Monthly Interest Rates for a Rs. 10 Lakh Fixed Deposit

Secure your wealth with high monthly payouts from Bajaj Finance Fixed Deposits. Enjoy guaranteed returns, flexible tenures, and special rates for senior citizens—making your savings work smarter.
Invest Rs. 10 Lakh & Earn a Fixed Monthly Income – Get Up to 7.30% p.a.!
4 mins
18-June-2025

If you’ve saved Rs. 10 lakh and want to put it to smart use, a Fixed Deposit (FD) can offer more than just capital protection. It can become a steady monthly income stream—especially when you choose a non-cumulative FD with monthly payouts.

Bajaj Finance offers competitive FD rates of up to 7.30% p.a., making it an excellent option for investors. Check latest FD rates and start investing.

Why choose a fixed deposit for monthly returns?

Fixed Deposits have long been a trusted option for Indian investors looking for safety, predictability, and assured growth. Here’s why a Rs. 10 lakh FD could be the ideal fit:

  • Guaranteed Returns: Your money grows at a fixed interest rate—immune to market volatility.

  • Capital Safety: Bajaj Finance FD comes with CRISIL AAA/STABLE and [ICRA]AAA(STABLE) ratings.

  • Flexible Tenures: Choose between 12 to 60 months to match your financial goals.

  • Cumulative and Non-Cumulative Options: Opt for monthly interest or let it grow for a lump sum maturity.

Earn more from your savings!

With regular interest payout options like monthly, quarterly, half-yearly or yearly and interest as high as up to 7.30% p.a. on a Rs. 10 lakh deposit, Bajaj Finance FD can be an ideal option for you. Open FD.

Fixed Deposit

  1. Trusted by over 5 lakh customers
  2. Fixed Deposits worth more than Rs. 50,000 crore booked
  3. Rated CRISIL AAA/STABLE and [ICRA]AAA(STABLE)
  4. Up to 0.35% p.a. extra interest offered for senior citizens
  5. Flexible interest payout options available - Monthly, Quarterly, Half-yearly, Annually or at Maturity

By proceeding, you agree to our Terms and Conditions

Fixed Deposit

  1. Trusted by over 5 lakh customers
  2. Fixed Deposits worth more than Rs. 50,000 crore booked
  3. Rated CRISIL AAA/STABLE and [ICRA]AAA(STABLE)
  4. Up to 0.35% p.a. extra interest offered for senior citizens
  5. Flexible interest payout options available - Monthly, Quarterly, Half-yearly, Annually or at Maturity

By proceeding, you agree to our Terms and Conditions

Monthly interest payout on a Rs. 10 lakh Fixed Deposit

The table below presents the interest amounts earned, considering various interest rates, for an investment of Rs. 10 lakh in an FD:

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

Rs. 10 lakh

6.00%

Rs. 5,000

Rs. 10 lakh

6.50%

Rs. 5,416

Rs. 10 lakh

7.00%

Rs. 5,833

Rs. 10 lakh

7.50%

Rs. 6,250

Rs. 10 lakh

8.00%

Rs. 6,667

Rs. 10 lakh

8.50%

Rs. 7,083

Rs. 10 lakh

9.00%

Rs. 7,500

Rs. 10 lakh

9.50%

Rs. 7,717

Rs. 10 lakh

10.00%

Rs. 8,333


Interest Earnings on Bajaj Finance FDs – Real Examples

By investing Rs. 10 lakh in an FD with Bajaj Finance for a long tenure, investors can enjoy a relatively higher interest rate. Adjusting the investment duration between 12 to 60 months enables investors to align FDs with their specific short-term or long-term financial goals.

The following table shows the FD interest rates offered by Bajaj Finance on an FD of Rs. 10 lakh for a tenure of 60 months:

Payout frequency

FD rates (Customers below the age of 60)

FD rates (Senior Citizens)

Monthly

6.74%

7.07%

Quarterly

6.78%

7.11%

Half-yearly

6.83%

7.17%

Annual

6.95%

7.30%

At Maturity

6.95%

7.30%


Here are the interest earnings calculations for a Rs. 10 lakh fixed deposit with “monthly” selected as the payout frequency.

For customers below 60 years investing in an FD:

Deposit Amount

Tenure

Interest rate (Payout frequency: Monthly)

Total Interest

Maturity Amount

Rs. 10 lakh

12 months

6.41%

Rs. 64,100

Rs. 10,64,100

Rs. 10 lakh

24 months

6.74%

 

Rs. 1,34,800



Rs. 11,34,800

Rs. 10 lakh

36 months

6.74%

Rs.

2,02,303

 

Rs.

12,02,303

Rs. 10 lakh

60 months

6.74%

Rs.

3,37,000

Rs.

13,37,000


*All calculations are done using the Bajaj Finance FD Calculator

Senior citizens investing in an FD:

Deposit Amount

Tenure

Interest rate (Payout frequency: Monthly)

Total Interest

Maturity Amount

Rs. 10 lakh

12 months

6.74%

Rs. 67,400

 

Rs. 10,67,400

Rs. 10 lakh

24 months

7.07%

Rs.

1,41,400



Rs.

11,41,400

Rs. 10 lakh

36 months

7.07%

Rs.

2,12,208

Rs.

12,12,208

Rs. 10 lakh

60 months

7.07%

Rs.

3,53,500

Rs.

13,53,500


*All calculations are done using the Bajaj Finance FD Calculator

Enjoy extra interest of up to 0.35% p.a. when senior citizens invest in a Bajaj Finance FD. Check latest FD rates.

Monthly vs. Cumulative FD – What should you choose?

  • Non-Cumulative FD: Monthly interest payouts—perfect for generating income post-retirement or supplementing your salary.

  • Cumulative FD: Reinvest the interest for long-term wealth growth and receive a lump sum on maturity.

Choose what fits your lifestyle—whether it’s steady income or capital appreciation.

Here's the step-by-step guide on how to invest in a Bajaj Finance Fixed Deposit:

  • To initiate the process, click on 'Open FD' located at the top of this page to access our online application form.
  • Share your 10-digit mobile number and validate it by entering the OTP sent to your phone.

  • Input the desired investment amount, select the investment tenure, and specify the payout frequency. Additionally, add your PAN card details and date of birth.

  • Fulfil your KYC requirements: For existing customers, verify the provided details or make necessary edits. New customers can complete their KYC using their Aadhaar Card.

  • A declaration outlining the terms and conditions will be presented. Thoroughly review it and consent to the terms. Enter your bank details and proceed with the payment.

  • Finalise your investment using either Net Banking/UPI or NEFT/RTGS.

Once your fixed deposit is confirmed, you will receive the Fixed Deposit Acknowledgement (FDA) in your registered email address and as a link on your mobile number. An Electronic Fixed Deposit Receipt (e-FDR) will also be dispatched to your email ID within 3 working days, contingent on the correct order of documents.

Open your FD online in minutes

Zero paperwork. Instant confirmation. All from the comfort of your home. Open a Bajaj Finance FD today!

Here is the eligibility criteria and documents required for opening a Rs. 10 lakh FD

Anyone can book our fixed deposit if they meet the basic criteria mentioned below.

  • Nationality: Resident Indians / Non-Resident Indians

  • Investor Type: Individuals, Senior Citizens, Minors, Sole Proprietorships, Partnership Firms, HUFs, Clubs, Associations, Societies, and Family Trusts

  • Documents Required: PAN and any KYC document: Aadhaar card/Passport/Driving license/Voter ID

*Documents can also be fetched from registered KYC.

You can update KYC Via CKYC, OKYC & Digi locker

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.

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.

Final Thoughts

A Rs. 10 lakh Fixed Deposit doesn’t just offer safety—it opens doors to steady earnings, personalised payouts, and financial peace of mind. Whether you're planning for retirement, managing monthly expenses, or simply growing your wealth, Bajaj Finance FDs deliver on all fronts—with flexibility, trust, and transparency.

Calculate your expected investment returns with the help of our investment calculators

Investment Calculator

SIP Calculator

FD calculator

Gratuity Calculator

Lumpsum Calculator

Step Up SIP Calculator

Frequently asked questions

Can NRIs open a Rs. 10 lakh FD?

Yes, NRIs can open a Rs. 10 lakh Fixed Deposit in India. However, the eligibility criteria and terms may vary among banks and NBFC.

Are Rs. 10 lakh FDs taxable?

Yes, Rs. 10 lakh FDs are subject to taxation. The interest earned on fixed deposits is considered a part of an individual's taxable income. The interest is added to the total income and taxed based on the applicable income tax slab.

Why choose Bajaj Finance FD over other options?

With competitive rates up to 7.30% p.a., high safety ratings, flexible tenure, and both cumulative and non-cumulative options, Bajaj Finance FDs combine returns with reliability. Open FD.

Is there a minimum and maximum cap of interest rate for a fixed deposit of Rs. 10 lakhs?

There is no fixed minimum or maximum cap on interest rates for a Rs. 10 lakh FD. The interest rates vary among financial institution.

What are the eligibility criteria for a Rs. 10 lakh fixed deposit?

The eligibility criteria for a Rs. 10 lakh Fixed Deposit generally involve being an adult and complying with the bank's KYC requirements. Banks may have specific criteria, so it's advisable to check with the chosen bank for any additional conditions.

Can I take a loan against my 10 lakh Fixed Deposit?

Yes, you can usually take a loan against your Rs. 10 lakh Fixed Deposit. Financial institutions such as Bajaj Finance offer loan against FD at up to 75% of the deposit value.

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Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

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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.