Want regular income from your savings without touching your principal every month? In this episode, Riya and Rahul explain how an FD for monthly income works and how to choose the right one.

Not every fixed deposit pays interest every month, so the payout option you select matters.

They cover the difference between cumulative and non-cumulative fixed deposits, and why payout frequency (monthly, quarterly, half-yearly or annual) can change the rate you get.

You will also learn a simple way to estimate how much to invest for a target income. For example, to receive ₹15,000 a month, work out the annual income target and divide it by the interest rate. At an illustrative 7.25%, that comes to roughly ₹24.83 lakh. Actual figures depend on the rate at the time of booking, tenure, payout option and your eligibility.

Other points in this episode: minimum deposit, tenure, premature withdrawal conditions, additional interest benefits that may apply to senior citizens and women depositors, and how tax can reduce your take-home income.

Explore fixed deposit options and check the current rate card here: https://www.shriramfinance.in/fixed-deposit

Interest rates and terms change, so check the latest details before you invest. This episode is for general information and is not financial advice.