Monthly Interest Rates for Rs. 15,000 Fixed Deposit

Understand how much you can earn by investing Rs. 15,000 in FD.
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Rs. 15,000 FD
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4 mins
20-May-2025

Fixed deposits (FDs) are a popular investment option for those who want a reliable and stable investment option with assured returns. FD offers multiple benefits like flexible tenure, easy liquidity, fixed returns, and higher interest rates. In this article, we will understand the monthly interest rates for Rs. 15,000 fixed deposit.

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

Types of FD

  1. Cumulative fixed deposits: In cumulative fixed deposits, the interest earned is reinvested along with the principal amount for the entire tenure of the deposit. This means that interest earned is compounded annually and paid on maturity. Investors can earn higher returns as the interest earned is added back to the principal. Cumulative fixed deposits are best suited for investors who are looking for long-term benefits as it allows compounding of interest.
  2. Non-cumulative fixed deposits: In non-cumulative fixed deposit, the interest earned on the deposit is paid out at regular intervals. Investors can choose the payout frequency as per their requirements like monthly, quarterly, half-yearly or annually. Non-cumulative fixed deposits are best suited for investors who are looking for regular payouts.

Here is a table showing how much interest you can earn if you invest Rs. 15,000 in Bajaj Finance FD.

Cumulative FD

Investor category

FD amount

Investment tenure

Interest rate

Total interest payout

Customers below 60 years

Rs. 15,000

60 months

6.95% p.a.

Rs. 7,091

Senior citizens

Rs. 15,000

60 months

7.30% p.a.

Rs. 7,348

 

Non-cumulative FD

Investor category

FD amount

Investment tenure

Interest rate

Total interest payout

Customers below 60 years

Rs. 15,000

60 months

6.74% p.a.

Rs. 5,828

Senior citizens

Rs. 15,000

60 months

7.07% p.a.

Rs. 6,000

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.

systematic-deposit-plan-pro-tip-banner

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.

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


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.

Conclusion

Fixed deposits are a safe and reliable investment option for investors seeking assured returns with minimal risk. The monthly interest rates for a fixed deposit of Rs. 15,000 vary depending on multiple factors such as the tenure, type of fixed deposit, repo rate, etc. Investors must compare the interest rates offered by various financial institution before investing. Additionally, investors must keep in mind their financial goals, liquidity needs, and tax implications before investing in fixed deposits.

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.

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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.