Monthly Interest Rates for a Rs. 30 Lakh Fixed Deposit

A Rs. 30 lakh fixed deposit can offer consistent monthly income, depending on the selected tenure and prevailing interest rate, ensuring steady and predictable returns.
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Rs. 30 lakh Fixed Deposit
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4 mins
20-May-2026

A fixed deposit is a popular investment option for individuals seeking stable and predictable returns on their savings. It is generally considered a low-risk investment choice and is often preferred by people looking to invest funds for a fixed tenure.

When it comes to fixed deposits, the interest rate plays an important role in determining the overall return on investment. The interest rate offered by a financial institution may vary depending on factors such as the investment tenure and deposit amount. For individuals planning to invest Rs. 30 lakh in an FD, understanding the applicable monthly interest payout becomes important for financial planning.


Evaluating the monthly interest rate for a Rs. 30 lakh Fixed Deposit (FD) is essential for investors aiming to maximise returns. Many individuals also search for estimates related to 30 lakh fd monthly interest to understand the potential regular income generated from such investments. Fixed Deposits are known for their stability and predictable returns. By understanding applicable FD interest rates, investors can better plan their finances and align investments with their income goals while maintaining relatively low risk exposure.

Fixed Deposit

  1. Trusted by over 5 lakh customers
  2. Fixed Deposits worth more than Rs. 50,000 crore booked
  3. Rated CRISIL AAA/STABLE and [ICRA]AAA(STABLE)
  4. Up to 0.35% p.a. extra interest offered for senior citizens
  5. Flexible interest payout options available - Monthly, Quarterly, Half-yearly, Annually or at Maturity

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Calculating monthly interest on a Rs. 30 lakh fixed deposit

Monthly interest rates for fixed deposits are calculated by dividing the annual interest rate by 12 months.

Monthly interest earned on a Fixed Deposit can be calculated using the formula:

Monthly Interest = Principal Amount × Annual Interest Rate/12


The interest rate offered by banks for fixed deposits generally ranges between 6% to 10% per annum. Therefore, the monthly interest rate for a Rs. 30 lakh fixed deposit with an interest rate of 8 % 8% per annum would be Rs. 20,000.


FD monthly interest rate payout for a deposit of Rs. 30 lakh

To provide an idea on the estimate of the monthly income generated, the monthly interest for a Rs. 30 lakh FD with rates between 2.50% and 8.50% per annum is detailed below.

FD AmountInterest Rate (p.a.)Interest per month from Rs. 30 lakh FD
Rs. 30 lakh6.00%Rs. 15,000
Rs. 30 lakh6.50%Rs. 16,250
Rs. 30 lakh7.00%Rs. 17,500
Rs. 30 lakh7.50%Rs. 18,750
Rs. 30 lakh8.00%Rs. 20,000
Rs. 30 lakh8.50%Rs. 21,250

How much monthly interest can be earned on a Rs. 30 lakh FD?

Fixed Deposits (FDs) are widely trusted for their safety and low-risk nature, making them a preferred option for capital preservation and stable income generation. Many investors also explore estimates related to 30 lakh fd interest per month to understand the potential monthly earnings from large fixed deposit investments. Corporate FDs, in particular, may offer comparatively higher fixed interest rates that remain unchanged throughout the investment tenure. For example, investing Rs. 30 lakh with Bajaj Finance for five years can help generate stable returns over time.


Investors can choose flexible tenures ranging from 12 to 60 months depending on short-term or long-term financial goals. Bajaj Finance also offers a non-cumulative FD option that enables regular interest payouts on a monthly, quarterly, half-yearly, or annual basis according to investor preferences.

Following are the calculations of interest earnings for Rs. 30 lakh fixed deposit for senior citizens and citizens aged below 60.


Following are the calculations of interest earnings for Rs. 30 lakh fixed deposit for senior citizens and citizens aged below 60

Citizens aged below 60 investing in an FD:

Deposit AmountTenureInterest rateInterest earnings (Rs.)Total earnings (Rs.)
Rs. 30 lakh12 months6.60% p.a.1,92,30031,92,300
Rs. 30 lakh24 months7.16% p.a.4,04,40034,04,400
Rs. 30 lakh36 months7.40% p.a.6,06,90936,06,909
Rs. 30 lakh60 months7.40% p.a.10,11,00040,11,000

 

Senior citizens investing in an FD:

Deposit AmountTenureInterest rateInterest earnings (Rs.)Total earnings (Rs.)
Rs. 30 lakh12 months6.95% p.a.2,02,20032,02,200
Rs. 30 lakh24 months7.49% p.a.4,24,20034,24,200
Rs. 30 lakh36 months7.75% p.a.6,36,62436,36,624
Rs. 30 lakh60 months7.75% p.a.10,60,50040,60,500


Effortlessly calculate returns with our FD Interest Calculator tool and plan your financial future with confidence and clarity.
 

Documents required for opening a Rs. 30 lakh FD

To book an FD, you need:

  • PAN card
  • Any KYC documents: Aadhaar card/passport/driving licence/voter ID

 

What is a reinvestment or cumulative FD?

A reinvestment or cumulative Fixed Deposit (FD) lets the interest earned get added to the principal instead of being paid out regularly. This compounding effect increases the maturity value, leading to higher overall returns by the end of the term.

Pro tip

Bajaj Finance offers attractive Fixed Deposit interest rates of up to 7.40% p.a. for non-senior citizens, and up to 7.75% p.a. for senior citizens, inclusive of an additional rate benefit of up to 0.35% p.a.

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Conclusion

Investing Rs. 30 lakh in a Fixed Deposit can be an effective way to preserve capital while earning stable and comparatively low-risk returns. Whether an investor is seeking regular monthly income or higher returns through long-term investments, understanding payout options, tenure flexibility, and applicable FD Interest Rates is important before making an investment decision.

With options such as cumulative and non-cumulative FDs, along with tools like FD calculators, investors can customise investments according to their financial goals and liquidity requirements. Bajaj Finance offers flexible tenures, competitive interest rates, and convenient investment features, making it a suitable option for individuals looking to grow savings with greater financial stability and confidence.


 

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Frequently asked questions

What is the typical interest rate range for fixed deposits?

Interest rates generally range between 6% to 10% per annum, but varies between different banks and NBFC, it is advisable to check before investing.

Why choose a fixed deposit for a substantial sum like Rs. 30 lakh?

Fixed deposits are low-risk investment option, providing stability and consistent returns, making them ideal for those seeking secure investment avenues.

How much interest on Rs. 30 lakh FD per month?

At up to 7.95% p.a. for 18 months, a Rs. 30 lakh FD with Bajaj Finance can offer approx. Rs. 19,875 in monthly interest under a non-cumulative payout option, depending on the plan selected.

How much tax on Rs. 30 lakh FD?

Interest earned on a Rs. 30 lakh FD is fully taxable as per your income slab. If total interest exceeds Rs. 50,000 (Rs. 1,00,000 for seniors) annually, TDS at 10% is applicable unless Form 15G/15H is submitted.

How to invest 30 lakhs for monthly income?

Investors may consider Fixed Deposits, senior citizen schemes, annuity plans, debt mutual funds, or monthly income plans to generate stable monthly income from Rs. 30 lakh investments.

What if I deposit 30 lakhs in my account?

Depositing Rs. 30 lakh into a bank account may attract regulatory reporting and verification checks, especially for large cash deposits, under Income Tax and banking compliance rules.

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Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.