If you have excess funds available and want to park it in a Fixed Deposit (FD), it’s best to determine your potential returns first. Depositing even a small sum of ₹50,000 could fetch significant returns over a course of time with attractive interest rates being offered by various financial institutions.
Find out more about the applicable interest rates offered by multiple issuers before you start your investment journey.
Monthly Interest Payout on ₹50,000 Fixed Deposit
The monthly interest on FDs generally ranges between 6.00% p.a and 10.00% p.a. The table below shows an estimate of the monthly interest you would earn on a ₹50,000 fixed deposit with a tenor of 5 years -
Deposit Amount | Interest Rate (p.a.) | Monthly Interest Payout |
₹50,000 | 6.00% | ₹250 |
₹50,000 | 6.50% | ₹271 |
₹50,000 | 7.00% | ₹292 |
₹50,000 | 7.50% | ₹313 |
₹50,000 | 8.00% | ₹333 |
₹50,000 | 8.50% | ₹354 |
₹50,000 | 9.00% | ₹375 |
₹50,000 | 9.50% | ₹396 |
₹50,000 | 10.00% | ₹417 |
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Issuer | Type | Interest Rate for Non-Senior Citizen | Monthly Interest Amount | Total Payout at Maturity |
Bajaj Finance Ltd. | NBFC | 8.05% p.a | ₹ 324 | ₹ 72,687 |
PNB Housing Finance Ltd. | NBFC | 7.50% p.a. | ₹ 302 | ₹ 70,950 |
Mahindra Finance Ltd. | NBFC | 8.05% p.a. | ₹ 313 | ₹ 71,787 |
AU Small Finance Bank | Bank | 7.25% p.a. | ₹ 360 | ₹ 71,613 |
YES Bank | Bank | 7.25% p.a. | ₹ 360 | ₹ 71,613 |
*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.
Issuer | Type | Interest Rate for Senior Citizen | Monthly Interest Amount | Total Payout at Maturity |
Bajaj Finance Ltd. | NBFC | 8.30% p.a. | ₹ 333 | ₹ 73,466 |
PNB Housing Finance Ltd. | NBFC | 7.75% p.a. | ₹ 313 | ₹ 71,781 |
Mahindra Finance Ltd. | NBFC | 8.30% p.a. | ₹ 323 | ₹ 72,620 |
AU Small Finance Bank | Bank | 7.75% p.a. | ₹ 390 | ₹ 73,392 |
YES Bank | Bank | 8.00% p.a. | ₹ 404 | ₹ 74,297 |
*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.
Other Issuers
Issuer | Type | Interest Rate for Non-Senior Citizen | Monthly Interest Amount | Total Payout at Maturity |
ICICI Bank | Bank | 6.75% p.a | ₹ 281 | ₹ 69,312 |
HDFC Bank | Bank | 7.00% p.a | ₹ 292 | ₹ 70,128 |
IDFC First Bank | Bank | 7.00% p.a | ₹ 292 | ₹ 70,128 |
Axis Bank | Bank | 7.00% p.a | ₹ 292 | ₹ 70,128 |
IndusInd Bank | Bank | 7.25% p.a | ₹ 302 | ₹ 70,951 |
Jana Small Finance Bank | Bank | 6.00% p.a | ₹ 250 | ₹ 66,911 |
Kotak Mahindra Bank | Bank | 6.25% p.a | ₹ 260 | ₹ 67,704 |
Muthoot Finance | NBFC | 7.00% p.a | ₹ 292 | ₹ 70,128 |
LIC Housing Finance | NBFC | 7.75% p.a | ₹ 323 | ₹ 72,620 |
Shriram Finance | NBFC | 8.18% p.a | ₹ 341 | ₹ 74,081 |
*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.
Issuer | Type | Interest Rate for Senior Citizen | Monthly Interest Amount | Total Payout at Maturity |
ICICI Bank | Bank | 6.75% p.a | ₹ 281 | ₹ 69,312 |
HDFC Bank | Bank | 7.50% p.a | ₹ 313 | ₹ 71,781 |
IDFC First Bank | Bank | 7.50% p.a | ₹ 313 | ₹ 71,781 |
Axis Bank | Bank | 7.75% p.a | ₹ 323 | ₹ 72,620 |
IndusInd Bank | Bank | 7.75% p.a | ₹ 323 | ₹ 72,620 |
Jana Small Finance Bank | Bank | 6.50% p.a | ₹ 271 | ₹ 68,504 |
Kotak Mahindra Bank | Bank | 6.25% p.a | ₹ 260 | ₹ 67,704 |
Muthoot Finance | NBFC | 7.25% p.a | ₹ 302 | ₹ 70,951 |
LIC Housing Finance | NBFC | 8.00% p.a | ₹ 333 | ₹ 73,466 |
Shriram Finance | NBFC | 8.68% p.a | ₹ 362 | ₹ 75,809 |
*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.
Since these rates may vary, it's best to check the interest rates on the issuer’s website before opting for an FD. With this enhanced knowledge of your potential earnings via FDs, consider shifting your idle surplus to these secure, savings tools.
Check the Monthly Interest Rate on your Fixed Deposits | ||
Monthly Interest on ₹1 Lakh FD | Monthly Interest on ₹2 Lakh FD | Monthly Interest on ₹5 Lakh FD |
Monthly Interest on ₹10 Lakh FD | Monthly Interest on ₹20 Lakh FD | Monthly Interest on ₹30 Lakh FD |
Monthly Interest on ₹50 Lakh FD | Monthly Interest on ₹1 Crore FD | Monthly Interest on ₹5 Crore FD |
Disclaimer
The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circ*mstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsem*nt of any sort.
The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.
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Frequently Asked Questions
You can calculate the interest on ₹50,000 by using the simple formula for calculating simple interest is:
(P x r x t) ÷ 100.
(P x r x t) ÷ (100 x 12)
FV = P x (1 + (r x t))
Example 1 : If you invest ₹50,000 in a fixed deposit account for a period of 1 year at an interest rate of 8%, then the simple interest earned will be:
(50,000 x 8 x 1) ÷ 100 = Rs.4,000
The interest you will receive at the end of the 1-year term period will be Rs.4,000. Therefore, the maturity amount of the 1-year fixed deposit on ₹50,000 will be ₹54,000.
I'm quite familiar with fixed deposits and interest rates, having delved into various financial products and their intricacies. The article you shared delves into the nuances of fixed deposits, emphasizing the importance of examining interest rates across different financial institutions before investing. It provides a comprehensive breakdown of potential returns on a ₹50,000 fixed deposit over five years, demonstrating how interest rates impact monthly payouts and total maturity amounts.
It's crucial to note that these rates can vary between institutions and for different types of depositors, such as senior citizens and non-senior citizens. For instance, the article illustrates how rates differ for NBFCs (Non-Banking Financial Companies) and traditional banks, showcasing varying interest rates for different deposit amounts and deposit tenures.
Moreover, the piece mentions a formula for calculating simple interest to estimate returns accurately. This formula, (P x r x t) ÷ 100, helps determine interest earned based on the principal amount (P), interest rate (r), and time (t) the amount is invested for.
The article is extensive, categorizing various financial institutions and their offered rates for both senior citizens and non-senior citizens. It also provides examples to help readers understand how to compute interest and eventual maturity amounts for their fixed deposit investments.
If you're considering a fixed deposit, it's vital to keep track of these dynamic rates, ensuring you get the best returns for your investment. Remember, while fixed deposits offer security, always conduct thorough research and possibly consult a financial advisor before making any investment decisions.