Monthly Interest on an FD of ₹30 Lakhs

A fixed deposit (FD) with substantial deposits of ₹30 Lakhs may help you build a consistent source of income. Assuming the rate of interest is 8% p.a., monthly interest on a fixed deposit of ₹30 Lakhs for 2 years would be ₹8,000.

Thus, the passive income earned from this FD can supplement your salary and cover your regular expenses, allowing you to plan your budget effectively.

Choosing a fixed deposit with higher interest rates provides increased monthly earnings. Here is an estimate of the monthly interest payout you can receive on an investment of ₹30 Lakhs for 5 years across different FD rates:

Note: The monthly payouts mentioned above are indicative, and your actual returns depend on the issuer’s policies.

The table below indicates the monthly interest payout you can earn on an FD of ₹30 Lakhs for 5 years across different issuers:

Note: The above-mentioned rates are subject to change at the discretion of the issuer.

On Bajaj Markets, you can use the FD interest calculator to determine the potential returns you could earn on your fixed deposit investment. Moreover, you can compare different offers and apply for a scheme with the highest earning potential online with ease.

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.