What are the benefits of opting for monthly interest payouts on an FD of ₹2 Crores?

Monthly interest payouts on a ₹2 crore fixed deposit (FD) are a great choice if you want a steady cash flow. With rates typically starting from 7% p.a., here is why picking monthly payouts is a smart choice.

• Extra Money Each Month: You get regular income without touching your ₹https://www.shriramfinance.in/fixed-deposit2 crore.
• Easier Budgeting: A fixed amount every month helps plan for bills, groceries, or even small investments.
• Keep Principal Safe: Monthly payouts mean you do not need to break the FD early, avoiding fees and keeping your ₹2 crore locked in.
• Great for Retirement: If you are retired, monthly interest acts like a salary covering daily needs.
• Use it Your Way: You can spend the monthly cash, save it, or invest it elsewhere, which gives you flexibility.
• Low-Risk Income: FDs are considered usually reliable, so your monthly payouts are steady, unlike stocks or mutual funds.