Fixed deposits that give monthly income | Fusion - WeRIndia

There are various kinds of investments, some are for long term, and some are short term. Depending on the situation, the investor has to plan out how they will invest their money.

People who have retired or people who look for regular returns would prefer investment instruments which give monthly income.

These are fixed deposits which can give you a steady monthly income to make your life smoother during retirement.

DHFL Aashray Fixed Deposits

This fixed deposit gives returns with an interest rate of 8.10 for 12 months if taken on monthly interest fixed deposits.

If you invest for a tenure of 14 to 120 months, then you get an interest return of 8.35 per cent.

Bajaj Finserv

Finserv is one of the best FDs to invest it. It offers a nice monthly interest from fixed deposits. For a tenure of 12-23 months, you get an annual interest rate of 7.53 per cent and for 24-35 months tenure you get an interest rate of 7.72 per cent. The interest is 7.77 percent for a tenure of 36 months to 60 months.

The deposit has an AAA rating meaning it is highly secure.

Shriram Transport Finance

These FDs offer an interest rate of 7.49 percent on tenure of 12 months and 7.58 percent on tenure of two and three years.

The 60 month tenure gives 7.95 per cent interest rate.

Post Office FDs

The interest rate offered on these FDs is around 7.2 per cent which is lower compared to others. However, it is important to know that these FDs are by the Government of India. You cannot ask for a safer option than them.

Union Bank of India

The interest offered by Union Bank is around 7.00 to 7.25 percent. The interest rate can vary based on factors and needs to be enquired in the bank.

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