Investing ₹3 Crores in a fixed deposit is a prudent strategy for risk-averse investors seeking stability and assured returns. This substantial sum, when placed in a secure and stable tool like an FD, ensures capital preservation and offers a predictable income stream.
It secures the principal and offers steady growth, appealing to those prioritising capital protection over high-risk investments. To get started with a fixed deposit, first, compare the interest rates offered by different FD issuers in the market for your preferred tenor.
By investing ₹3 Crores in an FD for a 5-year tenor, here’s the potential monthly interest income you could earn through the below-listed issuers:
Bank/NBFC/HFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
Bajaj Finance Ltd. |
8.05% |
₹2,01,250 |
8.30% |
₹2,07,500 |
PNB Housing Finance Ltd. |
7.65% |
₹1,91,250 |
7.95% |
₹1,98,750 |
Mahindra Finance Ltd. |
8.05% |
₹2,01,250 |
8.30% |
₹2,07,500 |
LIC Housing Finance |
7.75% |
₹1,93,750 |
8.00% |
₹2,00,000 |
Shriram Finance |
8.27% |
₹2,06,750 |
8.77% |
₹2,19,250 |
AU Small Finance Bank |
7.25% |
₹1,81,250 |
7.75% |
₹1,93,750 |
ICICI Bank |
7.00% |
₹1,75,000 |
7.50% |
₹1,87,500 |
HDFC Bank |
7.00% |
₹1,75,000 |
7.50% |
₹1,87,500 |
IDFC First Bank |
7.00% |
₹1,75,000 |
7.50% |
₹1,87,500 |
Axis Bank |
7.00% |
₹1,75,000 |
7.75% |
₹1,93,750 |
IndusInd Bank |
7.25% |
₹1,81,250 |
7.75% |
₹1,93,750 |
YES Bank |
7.25% |
₹1,81,250 |
8.00% |
₹2,00,000 |
Jana Small Finance Bank |
7.25% |
₹1,81,250 |
7.75% |
₹1,93,750 |
Kotak Mahindra Bank |
6.25% |
₹1,56,250 |
6.75% |
₹1,68,750 |
*Disclaimer: The above interest rates are subject to change as per the issuer’s discretion.
Here’s a look at the monthly interest income you may receive upon investing ₹3 Crores in an FD for 5 years at different interest 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 |
Now that you know the potential returns you could earn by investing a sum like ₹3 Crores, consider booking an FD today 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 on Your Fixed Deposits |
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As per Section 194A of the Income Tax Act, you are required to pay a TDS at the rate of 10%. However, TDS is applicable only if your interest income exceeds ₹40,000 in a year. Moreover, senior citizens have to pay the same rate of TDS on interest income above ₹50,000.
You can use an FD interest calculator to determine your earnings as monthly interest on ₹3 Crores. These online tools help you determine the ₹3 Crore FD interest per month along with the total amount you will receive at maturity.
In order to open an FD account with a bank or NBFC, you will need to submit some documents to them. These include PAN cards, KYC documents, proof of identity, and photographs.
The monthly interest on a ₹3 Crore FD may vary depending on your lender and the tenor you choose. However, for a tenor of 1 year at an interest rate of 7.25%, you can earn ₹1,81,250 per month.