Which Bank Give Monthly Interest?
If you’re someone looking for regular income from savings, several banks in India offer monthly interest payouts on Fixed Deposits. When I first explored this option, I found that banks like HDFC Bank, ICICI Bank, SBI, Axis Bank, and even smaller ones like Suryoday or Jana Small Finance Bank let you choose the monthly interest payout option while booking an FD. Instead of reinvesting the interest, they credit it to your account every month. You won’t earn compound interest with this method, but the consistent monthly payout can be a real help for budgeting.