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.

Deposit Amount

Interest Rate

Tenure

Months

Interest Payout

At Maturity
At Maturity
Monthly
Quaterly
Half Yearly
Yearly

Invest Amount

Interest Rate

Total Interest Amount

Total Payout Principal + Interest

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Monthly Interest Income for an FD 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.

Monthly Interest Payout for an FD of ₹3 Crores from Different Banks/NBFCs

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

Bajaj Finance Ltd.

8.10%

₹2,02,500

8.35%

₹2,08,750

PNB Housing Finance Ltd.

7.65%

₹1,91,250

7.85%

₹1,96,250

Mahindra Finance Ltd.

8.10%

₹2,02,500

8.35%

₹2,08,750

LIC Housing Finance Ltd

7.50%

₹1,87,500

7.50%

₹1,87,500

Shriram Finance

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

YES Bank 

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.

Disclaimer

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of 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. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products. 

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Frequently Asked Questions

What are the tax implications on the interest earned from a fixed deposit of ₹3 Crores?

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.

How can I calculate the monthly interest on an FD of ₹3 Crores?

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.

What documents are required to open an FD account with a deposit of ₹3 Crores?

The documents typically required for opening an FD account include a PAN card, KYC documents, and passport-size photographs.

What is the potential monthly interest on a fixed deposit of ₹3 Crores?

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.

Are there any penalties for premature withdrawal of an FD of ₹3 Crores with monthly interest payouts?

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.

Can I reinvest the monthly interest earned from my FD of ₹3 Crores?

Yes. Some issuers allow you to automatically reinvest the interest earned from an FD into another, providing a convenient way to maximise returns.

What are the benefits of opting for monthly interest payouts on an FD of ₹3 Crores?

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.

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