Monthly Interest Payout on a ₹30 Crore Fixed Deposit

When you book a 5-year fixed deposit of ₹30 Crores, you could get monthly payouts ranging from ₹15,00,000 to ₹25,00,000. This amount depends on the fixed deposit interest rate. 

 

For example, at an interest rate of 6% p.a., the ₹30 Crore FD interest per month would be ₹15 Lakhs, while at 10% p.a., it would be ₹25 Lakhs. However, in case you booked your deposit for a different tenure, the payout amount may be different.

 

Make sure you compare the fixed deposit interest rates and check for special tenure facilities, if any, before you invest.

Here is a table that shows the effect of interest rate on your ₹30 Crore FD interest per month. Note that these returns are for 5 years. 

Here’s a table to help you compare the interest rates offered by different bank or NBFCs for a tenure of 5 years: 

You can calculate your ₹30 Crore FD interest per month  using an FD calculator. You only need to input the following details:

• Investment amount

• Tenure

• Interest rate

• Payout frequency

Maturity Amount Calculation Example

Assume you invested ₹30 Crores in an FD with an interest rate of 8.30% p.a. for a period of 3 years (36 months).

• Monthly Interest Earned = Principal × Interest Rate / 12

• Monthly Interest Earned = ₹30,00,00,000 × 8.30% / 12

• Monthly Interest Earned = ₹30,00,00,000 x 0.083

• Monthly Interest Earned = ₹20,75,000

 

So, the ₹30 Crore FD interest per month  at 8.30% p.a. would be ₹20,75,000

 

Interest Earned Upon Maturity

• Interest Earned On Maturity = Principal × Interest Rate × Time (in years) / 100

• Interest Earned on Maturity = ₹30,00,00,000 × 8.30 × 3 / 100

• Interest Earned on Maturity = ₹7,47,00,000

 

The total interest accumulated over the 3-year period would amount to ₹7,47,00,000, with a monthly interest payout of ₹20,75,000

 

Note: Check whether the bank or NBFC uses a simple or compound interest formula to get an accurate estimate. 

When you invest in a fixed deposit, your funds are locked in for a set tenure. If you need to withdraw early due to an emergency, a penalty usually applies. This penalty often includes a reduced interest rate for the investment period and a flat fee on the withdrawn amount, which can lower your overall returns.

FD Premature Withdrawal Example

You invest ₹8 Crores in an FD for a 3-year term at an interest rate of 8.30% p.a. However, if you withdraw the funds after just 1 year, the interest rate is reduced to 7.30% p.a. Additionally, a 1% penalty for early withdrawal further lowers the final interest rate to 6.30% p.a., resulting in returns that are lower than expected.

The ₹30 Crore FD interest per month  is subject to both TDS and income tax. Here are the important points to know:

• 10% TDS is applicable over the exemption limit of ₹40,000 for regular citizens and ₹50,000 for senior citizens

• If you have not presented a PAN card, a TDS rate of 20% is applicable 

• No TDS will apply if your total taxable income is under the tax exemption limit 

• The annual interest will be added to your taxable income and taxed as per the slab rate

 

To avoid high taxation, you could invest in a tax-saver FD. Investments in these instruments are eligible for deductions of up to ₹1.5 Lakhs u/s 80C of the Income Tax Act, 1961. Note that they have a fixed tenure of 5 years and you cannot withdraw funds before maturity.

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.