{"id":3115,"date":"2018-04-19T17:18:10","date_gmt":"2018-04-19T11:48:10","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=3115"},"modified":"2018-07-05T15:27:12","modified_gmt":"2018-07-05T09:57:12","slug":"interest-rates-monthly-income-fd-schemes","status":"publish","type":"page","link":"https:\/\/www.antworksmoney.com\/blog\/interest-rates-monthly-income-fd-schemes\/","title":{"rendered":"Interest rates on Monthly Income FD Schemes"},"content":{"rendered":"

Fixed Deposit (FD) monthly income schemes are an ideal option for those who want to earn a regular fixed income on a monthly basis.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
Top banks monthly income FD interest rates<\/th>\n<\/tr>\n
Bank<\/th>\nInterest rate<\/th>\nTenure range<\/th>\n<\/tr>\n<\/thead>\n
Kotak Mahindra Bank<\/td>\n6.80%<\/td>\n365 days to 389 days<\/td>\n<\/tr>\n
Union Bank of India<\/td>\n6.75%<\/td>\n10 months to 14 months<\/td>\n<\/tr>\n
Federal Bank<\/td>\n6.70%<\/td>\n1 year<\/td>\n<\/tr>\n
Allahabad Bank<\/td>\n6.50%<\/td>\n1 year to less than 2 years<\/td>\n<\/tr>\n
Bank of Baroda<\/td>\n6.45%<\/td>\n1 year<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

*Interest rates are subject to change and can be revised without prior notice<\/p>\n

\n\n\n\n\n\n\n\n\n\n
Top banks monthly income FD interest rates for senior citizens<\/th>\n<\/tr>\n
Bank<\/th>\nInterest rate<\/th>\nTenure range<\/th>\n<\/tr>\n<\/thead>\n
IDFC Bank<\/td>\n8%<\/td>\n366 days<\/td>\n<\/tr>\n
Union Bank of India<\/td>\n7.25%<\/td>\n10 months to 14 months<\/td>\n<\/tr>\n
Federal Bank<\/td>\n7.20%<\/td>\n1 year<\/td>\n<\/tr>\n
Kotak Mahindra Bank<\/td>\n6.98%<\/td>\n365 days to 389 days<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Key benefits and features of monthly income FD scheme<\/h2>\n

While the features of these accounts can vary from one bank to another, a general set of features that you may see with these accounts are:<\/p>\n