Under this, some banks are offering the facility only on regular FDs, whereas in some banks there is a separate FD for this. Money in the monthly income FD comes to the depositor's Savings Account every month. Also in this option Features like nomination, preemptive withdrawal, loan, overdraft. However, the interest credited to taking a monthly income option is slightly below the simple interest on the FD. Let's tell you about the banks, who are offering you the facility to earn FD's interest monthly.