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Monthly Interest for Rs.1 Lakh Fixed Deposit


The Scenario of Fixed Deposit in India

The assurance of high returns and the risk-averse characteristic of the fixed deposit, make it a favored choice of investment among the Indian population. The FD interest rate offered by financial institutions in the country ranges from 4% to 9%. These rates vary, depending on the tenor of the investment. The maximum amount which can be locked in the fixed deposit scheme lies at the discretion of the financial institution.

The rising financial knowledge among the Indian population has caused people from across age groups to research investment options. Teenagers especially are showing a keen interest in investment options. With the advent of technology, teenagers have greatly benefited from the online educational material and have gained financial knowledge. For teenagers, it is important to understand the importance of fixed deposit investment and the effect of compounding. The earlier they can start, the more they will be able to earn.

Fixed Deposit Interest Rate

An investment in a fixed deposit instrument offers a higher rate of interest as compared to a regular savings account. Hence, a monthly interest for Rs. 1 lakh fixed deposit will yield you higher benefits as compared to the Rs. 1 lakh sitting in your savings account. The investor needs to lock in his or her money in a fixed deposit account with a banking or a non-banking financial company (NBFC), for a pre-decided tenor. This tenor can range from 1 month to 5 years, based on the choice of the investor.

The account holder can choose to avail the interest rate on fixed deposits over regular intervals such as yearly, quarterly, monthly, fortnightly, or upon maturity. For instance, if an investor has opted for monthly interest on fixed deposit or monthly payout FD, he or she will receive a monthly income on his or her fixed deposit. Fixed deposit schemes such as these are often offered by banks, NBFCs, credit unions, and building societies.

Shriram Finance offers attractive monthly interest for Rs. 1 lakh fixed deposit. Shriram Finance provides all fixed deposit account holders with a lucrative interest rate of up to 9.20%* p.a. which is inclusive of the additional interest benefit of 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors. With a stable return and high-interest rate, it becomes very easy for an investor to achieve financial security. Shriram Finance has been accredited with stability, making its fixed deposit investment options suitable to help investors grow their savings.

FD Calculator: Returns and Interest rates

FD calculator considers the interest rate and assists you in calculating the value of your investment at its maturity. The value of the investment at maturity often depends on the interest rate, duration of the deposit, and the amount of investment. Opting for monthly payout FD or monthly interest on fixed deposit, or quarterly payout can also significantly affect the end value of your investment.

While using an FD calculator, you will have to enter the date of opening, the tenor of the fixed deposit, and the amount of investment. Thereafter, you have to choose the payout frequency. While opting for quarterly monthly payout FD, the duration has to be entered in years, months, or days. When you are done adding the aforementioned information, you then have to enter the rate of interest, at which the fixed deposit has been availed.

On submitting all the required information, the FD calculator will depict the value of your investment at maturity. Based on the date of your investment, the FD calculator will also depict the date of your investment’s maturity. The calculator also shows the interest earned and investment amount separately for your perusal.

The FD calculator employs a compounding formula to arrive at the maturity value of your investment. The maturity value often depends on the compounding, which can occur annually, half-yearly, quarterly, or monthly. Hence, it is important to examine the document thoroughly to understand the offerings of the financial institution, and what benefits you will be entitled to from your fixed deposit investment.


Even though fixed deposit investment is considered to be a safe and sound option as compared to mutual funds and equity investments, one should thoroughly read and understand the fixed deposit documents. Carrying out this step will ensure to take an informed decision and reap significant benefits on your investments. Shriram Finance Fixed Deposit addresses all the concerns of the investor and offers one of the highest interest rates on fixed deposits. This also ensures the safety of your investment and acknowledge by ICRA with highest rating of MAA+ with Stable Outlook. The Shriram Finance Fixed Deposit can be opened online which ensures ease of business and in current situation ensures the safety of our valued customers.

Shriram completes 50 years of service!

To mark this momentous occasion, we have launched Shriram Jubilee Deposit - a 50-month investment scheme.
Invest now and earn up to 9.20%* p.a. (including 0.50%* p.a. for Senior Citizens and 0.10%* p.a. for Women)

Book a Fixed Deposit & get attractive/ high returns