{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/fixed-deposit\/monthly-interest-rates-10-lakh-fd\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/fixed-deposit\/monthly-interest-rates-10-lakh-fd\/","headline":"Monthly Interest Rates for a \u20b910 Lakh Fixed Deposit (FD)","name":"Monthly Interest Rates for a \u20b910 Lakh Fixed Deposit (FD)","description":"Investing \u20b910 lakh is a significant financial move. By placing this amount in a Fixed Deposit (FD), you ensure the principal’s full safety while earning high interest rates. What makes these investments even more attractive are the flexible payout options offered by IndusInd Bank Fixed Deposits. This means you can choose to receive monthly interest...","datePublished":"2024-09-26","dateModified":"2024-09-26","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind_bank_pfx_team_indperformics-com\/#Person","name":"CONVONIX Antony","url":"https:\/\/www.indusind.com\/iblogs\/author\/indusind_bank_pfx_team_indperformics-com\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/7d15b864167d3868c12ffdda340cc1c9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7d15b864167d3868c12ffdda340cc1c9?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/Monthly-Interest-Rates-for-Rs.-10-Lakh-on-Fixed-Deposit-FD.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/Monthly-Interest-Rates-for-Rs.-10-Lakh-on-Fixed-Deposit-FD.jpg","height":288,"width":764},"url":"https:\/\/www.indusind.com\/iblogs\/fixed-deposit\/monthly-interest-rates-10-lakh-fd\/","about":["Fixed Deposit"],"wordCount":1022,"keywords":["fixed deposit","fixed deposit interest rates"],"articleBody":"Investing \u20b910 lakh is a significant financial move. By placing this amount in a Fixed Deposit (FD), you ensure the principal’s full safety while earning high interest rates. What makes these investments even more attractive are the flexible payout options offered by IndusInd Bank Fixed Deposits. This means you can choose to receive monthly interest payouts and get a regular income stream to manage various expenses and long-term goals.Let’s explore how much you can earn through monthly interest rates when you deposit \u20b910 lakh in a fixed deposit for different tenures.\u20b910 Lakh FD Interest per Month for 1, 5, 10 YearsWhen you invest \u20b910 lakh in an FD, the interest you earn each month can vary significantly based on the tenure you choose. Banks often provide higher rates for longer tenures, which allows you to maximise the returns over time. For instance, a 1-year FD might offer an interest rate of 5.75% p.a., while the rates could increase to 6.5% for 5 years and 7% for 10 years. Let\u2019s input these rates into an FD rates calculator to find out the monthly earnings for tenures of 1, 5, and 10 years.1-year tenureWith a 5.75% interest rate p.a., the \u20b910 lakh deposit interest per month would be approximately \u20b94,791.5-year tenureIf the interest rate increases to 6.5% for a 5-year term, the monthly interest would amount to \u20b95,387.10-year tenureSimilarly, for a 10-year period at a 7% interest rate, the monthly earnings would be \u20b95,799.Also Read: Apply for a Fixed Deposit Online: Streamlining the ProcessHow Can a \u20b910 Lakh FD Transform Your Finances?The interest you get every month from such a large amount offers different financial benefits, including:Regular Income StreamBy receiving FD interest for \u20b910 lakh on a monthly basis, you can cover essential monthly expenses like groceries, utilities, rent, and other household needs. For retirees, this consistent income can partially replace a salary and offer peace of mind in their golden years.Financial IndependenceA steady monthly income from an FD can help you maintain financial independence. You won’t need to rely on others for financial support for your day-to-day expenses. This is especially empowering for retirees or others who have fluctuating incomes.Emergency Fund AvailabilityHaving a monthly payout option means that you have funds readily available for emergencies. Whether it\u2019s a medical emergency, unplanned travel, or urgent repairs, this regular stream of interest income can help you handle unforeseen expenses without having to liquidate your principal investment.More Savings Through Higher RatesThe monthly payout you receive depends directly on the interest rate offered by the bank. Thus, it makes sense to deposit your \u20b910 lakh with IndusInd Bank, which offers best-in-class FD rates to boost your savings. You can book an FD online with a 100% digital process from the comfort of your home. Take advantage of maximum convenience, security, and growth by booking today.Long-Term Wealth AccumulationMonthly interest payouts can contribute to long-term wealth accumulation if used strategically. For example, you can invest these earnings into other investment vehicles that allow for compounding, such as a new fixed deposit with a cumulative option. Moreover, using this income to pay debt can boost your financial health and simplify reaching your long-term financial goals.Key TakeawaysInvesting \u20b910 lakh in an FD can generate a regular monthly income, which can offer you much-needed financial security. You can use the amount to cover routine expenses, handle emergencies, or even supplement your retirement income.Make sure to choose IndusInd Bank Fixed Deposits to invest your hard-earned money. Benefit from attractive interest rates, hassle-free instant online booking, flexible tenure, and multiple payout options. Apply now!Disclaimer:The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.Share This:"}