10 Lakh FD Interest Per Month — How Much Can You Earn?

In summary

The 10 lakh FD interest per month depends on the applicable annual rate and selected monthly payout option.

• Customers below 60 can receive approximately Rs. 5,500 to Rs. 31,500 monthly.
• Senior citizens can receive approximately Rs. 5,810 to Rs. 32,750 monthly.
• Bajaj Finance Fixed Deposit offers tenures between 12 and 60 months.
• Senior citizens receive interest rates up to 0.40% p.a. higher.

• Monthly payouts provide regular income while the principal remains invested.

  
  

Check the current rate before investing because Bajaj Finance may revise its Fixed Deposit interest rates periodically.

Why choose a fixed deposit for monthly returns?

A Rs. 10 lakh Bajaj Finance Fixed Deposit can provide regular income through predictable monthly interest payouts.

• Assured returns: Your deposit earns interest at the rate fixed on the booking date, unaffected by market movements.
• High credit safety ratings: Bajaj Finance Fixed Deposit carries CRISIL AAA/STABLE and [ICRA]AAA(Stable) ratings.
• Flexible tenures: Choose an investment period between 12 and 60 months based on your financial requirements.
• Multiple payout options: Select monthly interest through a non-cumulative deposit or receive compounded returns through a cumulative deposit.
• Principal repayment: Bajaj Finance returns the principal after the non-cumulative Fixed Deposit completes its selected tenure.

Monthly interest is generally estimated by multiplying the deposit by the annual rate and dividing the result by twelve. The specific formula for this is mentioned below:

Monthly interest = Deposit amount × annual interest rate ÷ 12

The following table illustrates the approximate 10 lakh FD interest per month across different annual rates.

These examples are illustrative and do not represent available Bajaj Finance Fixed Deposit rates. Use the FD calculator for product-specific estimates.

Bajaj Finance Fixed Deposit offers assured returns and flexible tenures from 12 to 60 months. Returns remain unaffected by market movements. The deposit carries CRISIL AAA/STABLE and [ICRA]AAA(Stable) ratings. These ratings indicate strong capacity for timely repayment of financial obligations. Customers below 60 can earn up to 7.75% p.a. Senior citizens can earn up to 8.15% p.a.

These highest rates apply to the cumulative, at-maturity option. Monthly payout rates are lower because interest is distributed throughout the tenure. The following FD interest rates apply from w.e.f 07 October, 2026. They cover deposits between Rs. 15,000 and Rs. 3 crore.

Customers below 60 investing in a Fixed Deposit

Senior citizens investing in a Fixed Deposit

Senior citizens receive rates up to 0.40% p.a. higher than customers below 60.

Under the monthly payout option, Bajaj Finance distributes interest periodically and returns the Rs. 10 lakh principal at maturity. Actual payouts may vary slightly when the selected tenure includes a leap year. Use the Bajaj Finance FD calculator for exact estimates.

How to invest in a Bajaj Finance Fixed Deposit:

The online application allows eligible investors to book a Bajaj Finance Fixed Deposit using their mobile number, KYC, and bank details.

Steps

1. Visit the Bajaj Finserv website and open the Fixed Deposit section.
2. Select ‘Open FD’ to access the online application form.
3. Enter your mobile number and complete OTP verification.
4. Provide the investment amount, tenure, payout frequency, PAN, and date of birth.
5. Confirm existing KYC details or complete Aadhaar-based KYC.
6. Review the declaration and accept the applicable terms and conditions.
7. Enter your bank account details and proceed towards payment.

8. Pay using NetBanking, UPI, NEFT, or RTGS.

   
   

Bajaj Finance sends the Fixed Deposit Acknowledgement by email and through a mobile link after successful booking.

Eligibility criteria and documents required for opening a Rs. 10 lakh FD

Resident Indian individuals can open a Rs. 10 lakh Bajaj Finance Fixed Deposit by meeting the applicable eligibility and KYC requirements.

• Nationality: The applicant must be a resident Indian.
• Investor type: Individual investors and senior citizens can apply.
• Senior citizen eligibility: Individuals aged 60 or above can select the Senior Citizen FD.
• Additional interest: Senior citizens can receive interest rates up to 0.40% p.a. higher.
• PAN requirement: Applicants must provide a valid PAN.
• KYC document: Provide Aadhaar, passport, driving licence, or voter ID.
• Registered KYC: Bajaj Finance may fetch the required documents from existing registered KYC records.

TDS on a Rs. 10 Lakh Fixed Deposit

Interest from a Fixed Deposit is taxable according to the investor’s applicable income-tax slab. Monthly payouts represent gross income before tax. For company deposits, including Bajaj Finance Fixed Deposit, TDS generally applies when annual interest exceeds Rs. 10,000. TDS is generally deducted at 10% when the investor provides PAN. The applicable rate can increase to 20% without PAN. TDS is only a tax deduction mechanism. Investors must include their total Fixed Deposit interest while filing their income-tax return.

Important things to consider before investing Rs. 10 Lakh in a Fixed Deposit

Investors should compare income requirements, tenure, liquidity, safety ratings, and taxation before booking a Rs. 10 lakh Fixed Deposit.

1. Interest rate

The interest rate directly determines the 10 lakh FD interest per month. Compare rates for your selected tenure and payout frequency. Senior citizens may receive an additional rate benefit. Confirm the effective rate on the booking date before making the investment.

2. Premature withdrawal clause

Review premature-withdrawal conditions before selecting a tenure. These conditions determine whether interest is payable when the deposit closes before maturity. Keeping separate emergency savings can reduce the need for premature withdrawal. This approach can help preserve the planned Fixed Deposit returns.

3. Loan against Fixed Deposit

Bajaj Finance allows eligible investors to borrow up to 75% of a cumulative Fixed Deposit’s value. This facility can provide liquidity while the Fixed Deposit remains active. Review the applicable interest, eligibility, and repayment terms beforehand.

Penalty on premature withdrawal of Rs. 10 lakh FD

Bajaj Finance generally restricts premature withdrawal during the first three months. Exceptions apply following the depositor’s death or as permitted by RBI rules. Withdrawals after three months and up to six months return only the principal. Bajaj Finance pays no interest for this period. After six months, the payable rate is 2% p.a. below the rate applicable to the completed tenure. When no rate exists for that tenure, interest is 3% p.a. below the minimum rate offered by Bajaj Finance.

Final Thoughts

The 10 lakh FD interest per month can reach approximately Rs. 5,967 for customers below 60 with Bajaj Finance. Senior citizens can receive approximately Rs. 6,242 monthly at the applicable 31–60-month rate. Monthly payouts suit investors seeking regular income, while cumulative deposits focus on growth. Compare tenure, tax, and liquidity needs before investing.

Calculate your expected investment returns with the help of our PPF and FD interest calculators.