Looking to earn a stable monthly income and save taxes at the same time? For investors in India, especially those nearing retirement or planning long-term finances, this is a common yet critical goal. The good news: certain schemes offer regular income and tax deductions under Section 80C of the Income Tax Act.
But here’s what most people don’t realize—you don’t have to settle for low returns or lock in your money for decades. With smart planning, you can start earning predictable monthly income and enjoy tax benefits—without complicating your financial life.
What is Section 80C and why it matters
Section 80C allows you to claim up to ₹1.5 lakh in tax deductions per financial year on eligible investments. Whether you're preparing for retirement or looking to optimise tax outgo on your current income, it’s one of the most powerful tools available to salaried individuals and senior citizens alike.
But the trick lies in choosing the right investment—something that offers monthly returns, capital safety, and tax efficiency.
Monthly Income + Wealth Building = Bajaj Finance Fixed Deposit
Let’s start with one of the most practical and rewarding choices you can make today: a Bajaj Finance Fixed Deposit.
Here’s why thousands of Indian investors—including working professionals and retirees—are choosing this over other traditional options:
● Monthly Payout Option: Choose to receive interest every month—ideal if you want income right from month one.
● Assured Returns, No Surprises: Get up to 8.60% p.a. That’s one of the highest FD rates offered by any AAA-rated NBFC in India.
● Flexible Tenure: Choose any tenure between 12 and 60 months. Plan short-term, mid-term, or long-term income with complete control.
● High Safety Ratings: CRISIL AAA/STABLE and ICRA MAAA ratings ensure your money is in good hands.
Open FD Account today to lock in high returns and start earning monthly interest without market volatility.
Other monthly income schemes offering tax benefits
While a Bajaj Finance FD is the most accessible and rewarding choice for most investors, here are a few other options that offer tax benefits under Section 80C.
1. Public Provident Fund (PPF) – Long-Term Wealth, Not Monthly Income
The PPF is a government-backed scheme ideal for long-term capital preservation.
● Tenure: 15 years minimum
● Interest: Around 7.1% p.a., compounded annually
● Tax Benefits: Up to ₹1.5 lakh under Section 80C
● No Monthly Income: You can only withdraw after a lock-in period, making it more of a future savings tool
PPF is great for tax-free long-term growth—but not if you need income today. In contrast, Bajaj Finance FD gives you monthly/Quarterly/Half-yearly/Yearly/At Maturity payouts right from the first month, along with the same tax benefits.
Check fixed deposit interest rate to compare and see how much more you can earn annually.
2. National Pension System (NPS) – Long-Term Retirement Planning
The NPS is a market-linked retirement solution with flexible contribution options and dual tax benefits.
● Tax Saving: ₹1.5 lakh under Section 80C + ₹50,000 under Section 80CCD(1B)
● Monthly Income: After retirement, part of your corpus goes into an annuity
● Returns: Depends on fund performance; equity exposure introduces volatility
NPS works best for long-term planning, but if you’re looking for assured monthly income without market dependency, a Bajaj Finance FD could be a better fit—especially if you’re already retired or close to it.
3. Senior Citizens Savings Scheme (SCSS) – Fixed Returns for Retirees
This scheme is designed specifically for individuals aged 60 and above.
● Interest: 8.2% p.a.
● Tenure: 5 years
● Section 80C Eligible
● Where to Invest: Post offices and select banks
While SCSS offers monthly income, its availability is restricted by age and branch network. In contrast, Bajaj Finance FD is open to everyone, can be opened online in minutes, and offers equally high returns with greater flexibility.
Check Eligibility and open a Bajaj Finance FD in just a few clicks.
Side-by-Side Comparison: Monthly Income + Tax Saving Schemes (2025)
| Scheme | Interest Rate | Monthly Income Option | Section 80C Tax Benefit | Lock-in / Tenure |
|---|---|---|---|---|
| Bajaj Finance Fixed Deposit | Up to 8.60% p.a. | Yes | No | Depends on tenure but premature withdrawal available |
| PPF | 7.1% p.a. | No | Yes | 15 years |
| NPS | Market-linked | After retirement | Yes + ?50,000 extra | Till age 60 |
| SCSS | 8.2% p.a. | Yes | Yes | 5 years |
Why Bajaj Finance FD Stands Out
If you're looking for an investment that offers monthly income and high interest rates, a Bajaj Finance Fixed Deposit checks every box. Unlike other options, you don’t have to wait for years to start receiving income or worry about market performance.
● Earn interest from day one
● Lock in high rates
● Enjoy complete control over your tenure
Open FD today and start building your monthly income stream—with zero risk and full peace of mind.