Monthly Interest Rates for Rs. 35 lakh Fixed Deposit

Learn how much can you earn with Rs. 35 lakh FD.
Rs. 35 lakh FD
4 mins
18 March 2024

For those looking for a safe and secure investment option in India, fixed deposits are a popular choice. It is easy to invest in fixed deposit and offer a fixed rate of return, making them a preferred choice for risk-averse individuals. One of the key factors to consider when investing in a fixed deposit is the interest rates, which can provide a steady source of income. In this article, we will discuss the monthly interest that can be earned on Rs. 35 lakh fixed deposit.

Fixed deposits are offered by various banks and other financial institutions in India and typically range between durations of 7 days to 10 years. Interest rates on fixed deposits are currently higher than most savings accounts, which makes them more attractive for individuals willing to lock in their money for a certain period of time. It is important to note that interest rates vary across different banks and institutions, and investors should ensure they are aware of the rate offered by the bank they choose to invest in.

Benefit of getting monthly interest on your investment

  1. Regular Income: Monthly interest provides a consistent income stream. This helps in budgeting and meeting regular expenses.
  2. Liquidity: Monthly pay-outs increase liquidity, allowing you to access funds more frequently for unforeseen expenses or investment opportunities.
  3. Risk Mitigation: Regular pay-outs provide a hedge against interest rate fluctuations, offering stability compared to long-term, fixed maturity investments.
  4. Financial Flexibility: Monthly returns provide flexibility for short-term financial goals or emergencies, giving you more control over your finances.

Pro tip

Enjoy higher interest rate with Bajaj Finance Digital FD. Unlock returns of up to 8.85% p.a. by investing for 42 months via our website and app.

Monthly interest for Rs. 35 lakh Fixed Deposit

Check the table below to see the monthly interest income on a Rs. 35 lakh FD at various interest rates:


Interest rate(p.a.)

Interest per month

Rs. 35 lakh


Rs. 17,500.00

Rs. 35 lakh


Rs. 18,958.33

Rs. 35 lakh


Rs. 20,416.67

Rs. 35 lakh


Rs. 21,875.00

Rs. 35 lakh


Rs. 23,333.33

Rs. 35 lakh


Rs. 24,791.67

Rs. 35 lakh


Rs. 26,250.00

Rs. 35 lakh


Rs. 27,708.33

Rs. 35 lakh


Rs. 29,166.67

You can also use the Bajaj Finance FD calculator to check the potential return on your investment

TDS on FD interest income

According to the Income Tax Act, Banks and NBFCs must deduct TDS on fixed deposit interest income exceeding a specified limit. Currently, the limit is set at Rs. 40,000 per annum for individuals and Rs. 50,000 for senior citizens, the TDS rate is 10%. This deduction occurs at the time of credit of interest income in the investors account. This means the actual interest income received by the investor may be less than the stated rate due to TDS deductions.

Stay informed about TDS regulations to manage your fixed deposit investments effectively.

Documents required for a Rs. 35 lakh fixed deposit

Pan card, any KYC document (Aadhar card, Passport, Driving license, Voter ID)


Understanding the monthly interest rates fixed deposit is important for those looking for secure investment. Fixed deposits offer simplicity, accessibility, and steady returns. The article provides insights into the benefits of monthly interest and highlights the impact of TDS on interest earned.

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

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Frequently Asked Questions

What is the Digital FD offered by Bajaj Finance?

Bajaj Finance has launched a new FD variant called "Bajaj Finance Digital FD" for a period of 42 months. Bajaj Finance is providing one of the highest interest rates of up to 8.85% p.a. for senior citizens and for the customers below the age of 60 they are providing up to 8.60% p.a. The Digital FD can be opened and managed only through the Bajaj Finserv website or app.

How can investors stay informed about TDS regulations?

Investors can stay informed about TDS regulations by regularly checking updates from the Income Tax Department or consulting with financial advisors.

Are FD interest rates the same across financial institutions?

No, FD interest rates vary among different financial institutions.

Can I withdraw my fixed deposit before the maturity period?

Yes, you can prematurely withdraw your FD amount, it may incur penalties and result in lower interest earnings.

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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
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.