Monthly Interest on a ₹3 Crore Fixed Deposit

Investing in a ₹3 Crore Fixed Deposit (FD) could be beneficial for those looking to increase their monthly liquidity. The monthly interest on a ₹3 Crore FD could help you manage recurring expenses more efficiently. This could also act as passive income for those relying on fixed monthly income schemes. 

 

For example, with a 7% p.a. interest rate on an FD of ₹3 Crores for 5 years, you could earn as much as ₹1.75 Lakhs each month. Similarly, if you book an FD for the same amount and same tenure at a rate of 9.50%, your monthly earnings will be ₹2.3 Lakhs. So, always compare different rates before finalising an FD scheme.

 

Hence, compare different FD interest rates for ₹3 Crores before you plan your investment.

Check out the ₹3 Crore fixed deposit interest per month for a 5-year tenure that you stand to earn at various rates:

Note: The monthly interest payouts mentioned here are indicative. Your actual returns will vary depending on the bank or NBFC's policies.

Interest rates vary across different banks and NBFCs, so comparing them before booking a fixed deposit is essential. The table below shows the ₹3 Crore FD interest per month booked for 5 years for 2025:

Note: The above rates are valid as of June 2024 and subject to change at the discretion of the bank or NBFC.

Here's a table outlining the maturity amounts for a ₹3 Crore fixed deposit at an interest rate of 7.50% p.a. for various tenures:

Note: The above-mentioned rates are subject to change at the bank or NBFC's discretion.

Non-resident Indians (NRIs) can invest their savings in fixed deposits through Non-resident External (NRE) and Non-resident Ordinary (NRO) accounts. Listed below are the interest rates for NRE and NRO FDs of ₹3 Crores: 

Note: The above-mentioned rates are subject to change at the bank or NBFC's discretion.

You can utilise an FD calculator to compute the ₹3 Crore fixed deposit interest per month. All you need to do is enter the following details:

• The principal amount

• The interest rate

• The investment tenure

Maturity Amount Calculation Example

Assume you invested in a ₹3 Crore fixed deposit with an interest rate of 7.50% p.a. for a period of 5 years (60 months). Here’s how you can manually calculate the monthly interest earned:

• Monthly Interest Earned = Principal × Interest Rate / 12

• Monthly Interest Earned = ₹3,00,00,000 × 7.50% / 12

• Monthly Interest Earned = ₹22,50,000 / 12

• Monthly Interest Earned = ₹1,87,500

 

The ₹3 Crore FD interest per month at 7.50% p.a. would be ₹1,87,500

 

Total Interest Earned Upon Maturity

• Total Interest Earned = Monthly Interest × Number of Months

• Total Interest Earned = ₹1,87,500 × 60

• Total Interest Earned = ₹1,12,50,000

 

The total interest accumulated over the 5-year tenure would amount to ₹1,12,50,000, and the monthly interest on a ₹3 Crore FD would be ₹1,87,500.

Banks and NBFCs allow premature withdrawal from a ₹3 Crore fixed deposit, but this often comes with certain penalties. Typically, the monthly interest on a ₹3 Crore FD offered on your investment will be reduced if you withdraw before the maturity period. Additionally, many banks and NBFCs may also impose a small penalty fee on the total amount withdrawn, impacting your overall returns.

FD Premature Withdrawal Example

Let’s assume you invest ₹3 Crores in a fixed deposit at an interest rate of 7.50% p.a. for 5 years but decide to withdraw it prematurely after 1 year. The interest rate for the 1-year period would drop to 6.50% p.a. After applying a 1% penalty, the final interest rate reduces to 5.50% p.a., which significantly lowers your returns.

Checking the tax obligations as per your potential earnings is a smart financial habit while investing. Here are a few things you need to know before investing in a ₹3 Crore fixed deposit:

• If your income exceeds ₹40,000 in a year, bank or NBFCs deduct TDS (Tax Deducted at Source)

• TDS is also deducted for senior citizens if the interest earnings go beyond ₹50,000 in a year

• TDS is deducted at 10% if you have provided your PAN details

• If PAN details have not been submitted, TDS is deducted at 20%

• Forms 15H or 15G allow you to avoid TDS if your income falls under the taxable bracket

• You can claim tax deductions of up to ₹1.5 Lakhs in a financial year by investing in tax-saver FDs u/s 80C of the Income Tax Act, 1961

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.