Monthly interest on 1 lakh fixed deposit

Know all about the monthly interest on your Rs. 1 lakh investment in Bajaj Finance FD.

4 mins
01 March 2023

Idle money lying in the savings account and inflation are the silent killers of savings. The rate of interest on deposits in banks is insufficient to beat inflation and meet one’s financial goals for the short term as well as the long term. To make short and loan-term financial plans viable, an individual must look beyond bank-fixed deposits (FDs) to be able to meet the required corpus.

Different banks offer various FDs and saving account rates. However, one needs to look at instruments such as corporate or company FDs to beat inflation and avail of the best interest rates.

Choosing a highly creditworthy NBFC can help you gain substantial returns in the long run.

Calculating monthly interest for one lakh fixed deposit

Bajaj Finance offers higher interest rates for fixed deposits when compared to other NBFCs along with the security of your capital. An investor can make financial plans by utilising laddering or Systematic Deposit Plan as well with Bajaj Finance FD. Along with the power of compounding, high-interest rates by Bajaj Finance FD can help create a corpus in a disciplined manner.

Here is a glimpse of the FD interest rates for a tenure of 60 months. 

Payout frequency

FD rates


7.77% p.a.


7.82% p.a.


7.89% p.a.


8.05% p.a.

5 yearly

8.05% p.a.

Monthly interest payout on one lakh FD

An investor can earn monthly returns by investing in fixed deposits with different tenures. You can tailor your investments as per your financial goals by using the Bajaj FD calculator available online. You can estimate the monthly interest on your deposit using this instrument available our website.

The following table shows the cumulative interest rate for 5-year tenure offered to citizens aged below 60 years. This is for a monthly payout frequency at current Return on Investment (ROI). Returns for cumulative would be higher.

Investment amount

Cumulative interest for 5 years

Maturity amount

1 lakh

Rs. 47,273


5 lakh

Rs. 2,36,366

Rs. 7,36,366

10 lakh

Rs. 4,72,732

Rs. 14,72,732

15 lakh

Rs. 7,09,099

Rs. 22,09,099

20 lakh

Rs. 9,45,465

Rs. 29,45,465

Monthly interest for senior citizens:

Bajaj Finance FD offers senior citizens an additional 0.25% p.a. p.a. interest rate benefit. The FD rates range from 7.35% p.a. up to 8.60% p.a. for 1 to 5 years for senior citizens. The investment made by them can provide high monthly interest for deposits.

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.

  • You can opt for regular returns on monthly, quarterly, half-yearly, or yearly basis.

  • Compared to a typical savings account, FDs provide substantially greater interest rates.

  • Senior citizens can get additional rate benefit of up to 0.25% p.a.

  • Higher credit rating of [ICRA]AAA(Stable), indicating the highest level of safety and lowest investment risk.

Who is eligible for monthly income FDs?

All Resident Indians, Sole proprietorships, Partnership firms and companies, Hindu Undivided Families (HUFs), clubs, associations, societies, and family trusts can apply for a Bajaj Finance FD online to get monthly income.

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

Fixed deposit 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.