FD Monthly Interest Calculator

At 7% interest rate, a ₹10 lakh FD generates approximately ₹5,833 per month (₹10,00,000 × 7% ÷ 12). The exact amount depends on the bank's rate and whether interest is calculated on a simple or compound basis.

A non-cumulative FD pays interest at regular intervals (monthly, quarterly, or annually) instead of reinvesting it. The maturity amount equals the original principal. Cumulative FDs reinvest interest for higher final returns.

Cumulative FDs earn more total interest due to compounding. Choose non-cumulative only if you need regular income. For wealth building, always choose cumulative.