra interest offered for senior citizens
  5. Flexible interest payout options available - Monthly, Quarterly, Half-yearly, Annually or at Maturity

By proceeding, you agree to our Terms and Conditions

Pro tip

Bajaj Finance offers attractive Fixed Deposit interest rates of up to 6.95% p.a. for non-senior citizens, and up to 7.30% p.a. for senior citizens, inclusive of an additional rate benefit of up to 0.35% p.a.

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Types of Fixed Deposits

Cumulative Fixed Deposit

  • Interest is compounded annually and paid at the end of the tenure

  • Ideal for long-term goals like education, a vacation fund, or wealth building

Non-Cumulative Fixed Deposit

  • Interest is paid out monthly, quarterly, half-yearly, or annually

  • Ideal for regular income seekers like retirees or homemakers

Pick your payout!

Want a lump sum amount in 5 years? Or regular income every month? Bajaj Finance lets you choose between cumulative and non-cumulative options. Earn up to 7.30% p.a. returns with Bajaj Finance FD. Check latest rates.

What is fixed deposit monthly income scheme?

A fixed deposit monthly income scheme is a type of financial arrangement where an individual invests a lump sum amount in a fixed deposit (FD) with the expectation of receiving regular monthly income. In this scheme, the interest earned on the FD is paid monthly, providing a steady stream of income. It is a suitable option for individuals looking for a predictable monthly return on their investment while keeping the principal amount secure.

Fixed deposit variants

Highest Credit Ratings | Trusted with over 1.4 million Deposits | Assured Returns on FD
Recommended

Fixed Deposit - 60 Months

INTEREST RATES UP TO
7.30% p.a.
Invest Online

Fixed Deposit - Senior Citizen

INTEREST RATES UP TO
7.30% p.a.
Invest Online

Fixed Deposit - Age below 60

INTEREST RATES UP TO
6.95% p.a.
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Fixed Deposit - Minor

INTEREST RATES UP TO
6.95% p.a.
Open FD

Fixed Deposit - HUF

INTEREST RATES UP TO
6.95% p.a.
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Fixed Deposit - Sole Proprietor

INTEREST RATES UP TO
6.95% p.a.
Open FD

Monthly interest pay-out for deposits of Rs. 15,000 in FD

Amount

Interest rate (p.a.)

Interest per month

Rs. 15,000

6%

Rs. 75.00

Rs. 15,000

6.50%

Rs. 81.25

Rs. 15,000

7%

Rs. 87.50

Rs. 15,000

7.50%

Rs. 93.75

Rs. 15,000

8%

Rs. 100.00

Rs. 15,000

8.50%

Rs. 106.25

Rs. 15,000

9%

Rs. 112.50

Rs. 15,000

9.50%

Rs. 118.75

Rs. 15,000

10.00%

Rs. 125.00



Enjoy monthly income—even from a small deposit

Even a Rs. 15,000 FD can offer regular monthly payouts. It’s a smart way to meet recurring expenses without dipping into your savings. Open an FD account with Bajaj Finance today and start earning up to 7.30% p.a. returns.

Things to consider when investing Rs. 15,000 in FD

  1. Interest rate: Investors should first check the interest rate offered by the financial institution providing the fixed deposit. Interest rates vary among financial institutions, so comparing them before taking any decision is essential.

  2. Type of FD: The type of FD you are selecting can impacts your returns. In a cumulative FD, interest is compounded and is paid at maturity, while in a non-cumulative FD, interest is paid at regular intervals. Generally cumulative FD provides higher interest rate compared to non-cumulative FD.

  3. Tenure: Carefully select the FD tenure, considering longer tenures often come with higher interest rates. However, select the tenure that aligns with your financial goals and liquidity needs.

  4. Premature withdrawal: Understanding the penalties associated with premature withdrawal is essential. Some financial institution impose a penalty if you withdraw your amount before the maturity date, this can impact your overall returns. Be aware of these terms before making any decision.

  5. Inflation: Consider the impact of inflation. Ensure that your FD interest rate at least matches or exceeds the inflation rate to safeguard the real value of your money over time.

Start building your financial foundation. Whether it’s your first investment or a way to park emergency funds, Bajaj Finance FDs are built for safety, growth, and accessibility. Grow your saving with returns of up to 7.30% p.a. Start investing today!

Conclusion

Fixed deposits are a reliable way to earn stable returns—even with a modest sum like Rs. 15,000. With flexible tenures, monthly or cumulative options, and high safety ratings, Bajaj Finance FDs help you grow your money without risk. They are especially ideal for cautious investors, retirees, or anyone looking for low-maintenance, high-security financial products. Start small—and watch your savings grow steadily.

Calculate your expected investment returns with the help of our investment calculators

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Frequently Asked Questions

Is there any charges for opening an FD account?

No, there is no charge for opening an FD account. However, it is advisable to check before investing.

Can I use my FD as collateral for a loan?

Yes, many financial institutions like Bajaj Finance provides loan against FD.

Can I have multiple FDs with different tenures?

Yes, you can have multiple FDs with different tenures.

Is it worth investing Rs. 15,000 in an FD?

 Absolutely. With Bajaj Finance offering competitive interest rates, even a small amount like Rs. 15,000 can yield consistent monthly income or long-term returns. Start investing now!

Is it worth investing Rs. 15,000 in an FD?

Absolutely. With Bajaj Finance offering competitive interest rates, even a small amount like Rs. 15,000 can yield consistent monthly income or long-term returns. Start investing now!

Are FDs of Rs. 15 lakhs taxable?

Yes—interest earned on a Rs. 15 lakh Fixed Deposit is fully taxable under “Income from Other Sources.” The interest must be declared in your income tax return and is taxed based on your income slab.

Will TDS be deducted from the interest on a Rs. 15,000 FD?

No—TDS is only deducted if annual interest exceeds Rs. 40,000 (Rs. 50,000 for seniors). A Rs. 15,000 FD generally earns much less interest, so no TDS will be deducted. 

What is the best tenure for maximum monthly interest on a Rs. 15,000 FD?

Longer tenures typically offer higher rates, but don’t lock funds unnecessarily. If rates are expected to rise, shorter tenures may be better to reinvest later. Choose based on liquidity needs and projected rate movements.

What is the interest rate on Rs. 15,000 at 8%?

At an 8% annual rate, Rs. 15,000 earns Rs. 1,200 in interest for one year. Monthly, this works out to about Rs. 100.

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Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.