Monthly Interest on a Fixed Deposit of ₹30 Lakhs

You can earn a substantial amount as  interest on a ₹30 Lakh fixed deposit every month with the monthly payout option. With various interest rates and tenures available, you can customise your investment based on your financial needs. This can serve as a steady stream of income that you can use as you like.

 

For example, with a 7% p.a. interest rate on an FD of ₹30 Lakhs for 5 years, you could earn as much as ₹17,500 each month. Similarly, if you book an FD for the same amount and same tenure at a rate of 9%, your monthly earnings will be ₹22,500. 

 

So, one must always compare different rates before deciding to invest in an FD plan.

Refer to the table below for ₹30 Lakh fixed deposit interest per month at different interest rates for 5 years.

Note: The monthly payouts mentioned above are indicative. Your actual returns depend on the bank or NBFCs policies.

Check the following table for the ₹30 Lakh FD interest per month in banks and NBFCs for 5 years in 2025.

Note: The above-mentioned rates are as of June 2024 and subject to change at the bank or NBFCs’ discretion.

Non-resident Indians (NRIs) can invest a substantial sum like ₹30 Lakhs via Non-resident External (NRE) and Non-resident Ordinary (NRO) accounts offered by banks and NBFCs. Here are the interest rates for a ₹30 Lakh FD for NRE and NRO accounts:

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

Here’s a table detailing the maturity amounts for a ₹30 Lakh FD at an interest rate of 6.50% p.a., with a breakdown across different tenures:

Note: The figures above are for illustration purposes only. Actual interest rates and payouts may vary across different banks and NBFCs.

Along with the potential for good returns, carefully consider the tax implications of investing in FDs. Keep these tax regulations in mind.

• The financial institution will impose Tax Deducted at Source (TDS) at 10% if your total interest income exceeds ₹40,000 in a financial year

• Submit 15G or 15H with the bank or NBFC to avoid any deductions if you are exempt from paying income tax

• The standard rate of 10% TDS will apply if you have furnished your PAN details 

• If you have not submitted your PAN card, TDS will be deducted at 20%

To get an estimate of monthly interest payments, use the facility added above. Follow these simple steps to find out the ₹30 Lakh fixed deposit interest per month.

1. Enter the investment amount, tenure, and interest rate

2. Opt for the ‘Monthly’ option under the ‘Interest Payout’ category

3. You can view an estimate of total interest earnings and monthly payouts

Maturity Amount Calculation Example

Let’s say you invest ₹30 Lakhs in a fixed deposit at an interest rate of 9% p.a. for 4 years (48 months). To calculate the monthly interest:

• Monthly Interest = Principal × Interest Rate / 12

• Monthly Interest = ₹30,00,000 × 9% / 12

• Monthly Interest = ₹2,70,000 / 12

• Monthly Interest = ₹22,500

 

Thus, the ₹30 Lakh fixed deposit interest per month would be ₹22,500

 

Interest Earned Upon Maturity

• Total Interest = Monthly Interest × Number of Months

• Total Interest = ₹22,500 × 48

• Total Interest = ₹10,80,000

 

So, the total interest accumulated over the 4-year period would be ₹10,80,000.

 

Note: Check the formula used by the bank or NBFC to get an accurate estimate.

Premature withdrawal from an FD could reduce your returns. Banks and NBFCs often apply a lower interest rate and may impose a penalty charge on the withdrawn amount along with reduced ₹30 Lakh fixed deposit interest per month. These factors could significantly impact the overall earnings, making it essential to understand the terms before opting for early withdrawal.

FD Premature Withdrawal Example

You invest ₹30 Lakhs in an FD with a 3-year tenure at an interest rate of 8.50% p.a. but choose to withdraw it prematurely after 2 years. Here, the applicable interest rate for the 2-year period would be 7.50% p.a. With a 1% penalty for premature withdrawal, the final interest rate will drop to 6.50% p.a., reducing your returns.

Note: The figures above are for illustration purposes only. The actual penalty charges may vary depending on the bank or NBFC’s policies.

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.