The fixed deposit interest rate depends on various aspects, including deposited amount, tenure, interest computation frequency, type of FD, and taxation.
With the right fixed deposit (FD), investors can easily meet their long-term financial goals and fulfil their basic needs. On an investment of Rs. 2 crore investment, you can earn monthly interest. This will help in growth of your money, and act as a regular source of income for you.
In this volatile market, fixed deposit is a safe investment option that offers profitable returns. It is not market driven and the FD rates are determined during the time of investment. These rates can also change basis the payout frequency.
Types of Fixed Deposits
- Cumulative Fixed Deposits:
A cumulative FD provides the compounding benefit to the investor and pays the interest at the maturity date. Investors with long-term financial goals, like buying a home, getting education abroad, marriage, or retirement, can choose cumulative FD to get the entire amount of principal and interest upon maturity.
- non-cumulative fixed deposits:
A non-cumulative FD provides interest payouts at regular intervals. Investors can choose the interval period according to their financial requirements with the 2 crores fixed deposit interest. An FD issuer chooses monthly, quarterly, semi-annually, or annually for interest credit. If an investor is a retiree, a significant amount of 2 crores FD interest per month can be a great financial support.
Higher Amount of Interest on 2 Crores FD Per Month
With Bajaj Finance, you can invest up to Rs. 5 crore for a tenure of 12 – 60 months. The FD rates on your investment will be basis your investment tenure.
Mentioned below are the FD rates for customers below 60 years of age at different tenures. Senior citizens get additional rate benefit of up to 0.25% p.a. p.a.