2 Crore FD Interest Per Month

With non-cumulative fixed deposit earn monthly interest on investment of Rs. 2 crore.

3 mins
01 Sep 2023

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

  1. 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.
  2. 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.

FD rates for customers below 60 years

Fixed Deposit Annualized rate of interest for non-senior citizens valid for deposit up to Rs. 5 crore (w.e.f 10 May, 2023)
*special interest rates are offered on tenure of 15, 18, 22, 33, and 44 months.

Non-Senior Citizen – Special Period

Tenure in
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
15* 7.45% 7.21% 7.25% 7.32% 7.45%
18* 7.40% 7.16% 7.20% 7.27% 7.40%
22* 7.50% 7.25% 7.30% 7.36% 7.50%
30* 7.45% 7.21% 7.25% 7.32% 7.45%
33* 7.75% 7.49% 7.53% 7.61% 7.75%
44* 8.35% 8.05% 8.10% 8.18% 8.35%

Non-Senior Citizen – Regular Period

Tenure in
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 14 7.40% 7.16% 7.20% 7.27% 7.40%
>15-23 7.50% 7.25% 7.30% 7.36% 7.50%
24 7.55% 7.30% 7.35% 7.41% 7.55%
25-35 7.35% 7.11% 7.16% 7.22% 7.35%
36 - 60 8.05% 7.77% 7.82% 7.89% 8.05%

Interest calculation on Bajaj Finance FD

Before you start your Rs. 2 crore investment, use the FD interest calculator to know the interest and the maturity amount. Mentioned below are two examples of interest calculation for a cumulative and a non-cumulative fixed deposit made with Bajaj Finance.

1. Cumulative FD

If you want to invest for the long-term with the safety of your capital, you can choose cumulative FD and get the entire interest amount on the maturity date. Interest calculation on Bajaj Finance cumulative FD is as follows:

  Investor category FD amount Investment tenure Applicable interest rate for cumulative interest Total interest payout
Scenario 1 Customers below 60 years 2 crore 60 months 8.05% p.a.  Rs. 94,54,649
Scenario 2 Senior citizens 2 crore 60 months 8.30% p.a.  Rs. 97,96,982

2. Non-Cumulative FD

As mentioned, to fulfil your everyday financial needs with monthly interest payouts, you can choose non-cumulative FD. Following are the different scenarios for FD monthly interest:

  Investor category FD amount Investment tenure Applicable interest rate for monthly interest payout Total interest payout
Scenario 1 Customers below 60 years 2 crore 60 months 7.77% p.a. Rs. 77,70,000
Scenario 2
Senior citizens 2 crore 60 months 8.00% p.a.  Rs. 80,00,000

The Eligibility Criteria for Investing in a 2 Crore FD

  • Resident Indians
  • Sole proprietorships
  • Partnership firms and companies
  • Hindu Undivided Families (HUFs)
  • Clubs, associations, societies, and family trust

The Documents that you Need For Rs 2 Crore Fixed Deposit

  • PAN Card
  • KYC Documents – Aadhar card/ Passport/ Driving license/ Voter ID.

How to invest in a fixed deposit

Video Image 01:07

A step-by-step guide to invest in a fixed deposit

1. Click on ‘Open FD' at the top of this page to open our online application form.
2. Enter your 10-digit mobile number and verify the OTP sent to your phone.
3. Fill in the investment amount, choose the investment tenure and the payout frequency. Enter your PAN card and date of birth.
4. Complete your KYC: If you are an existing customer, confirm the details available with us, or edit to make any changes. For new customers, complete your KYC using Aadhaar.
5. A declaration will be displayed. Please read it carefully and agree to the terms and conditions. Enter your bank details and proceed to pay.
6. Complete your investment using NetBanking/ UPI or NEFT/ RTGS.

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

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Rules Of Fixed Deposit Interest & Income Tax (2022-23)

FD interest is taxable in the hands of investors under the head of 'Income from Other Sources'.

Fixed deposit interest is completely taxed. Add it to your overall income to be taxed at the appropriate slab rates. It must be included in your Income Tax Return under the heading "Income from Other Sources."

When banks credit interest to your account, they deduct tax at source. The tax is deducted if the amount of interest exceeds Rs. 40,000 for anyone who is below 60 years of age and Rs. 50,000 for senior citizens.

It is important to keep in mind that the TDS is taken out when interest is credited rather than when the FD matures. So, banks must deduct TDS at the end of each year if you have an FD for three years.


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.