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 |
Ujjivan Small Finance Bank | Bank | 7.20% p.a | ₹ 300 | ₹70,785 |
*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 |
Ujjivan Small Finance Bank | Bank | 7.70% p.a | ₹ 321 | ₹ 72,451 |
*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
How do you calculate interest on ₹50,000?
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.