Monthly Interest on a ₹3 Crore Fixed Deposit: Calculate Your Returns

Bajaj Finance publishes different interest rates according to the depositor category, tenure and payout option. The following table uses its published monthly-payout rates effective w.e.f 07 October, 2026.

Monthly interest for customers below 60 years

Monthly interest for senior citizens

These calculations use the published annualised monthly-payout rates. The actual payout and eligibility for a deposit of this size must be confirmed with Bajaj Finance before booking. Rates can change for new deposits and renewals.

For the latest rate card, visit the Bajaj Finance FD interest rates page.

The interest rate directly affects the amount of income a fixed deposit generates. For a given principal, a higher annual rate results in a higher estimated monthly payout.

The following examples are mathematical illustrations, not a list of currently available rates.

Actual rates depend on the financial institution, tenure, deposit amount, customer category and payout method. Do not interpret the illustrative rates above as current offers from Bajaj Finance or any other provider.

To estimate the monthly payout, multiply the principal by the applicable annualised interest rate and divide the result by 12.

Formula:

Monthly interest = Principal × (Annual interest rate ÷ 100) ÷ 12

Worked example for a ₹3 crore FD at 7.49% p.a.:

1. Principal = ₹3,00,00,000
2. Annualised interest rate = 7.49%
3. Estimated annual interest = ₹3,00,00,000 × 7.49% = ₹22,47,000
4. Estimated monthly interest = ₹22,47,000 ÷ 12 = ₹1,87,250

The result is an estimate before tax. The financial institution's payout calculation and applicable terms determine the actual amount credited.

Does monthly interest compound?

In a non-cumulative FD with monthly payouts, the interest is paid out periodically instead of being added to the principal for compounding within that deposit. A cumulative FD generally accumulates interest and pays the principal and interest at maturity under its terms.

Because the payout structures differ, the monthly-payout rate may be lower than the cumulative rate for the same tenure. Compare rates using the same payout option before estimating returns.

Several factors determine the income you may receive from a large fixed deposit.

Interest rate

The annualised rate is one of the main factors affecting the monthly payout. Rates vary between providers and may differ by tenure, deposit amount and depositor category.

Tenure

The deposit period can affect the applicable interest rate. Check the rate table for the exact tenure rather than assuming that the longest tenure always offers the highest rate.

Interest payout option

A monthly-payout FD is intended to provide periodic interest income. A cumulative FD is designed to accumulate interest until maturity. The rate and amount received can differ between these options.

Depositor category

Some providers offer different rates for senior citizens. Eligibility conditions and the applicable age criteria should be confirmed before booking.

Tax treatment

Interest income is generally taxable under the applicable income-tax rules. TDS may be deducted where the relevant legal conditions and thresholds are met. The amount credited to your account may therefore be lower than the gross interest payable.

Yes. Interest earned on an FD is generally taxable under the applicable income-tax rules and is usually reported under the relevant income-from-other-sources category.

For a large deposit, the interest earned may be substantial, so consider the tax implications when estimating the amount available for monthly expenses.

Keep the following points in mind:

• The interest rate used to calculate the payout is not the same as your post-tax return.
• TDS may apply according to the provisions and thresholds in force for the financial year.
• TDS is a tax deduction at source; it does not necessarily equal your final tax liability.
• Your final tax liability depends on your overall taxable income and applicable tax regime.

Check current Income Tax Department guidance or consult a qualified tax professional for your circumstances. Do not rely on outdated TDS thresholds or forms.

A large deposit requires careful consideration of liquidity, credit risk, tax and the institution's terms. The highest advertised rate should not be the only factor in the decision.

Review the issuer's credit quality

For a company fixed deposit, review the issuer's financial position and credit ratings. Bajaj Finance's published FD information lists CRISIL AAA/STABLE and [ICRA]AAA(Stable) ratings. Credit ratings reflect the rating agency's assessment of credit risk; they are not guarantees of repayment.

Understand deposit protection

Company fixed deposits offered by NBFCs are not covered by DICGC deposit insurance. DICGC insurance applies to eligible bank deposits under its applicable rules and limits. Do not assume that bank deposit protection extends to an NBFC fixed deposit.

Check premature withdrawal terms

If you may need access to your money before maturity, review the rules for premature closure, including any restrictions and reductions in interest. A large deposit can be difficult to replace if you need to close it earlier than planned.

Consider how much liquidity you need

A monthly-payout FD can provide periodic income, but the principal remains subject to the deposit's terms. Consider keeping funds available for near-term expenses and emergencies rather than placing all available savings into one deposit.

Compare the applicable rate, not just the headline rate

Check the rate for the exact tenure and monthly-payout option. A rate advertised for cumulative interest paid at maturity may not apply to a monthly-income deposit.

The choice between a monthly-payout FD and a cumulative FD depends on when you need the interest.

Compare the rates and terms for both options. The more suitable structure depends on whether you need regular income or prefer to receive the proceeds at maturity.

A ₹3 crore fixed deposit can generate a substantial monthly income, but the exact amount depends on the applicable interest rate, tenure, payout option and depositor category. At Bajaj Finance's published monthly-payout rates for 31–60 month tenures, the estimated monthly interest is ₹1,87,250 for customers below 60 and ₹1,96,500 for senior citizens, before tax.

Before investing, verify the current rate, confirm the terms for a deposit of this size, consider the tax implications and review the issuer's credit risk and premature withdrawal conditions. Use the monthly-interest formula for an initial estimate, then confirm the actual payout with the financial institution.