10 Lakh FD: Calculate Monthly Income Based on Interest Rates

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For those seeking regular income and secure investment, a FD of ₹10 lakh can be a good option. The monthly income from such an FD depends directly on the bank's interest rate. With a 6% interest rate, you can earn ₹5,000 monthly, while a 7.5% rate yields ₹6,250 per month. Small finance banks may offer up to 8% interest, resulting in approximately ₹6,667 monthly earnings. It is crucial to choose FDs with regular interest payouts for consistent monthly income, and remember that this interest income is taxable.