Monthly Interest Rates for Rs. 8 lakh Fixed Deposit

Investing Rs. 8 lakh in an FD with monthly interest ensures uninterrupted income, combining fixed returns with capital safety for long-term stability.
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Rs. 8 lakh FD
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4 mins
23-August-2025

Opting for the monthly interest payout option on your FD can provide a steady income stream, which is especially handy for covering routine or unexpected expenses.

For instance, if you invest Rs. 8 lakh in an FD at 8% p.a. for 5 years, you would receive about Rs. 5,333 each month as interest. Over the full tenure, this adds up to nearly Rs. 3.7 lakh in total interest earnings.

That said, the exact payout will vary depending on the FD issuer, tenure, and prevailing rates. By comparing different options and planning carefully, you can secure a reliable monthly income from your investment.

Benefits of Investing in an Rs. 8 Lakh Fixed Deposit

Listed below are some benefits of investing in FDs:

  1. Safety and Stability
    Fixed deposits are considered a secure investment option as they are not linked to market fluctuations and have fixed returns. This makes them an ideal choice for risk-averse investors.
  2. Liquidity
    FDs offer a high degree of liquidity, which can be beneficial for investors. FDs can be easily withdrawn as per your requirements. But there are some penalties, check with financial institution before investing.
  3. Easy to Invest
    Investing in FDs is a simple and hassle-free process. One can open an FD account with minimum documentation, and the entire process can be completed within a few minutes. Most financial institutions like Bajaj Finance offer online facilities to open an FD account, you can use Bajaj Finserv website or app to do that.
  4. Tenure Options
    FDs come with a wide range of tenure options, ranging from 7 days to 10 years. This means that investors can choose the investment tenure that best suits their financial goals, requirements, and risk tolerance.
  5. Diversification
    FDs can be a part of your overall investment portfolio to balance out the riskier assets like equities, mutual funds, etc. Diversifying your investments across different asset classes helps to reduce the overall risk of your portfolio and brings stability to your overall investment strategy.

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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Monthly Interest on a Fixed Deposit of Rs. 8 Lakhs

The monthly interest pay-out for Rs. 8 lakh fixed deposit is influenced by factors such as the interest rate, tenure, and the type of FD. Here's an illustrative breakdown:

Amount

Interest rate (p.a.)

Interest per month

Rs. 8 lakh

6%

Rs. 4,000.00

Rs. 8 lakh

7%

Rs. 4,666.67

Rs. 8 lakh

8%

Rs. 5,333.33

Rs. 8 lakh

9%

Rs. 6,000.00

Rs. 8 lakh

10.00%

Rs. 6,666.67


Things to consider before investing in a FD

Before investing in FD, there are several things that investors should consider ensuring they make an informed decision.

  1. Interest rate
    The first thing investors should consider is the interest rate offered by the financial institution offering the FD. Interest rates can vary between different financial institutions. Therefore, it is important to compare the interest rates before making any decision.

  2. Tenure
    FDs are typically available in a range of tenures ranging from 7 days to 10 years. The tenure of the FD can affect the rate of interest. Longer tenures typically offer higher interest rates. Therefore, investors should select a tenure that suits their financial goals, requirements, and risk tolerance.

  3. Premature Withdrawal
    Premature withdrawal of FDs can result in penalty charges, which can negatively impact the returns on the investment. Therefore, it is important to understand the premature withdrawal process and penalties associated with it before making an investment decision. Some financial institutions like Bajaj Finance offers loan against FD, which can be useful in mitigating the impact of penalties.

  4. Taxes
    Investors should also consider the tax implications before investing in FDs. In India, interest earned on FD is taxable. Therefore, investors should be aware of the tax implications and plan their investments accordingly.

  5. Inflation
    Inflation can have a significant impact on the returns earned on an investment. Even though FDs are considered low-risk investments, the inflation rate may decrease the real value of the returns earned. Therefore, investors should account for inflation while calculating the returns they expect to earn.

How is interest earned on fixed deposit taxed?

Interest earned on fixed deposits in India is fully taxable. It is classified under 'Income from Other Sources' in your income tax return.

Banks and NBFCs deduct TDS (Tax Deducted at Source) when the interest is credited to your account.

TDS is applicable if your annual interest exceeds Rs. 50,000 for regular individuals. For senior citizens, the limit is higher at Rs. 1,00,000.

Conclusion

Investing in fixed deposits is a safe and secure investment option for seeking low-risk investments with a fixed rate of return.

Monthly interest rates on a Rs. 8 lakh fixed deposit can vary across financial institutions, so it’s important to compare rates before choosing where to invest.

Along with interest rates, you should also consider factors like tenure, taxes, and inflation.

By evaluating these aspects carefully, investors can make informed decisions and choose a fixed deposit plan that aligns with their financial goals and needs.

Check monthly interest rates on your fixed deposits

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Monthly Interest for a Rs. 1 Crore FD

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Monthly Interest for a Rs. 2 Crore FD

Monthly Interest for a Rs. 3 Crore FD

Monthly Interest for a Rs. 70 Lakh FD

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Frequently asked questions 

What is the monthly interest on 8 lakhs?

The monthly interest on a Rs. 8 lakh fixed deposit depends on the interest rate and tenure. For example, at 7.5% annual interest, the monthly payout would be around Rs. 5,000. Exact returns may vary based on the financial institution and payout option chosen.

How much interest on 8 lakh FD?

The total interest on an Rs. 8 lakh FD depends on the rate and duration. For instance, at 7.5% annual interest over 1 year, you can earn approximately Rs. 60,000. Longer tenures may yield more. Use an FD calculator for precise earnings based on your specific terms.

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.