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In summary
The monthly interest on a Rs. 50 lakh FD depends on the annual rate offered under the non-cumulative payout option.
- Bajaj Finance Fixed Deposit accepts investments ranging from Rs. 15,000 to Rs. 3 crore.
- Customers below 60 can receive monthly rates till 7.75%
- Senior citizens can receive monthly rates up to 8.15%
- The estimated monthly payout ranges from Rs. 26,708 to Rs. 31,208 before TDS.
- Bajaj Finance Fixed Deposit offers tenures ranging from 12 to 60 months.
- Interest is taxable according to the investor’s applicable income-tax rate.
- TDS applies when interest from an NBFC deposit exceeds Rs. 10,000 during a tax year.
Investors should use the applicable monthly payout rate rather than the higher cumulative rate when calculating their regular income.
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Benefits of investing in a Rs. 50 Lakh FD
A Rs. 50 lakh FD can support regular income planning while offering a predetermined interest rate and flexible payout choices.
- Assured Returns: The booked interest rate remains fixed throughout the selected tenure and does not change with market movements.
- Flexible Tenure: Bajaj Finance Fixed Deposit offers tenures from 12 to 60 months for different financial requirements.
- Regular Payouts: Investors can select monthly, quarterly, half-yearly, or annual interest payments under the non-cumulative option.
- Credit Ratings: Bajaj Finance Fixed Deposit carries CRISIL AAA/STABLE and [ICRA]AAA(Stable) ratings, indicating high credit safety.
- Loan Against FD: Eligible investors can borrow up to 75% against cumulative deposits without prematurely closing their investments.
These features can help investors balance predictable income, planned tenure, and access to liquidity during the deposit period.
FD monthly interest pay-out for deposits of Rs. 50 lakh
Avoid these mistakes while booking FD
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The monthly interest is calculated by multiplying the principal by the annual interest rate and dividing the result by 12.
The following table shows indicative monthly interest for different annual rates, before TDS and without considering any compounding:
Deposit amount Annual interest rate Estimated monthly interest Rs. 50 lakh 6.00% Rs. 25,000.00 Rs. 50 lakh 6.50% Rs. 27,083.33 Rs. 50 lakh 7.00% Rs. 29,166.67 Rs. 50 lakh 7.50% Rs. 31,250.00 Rs. 50 lakh 8.00% Rs. 33,333.33 These figures illustrate how monthly income changes with the rate. They do not represent every rate available from Bajaj Finance.
Monthly interest on an FD of Rs.50 lakhs
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The table below uses current Bajaj Finance Fixed Deposit monthly payout rates effective from 1 May 2026.
Invested amount - 50,00,000 Investor category Tenure Monthly rate Estimated monthly payout Customer below 60 12 months 6.60% Rs. 27,500 Customer below 60 30 months 6.79% Rs. 28,276 Customer below 60 60 months 7.49% Rs. 31,208 Senior citizen 12 months 6.97% Rs. 29,042 Senior citizen 30 months 7.16% Rs. 29,817 Senior citizen 60 months 7.86% Rs. 32,750 The estimated payouts are gross amounts before TDS. Actual payments may vary slightly because of calculation conventions or leap-year adjustments.
TDS on a Rs. 50 Lakh Fixed Deposit
Interest earned from a fixed deposit is taxable and must be reported under income from other sources in the income-tax return. The following rules apply to a Bajaj Finance Fixed Deposit during tax year 2026-27:
- NBFC Threshold: TDS applies when aggregate interest exceeds Rs. 10,000 during the tax year.
- TDS With PAN: The applicable TDS rate is generally 10% when valid PAN details are available.
- TDS Without PAN: TDS may be deducted at 20% when the investor does not provide a valid PAN.
- Final Tax: TDS is not the final tax liability because interest remains taxable at the investor’s applicable rate.
Eligible Declaration: Eligible taxpayers can submit Form 121 for non-deduction, subject to the prescribed income conditions.
The Rs. 50,000 and Rs. 1 lakh thresholds apply to eligible bank, cooperative bank, and notified post-office deposits, not NBFC deposits.
How to calculate interest on an FD of Rs. 50 lakh?
You can calculate monthly interest manually or use an online calculator for an estimate based on the applicable payout rate.
The basic formula is:
Monthly interest = Deposit amount × Annual monthly payout rate ÷ 12
An FD calculator can estimate monthly payments after you enter the deposit amount, tenure, investor category, and payout option.
What you'll need to enter:
Enter the following details to calculate expected returns:
- Investor Type: Customer below 60 or senior citizen
- Investment Amount: Rs. 50 lakh
- Tenure: Between 12 and 60 months
- Interest Rate: The applicable rate for the chosen tenure
- Payout Option: Monthly, quarterly, half-yearly, annually, or at maturity
The displayed amount should be treated as an estimate before applicable TDS and income tax.
Example: FD interest calculation on Rs. 50 lakh
Suppose a customer below 60 invests Rs. 50 lakh in Bajaj Finance Fixed Deposit for 18 months.
The applicable monthly payout rate for an 18-to-30-month tenure is 6.64% p.a., based on rates effective from 1 May 2026.
Step-by-step calculation:
Monthly interest = Rs. 50,00,000 × 6.64% ÷ 12
Monthly interest = Rs. 50,00,000 × 0.0664 ÷ 12
Monthly interest = Rs. 3,32,000 ÷ 12
Estimated monthly interest = Rs. 27,666.67
The investor receives approximately Rs. 27,666.67 monthly before TDS, while the principal remains invested until maturity.
Total interest earned over 18 months
The estimated total interest equals the monthly payout multiplied by the 18-month tenure.
Total interest = Rs. 27,666.67 × 18
Estimated total interest = Rs. 4,98,000
This calculation assumes the applicable rate remains 6.64% p.a. and each monthly payment is withdrawn instead of reinvested.
Benefits of investing in monthly interest plan
A monthly interest plan can suit investors who want regular income while retaining their principal until the selected maturity date.
- Regular Income: Monthly payouts can help meet recurring expenses without waiting until the deposit matures.
- Predictable Cash Flow: The booked payout rate allows investors to estimate monthly receipts throughout the selected tenure.
- Financial Planning: A known payment schedule can support household budgeting and planned recurring expenses.
- Principal Continuity: The deposit principal remains invested and becomes repayable at maturity, subject to applicable terms.
- Payout Flexibility: Investors can compare monthly payments with quarterly, half-yearly, annual, and cumulative options before investing.
Monthly payouts do not compound within the deposit because the interest is paid instead of being added to the principal.
Conclusion
The monthly interest on a Rs. 50 lakh FD depends on the investor category, tenure, payout option, and applicable interest rate. Bajaj Finance Fixed Deposit currently provides estimated monthly payouts ranging from Rs. 26,708 to Rs. 31,208 before TDS. Investors should compare cumulative and non-cumulative FD options, calculate post-tax income, and review premature withdrawal conditions before selecting a deposit.
Check out different FD Rates
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
Are there any penalties for withdrawing the principal amount before the maturity of the fixed deposit?
Premature withdrawal can reduce the interest received. Bajaj Finance generally does not permit withdrawal within three months, except under specified conditions. Between three and six months, principal may be returned without interest.
Can I choose the frequency of interest payouts on fixed deposit investment?
Yes. Bajaj Finance Fixed Deposit provides monthly, quarterly, half-yearly, and annual payouts under the non-cumulative option. Investors can alternatively select a cumulative deposit and receive principal with compounded interest at maturity.
What is the interest on Rs. 50 lakh deposit monthly?
The estimated monthly interest ranges from Rs. 26,708 to Rs. 31,208 under current Bajaj Finance Fixed Deposit rates. The exact amount depends on age and tenure.
How much tax do I pay on a Rs. 50 lakh fixed deposit?
FD interest is added to taxable income and taxed at the applicable rate. Bajaj Finance generally deducts 10% TDS when NBFC interest exceeds Rs. 10,000 and PAN is available. TDS is adjusted against the final tax liability when the income-tax return is filed.
What is the monthly interest on a Rs. 50 lakh FD for senior citizens?
A Rs. 50 lakh Bajaj Finance Fixed Deposit can provide senior citizens monthly interest between Rs. 28,083.33 and Rs. 31,208.33. The amount varies because monthly payout rates are 6.74%, 6.97%, and 7.49% across three available tenure ranges respectively in 2026.
These figures represent gross interest before TDS, while the principal remains invested until maturity under the selected non-cumulative deposit option.
How is monthly interest calculated on a Rs. 50 lakh senior citizen FD?
Monthly interest is calculated by multiplying Rs. 50,00,000 by the applicable annualised payout rate and dividing the result by twelve. At 7.49% p.a., the calculation is Rs. 50,00,000 multiplied by 7.49%, then divided by 12, producing approximately Rs. 31,208.33 monthly. Use the non-cumulative monthly payout rate, because the 7.75% cumulative rate applies only when interest is received at maturity instead.
Disclaimer
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