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In summary
A monthly payout Fixed Deposit can provide regular interest while keeping the Rs. 1 lakh principal invested throughout the selected tenure.
- Customers below 60 can earn approximately Rs. 634 to Rs. 797 monthly.
- Senior citizens can earn approximately Rs. 662 to Rs. 724 monthly.
- Bajaj Finance Fixed Deposit offers monthly payout rates ranging from 6.60% to 7.86% p.a.
- Available tenures range from 12 to 60 months.
The principal is returned when the non-cumulative Fixed Deposit matures.
These rates apply from 7.86% and may change for new deposits following future revisions. Choosing a monthly payout can support recurring expenses. However, cumulative deposits may generate higher maturity proceeds because their interest remains invested.
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1 lakh fixed deposit interest per month
The monthly payout depends on the selected tenure, investor category, and applicable non-cumulative FD interest rate.
The following Bajaj Finance Fixed Deposit rates apply to deposits between Rs. 15,000 and Rs. 3 crore from 1 May 2026.
Investment amount 1 Lakh Tenure Monthly rate - below 60 Approximate monthly interest Monthly rate - senior citizen Approximate monthly interest 12 months 7.86% p.a. Rs. 550 6.97% p.a. Rs. 581 18 months 6.79% p.a. Rs. 566 7.16% p.a. Rs. 597 31months 7.49% p.a. Rs. 624 77.86%p.a. Rs. 654 Actual payouts may vary slightly when the tenure includes a leap year. Investors should confirm returns using the Bajaj Finance FD Calculator.
FD Monthly Interest Pay-out for Deposits of Rs 1 lakh
Post Office FD Interest Rates 2026
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The table illustrates the approximate monthly interest at different annual rates. These rates do not represent a particular financial institution’s offer.
FD amount Illustrative annual rate Approximate monthly interest Rs. 1 lakh 2.50% Rs. 208 Rs. 1 lakh 4.00% Rs. 333 Rs. 1 lakh 5.50% Rs. 458 Rs. 1 lakh 7.00% Rs. 583 Rs. 1 lakh 8.50% Rs. 708 These calculations exclude taxes and institution-specific payout conventions. The actual rate depends on the issuer, tenure, and selected payout frequency.
* The rates and interest amounts mentioned above are for illustration purposes only. For actual returns, please refer to the BFL FD calculator.
Monthly interest on Rs. 1 lakh FD for senior citizens
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Bajaj Finance offers Senior Citizen FD rates up to 0.40% p.a. higher than corresponding rates for customers below 60. Monthly rates range from 6.97% to 7.86% p.a. Therefore, Rs. 1 lakh can generate approximately Rs. 562 to Rs. 624 monthly. The Senior Citizen FD rate reaches 8.15% p.a. for eligible maturity payout deposits, not monthly payouts.
Tax Benefits on Rs. 1 Lakh Fixed Deposit
Fixed Deposit interest is taxable according to the investor’s applicable income-tax slab. TDS rules depend on the institution accepting the deposit.
- Banks generally deduct TDS when annual interest exceeds Rs. 50,000 for customers below 60.
- The bank threshold is Rs. 1 lakh for senior citizens.
- For company or NBFC deposits, the applicable annual TDS threshold is generally Rs. 10,000.
- TDS is generally deducted at 10% when PAN is available.
- A higher rate may apply when the investor does not provide PAN.
- Eligible investors may submit Form 15G or Form 15H to request non-deduction of TDS.
TDS is only an advance tax deduction. The investor’s final tax liability depends on total taxable income and the applicable slab.
How to calculate monthly interest on a Rs. 1 Lakh Fixed Deposit?
The 1 lakh fixed deposit interest per month can be estimated using the principal, annual monthly payout rate, and calculation period.
Monthly interest calculation formula
Monthly interest = Principal × annual monthly payout rate ÷ 12 ÷ 100
Maturity amount example
Assume a customer below 60 invests Rs. 1 lakh for 60 months and selects the monthly payout option.
Monthly interest earned
The applicable monthly payout rate for 31–60 months is 7.16% p.a.
Rs. 1,00,000 × 7.16 ÷ 12 ÷ 100 = Rs. 596.67
The investor would receive approximately Rs. 597 monthly, subject to the applicable terms and calculation method.
Interest earned at maturity
Over 60 months, the approximate total interest would be:
Rs. 596.67 × 60 = Rs. 35,800.20
The interest is paid monthly, while the Rs. 1 lakh principal is returned at maturity.
How can calculator help in evaluating monthly interest on a Rs. 1 Lakh Fixed Deposit?
You can use an online FD interest calculator to estimate the potential returns on a Rs. 1 lakh fixed deposit by entering the following details:
- Principal amount
- Investment tenure
- Applicable interest rate
Penalty for Withdrawing an FD of Rs 1 Lakh Before Maturity
Premature withdrawal of Bajaj Finance Fixed Deposit is governed by specific conditions:
- Within three months: Withdrawal is generally unavailable, except following the depositor’s death or other RBI-permitted circumstances.
- After three months and up to six months: Only the principal is returned, without interest.
- After six months but before maturity: Interest is reduced by 2% p.a. from the rate applicable to the completed tenure.
If no rate applies to that tenure, interest is calculated 3% below the minimum offered rate. These rules reduce interest rather than promising penalty-free access. Investors should review their liquidity requirements before selecting a tenure.
Rates of interest on monthly income FDs
Monthly income Fixed Deposits use non-cumulative rates because interest is distributed instead of reinvested. Bajaj Finance monthly rates range from 6.60% to 7.49% p.a. for customers below 60. Senior Citizen FD rates range from 6.97% to 7.86% p.a.
Benefits of monthly income fixed deposits
FDs are among the most well-known investment options for the following reasons: It will motivate people to save for a set amount of time..
- Monthly interest can support recurring household or retirement expenses.
- The principal remains invested until the Fixed Deposit matures.
- Investors can choose monthly, quarterly, half-yearly, annual, or maturity payouts.
- Available tenures range from 12 to 60 months.
- Senior citizens receive rates up to w.e.f 07 October, 2026 p.a. higher.
- Bajaj Finance Fixed Deposit carries CRISIL AAA/STABLE and [ICRA]AAA(Stable) ratings.
- Eligible investors can obtain a loan against their Fixed Deposit, subject to applicable limits.
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Who is eligible for monthly income FDs?
Resident Indian individuals can open a Bajaj Finance Fixed Deposit and select monthly interest payouts, subject to the applicable eligibility requirements.
Eligible applicants include:
- Individuals: Resident Indians who meet the applicable KYC requirements.
- Senior citizens: Resident Indians aged 60 years or above who qualify for Senior Citizen FD rates.
Applicants must provide their PAN and an accepted KYC document, such as Aadhaar, passport, driving licence, or voter ID. Documents may also be retrieved from registered KYC records. Non-Resident Indians (NRIs), Persons of Indian Origin (PIO) and Overseas Citizens of India (OCI) can connect with our representative or write to us on wecare@bajajfinserv.in.
FD interest rates in India vary from one financial institution to another. High-interest rates on fixed deposits with the assurance of high credit ratings are provided by Bajaj Finance with stable ICRA and CRISIL ratings. You can earn a high amount of monthly interest as well as the total interest value on the invested funds.
Documents required for monthly income scheme
Resident Indian individuals opening a Bajaj Finance Fixed Deposit with monthly payouts need their PAN and one accepted KYC document.
Accepted documents include:
- PAN: Required for identity and tax-related verification.
- Aadhaar: Accepted as a KYC document.
- Passport: Accepted as identity or address proof.
- Driving licence: Accepted as identity or address proof.
- Voter ID: Accepted as identity or address proof.
Applicants only need one document from the accepted KYC options listed above, along with their PAN. Bank details are entered during booking for payment and interest payouts. Existing customers may have their documents retrieved from registered KYC records, subject to successful verification.
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Important things to consider when investing Rs. 1 lakh in an fixed deposit
- Interest rate: Compare the applicable monthly rate, not only the headline maturity rate.
- Tenure: Select a tenure of FD matching your financial goal and expected liquidity requirements.
- Credit ratings: Review the issuer’s ratings and ability to meet financial obligations.
- Taxation: Consider tax liability and the applicable TDS threshold.
- Payout option: Choose monthly payments for income or cumulative interest for compounding.
- Premature withdrawal: Understand reduced-interest rules before booking the deposit.
- Calculator estimate: Use the FD Calculator to compare expected returns across available tenures.
Conclusion
The 1 lakh fixed deposit interest per month depends on the tenure, investor category, and applicable monthly payout rate. Bajaj Finance Fixed Deposit currently provides approximately Rs. 534 to Rs. 597 monthly for customers below 60. Senior citizens may receive approximately Rs. 562 to Rs. 624. Monthly payouts can support regular expenses, while cumulative deposits may provide greater maturity proceeds through compounding.
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
Related Articles
Frequently Asked Questions
Overview
How much interest will I get on Rs. 1 Lakh fixed deposit?
There is no minimum or maximum monthly interest; it will depend on the bank's/ NBFC's interest rate for a fixed deposit of one lakh rupees.
How to calculate FD interest on Rs. 1 Lakh?
You can use the FD return calculator to easily calculate the interest earned per month and your overall maturity amounts on Fixed deposits worth Rs. 1 Lakh. Your principal i.e., Rs. 1 Lakh, tenure, and the interest rate charged to calculate the interest amount.
Are there any benefits for senior citizens for the monthly interest they will get on a Rs. 1 Lakh FD?
On a monthly interest payout of Rs. 1 lakh on a fixed deposit, senior citizens are eligible for a number of advantages. Senior citizens are subject to a higher TDS deduction than other citizens. Additionally, senior citizens can complete Form 15H to receive a TDS exemption even if they do not have taxable income.
What are the documents required for a Rs. 1 Lakh fixed deposit?
The documents required are identity proof such as passport, PAN card, Voter ID, Driving licence, any Government ID card or a Photo ration card. Additionally, address validation documents like the passport, telephone bill, electricity bill, bank statement with cheque, signature proof like the passport, PAN card or driving licence are needed. Senior citizens require an age proof document like the driving licence, PAN or voters card along with Form 121.
Will the monthly income FD scheme provide me with monthly interest?
Yes, the monthly income FD scheme is designed to provide a regular stream of monthly interest payments, offering a steady income source for investors.
What is the tax impact on the interest earned by you in Rs.1 lakh fixed Deposit?
The tax impact depends on your tax bracket. Interest earned on a Rs. 1 lakh fixed deposit is taxable, and investors should be aware of the applicable tax rates as per their income slab.
What are the eligibility criteria for a Rs. 1 Lakh fixed deposit?
The eligibility criteria for a Rs. 1 Lakh fixed deposit are the following:
The applicant must be above 18 years of age
Minors can have a Fixed Deposit but under the guardianship of a guardian
The applicant must essentially have a PAN card
Hindu Undivided family (HUF) must have a separate PAN card
The applicant must necessarily satisfy RBI mandated KYC guidelines like identity proof, address proof, and age proof.
What is the interest of Rs. 1 lakh in fixed deposit for 1 year?
For a fixed deposit of Rs. 1 Lakh for 1 year at an interest rate of 7.75% per annum, the interest earned will be Rs. 6,950.
Is a 1 lakh FD a good investment option for beginners?
Yes, a Rs. 1 lakh fixed deposit can be a suitable investment option for beginners due to its stable returns, low risk, and flexible tenure options.
Disclaimer
1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (BAJAJ FINANCE) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.
2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.