Investment Amount
Interest Rate
Total Interest Amount
Total Payout (Principal + Interest)
Investing a substantial amount like ₹3 Crores in an FD could be beneficial for those looking to increase their monthly liquidity. The monthly interest on an FD of ₹3 Crores could help you manage recurring expenses more efficiently. This could also act as passive income for those relying on fixed monthly income schemes.
You can use an FD calculator to compare interest rates across issuers before booking an FD. Enter the tenor, deposit amount and rate to compute the earnings you will receive each month when you invest in a fixed deposit of ₹3 Crores.
Here is a look at the monthly interest income you may receive upon investing ₹3 Crores in an FD for 5 years at different rates:
Deposit Amount |
Interest Rate (p.a.) |
Monthly Interest Payout |
₹3 Crores |
6.00% |
₹1,50,000 |
₹3 Crores |
6.50% |
₹1,62,500 |
₹3 Crores |
7.00% |
₹1,75,000 |
₹3 Crores |
7.50% |
₹1,87,500 |
₹3 Crores |
8.00% |
₹2,00,000 |
₹3 Crores |
8.50% |
₹2,12,500 |
₹3 Crores |
9.00% |
₹2,25,000 |
₹3 Crores |
9.50% |
₹2,37,500 |
₹3 Crores |
10.00% |
₹2,50,000 |
Note: The monthly interest payouts mentioned above are indicative in nature and will depend on the issuer’s policies.
Here is an overview of the amounts you can receive as interest per month on an FD of ₹3 Crores for a tenor of 5 years across various issuers:
Bank/NBFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
8.10% |
₹2,02,500 |
8.35% |
₹2,08,750 |
|
7.65% |
₹1,91,250 |
7.85% |
₹1,96,250 |
|
8.10% |
₹2,02,500 |
8.35% |
₹2,08,750 |
|
LIC Housing Finance Ltd |
7.50% |
₹1,87,500 |
7.50% |
₹1,87,500 |
8.47% |
₹2,11,750 |
8.97% |
₹2,24,250 |
|
ICICI Bank |
7.00% |
₹1,75,000 |
7.00% |
₹1,75,000 |
HDFC Bank |
7.00% |
₹1,75,000 |
7.50% |
₹1,87,500 |
IDFC First Bank |
7.25% |
₹1,81,250 |
7.75% |
₹1,93,750 |
Axis Bank |
7.20% |
₹1,80,000 |
7.20% |
₹1,80,000 |
IndusInd Bank |
7.10% |
₹1,77,500 |
7.70% |
₹1,92,500 |
7.25% |
₹1,81,250 |
8.00% |
₹2,00,000 |
|
Jana Small Finance Bank |
6.25% |
₹1,56,250 |
6.25% |
₹1,56,250 |
Kotak Mahindra Bank |
6.25% |
₹1,56,250 |
6.25% |
₹1,56,250 |
Note: The rates are effective as of April 2024 and are subject to change at the issuer’s discretion.
Now that you have understood how interest rates influence your monthly payouts, compare different offers and book one with the highest rates on Bajaj Markets. It’s an entirely online process, allowing you to open a fixed deposit from the comfort of your home.
Check the Monthly Interest Rate for Your Fixed Deposits |
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The information provided by BFDL is related to the rates provided by Banks and Deposit taking NBFCs as available from public domain and under no circumstances is intended to be source of advice or recommendation of any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers and use of such information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. Display of any intellectual property along with the related product information does not imply BFDL’s partnership with the owner of the intellectual property of such products and is solely for the purpose of information, unless otherwise provided by BFDL.
The monthly interest on an FD of ₹3 Cr will be subject to a 10% TDS rate under Section 194A of the Income Tax Act, 1961. TDS is applicable when the interest income exceeds ₹40,000 annually or ₹50,000 for senior citizens.
You can use an online FD interest calculator to accurately compute monthly interest on a fixed deposit of ₹3 Crores. As an alternative to manual calculations, it offers quick insights into earnings and total maturity amounts.
The documents typically required for opening an FD account include a PAN card, KYC documents, and passport-size photographs.
The monthly interest varies based on the issuer and chosen tenor. For instance, for an FD of ₹3 Crores your monthly earnings at a 7.25% p.a. interest rate over one year could amount to ₹1,81,250.
You may have to pay a penalty for withdrawing an FD investment before the maturity date. However, the specific penalty amount varies depending on the terms and conditions set by the bank/NBFC issuing the FD.
Yes. Some issuers allow you to automatically reinvest the interest earned from an FD into another, providing a convenient way to maximise returns.
Opting for interest per month on an FD of ₹3 Cr. in the form of payouts offers several benefits. It provides a regular source of income, which could be useful for meeting monthly expenses or supplementing other sources of income.