HDFC Fixed Deposit Calculator with Monthly Payouts – Get Regular Interest
The HDFC Fixed Deposit Calculator with Monthly Payouts is a convenient tool that helps you estimate the monthly interest income from your fixed deposit with HDFC Bank. It is specially designed for individuals looking for regular returns while keeping their investment secure.
What is HDFC Monthly Payout FD?
HDFC Bank offers a monthly interest payout option for fixed deposits. Under this scheme, the interest accrued on your FD is paid out every month, while the principal remains locked until maturity. This is a great choice for pensioners, retirees, and anyone seeking consistent monthly income.
How the HDFC Monthly FD Calculator Works
To use the calculator, simply provide:
- Deposit Amount (Minimum ₹5,000)
- Tenure (6 months to 10 years)
- Annual Interest Rate (varies with tenure)
- Payout Frequency: Monthly
The calculator will show:
- Monthly Interest Earnings
- Total Interest Earned (over full tenure)
- Principal Returned on Maturity
Example
For a ₹2,50,000 FD for 3 years at an annual interest rate of 7.10%:
- Monthly Interest: ₹1,479.17
- Total Interest Over 3 Years: ₹53,250
- Maturity Value: ₹2,50,000
Why Choose HDFC FD with Monthly Payout?
- Stable and predictable income every month
- High safety and reliability with HDFC Bank
- Senior citizens get an extra 0.50% interest rate
- Flexible tenure options
Taxation on Interest
Interest earned is taxable as per your income slab. TDS is deducted if the total annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if eligible.
Conclusion
The HDFC FD Calculator with Monthly Payouts helps you understand your potential monthly earnings and make smart financial decisions. It’s a must-have tool for anyone seeking a secure investment with regular income.