Monthly Interest Rates for a Rs. 30 Lakh Fixed Deposit

Grow your savings with ease by earning attractive monthly interest on a Rs. 30 lakh fixed deposit. Invest now to secure hassle-free investment.
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Rs. 30 lakh Fixed Deposit
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4 mins
06-June-2025

A fixed deposit is a popular investment option for those seeking a stable return on their savings. It is generally considered low risk and is ideal for people who want to invest their money for a fixed period.

When it comes to fixed deposits, the interest rate is a crucial factor that determines the return on investment. The interest rate offered by financial institution for fixed deposits varies depending on the duration of the deposit and the amount invested. For those who are planning to invest Rs. 30 lakh in a fixed deposit, it is essential to know the monthly interest rates.

Evaluating the monthly interest rate for a Rs. 30 lakh Fixed Deposit (FD) is essential for investors aiming to maximise their returns. Fixed Deposits are known for their stability and predictable returns. By understanding the interest rates applicable to a Rs. 30 lakh FD, investors can effectively plan their finances and achieve their income goals with minimal risk.

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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Monthly interest rates for 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 Depsoit 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 Amount

Interest Rate (p.a.)

Interest per month from Rs. 30 lakh FD

Rs. 30 lakh

6.00%

Rs. 15,000

Rs. 30 lakh

6.50%

Rs. 16,250

Rs. 30 lakh

7.00%

Rs. 17,500

Rs. 30 lakh

7.50%

Rs. 18,750

Rs. 30 lakh

8.00%

Rs. 20,000

Rs. 30 lakh

8.50%

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 go-to option for capital preservation. Corporate FDs, in particular, offer fixed interest rates that are typically higher and remain unchanged throughout the investment period. For example, investing Rs. 30 lakh with Bajaj Finance for five years can generate significant returns.

You can choose a flexible tenure ranging from 12 to 60 months, depending on your short- or long-term financial goals. Bajaj Finance also offers a non-cumulative FD option, allowing you to receive regular interest payouts—monthly, quarterly, half-yearly, or annually—based on your preference.

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 Amount

Tenure

Interest rate

Interest earnings (Rs.)

Total earnings (Rs.)

Rs. 30 lakh

12 months

6.60% p.a.

1,92,300

31,92,300

Rs. 30 lakh

24 months

6.74% p.a.

4,04,400

34,04,400

Rs. 30 lakh

36 months

6.95% p.a.

6,06,909

36,06,909

Rs. 30 lakh

60 months

6.95% p.a.

10,11,000

40,11,000

 

Senior citizens investing in an FD:

Deposit Amount

Tenure

Interest rate

Interest earnings (Rs.)

Total earnings (Rs.)

Rs. 30 lakh

12 months

6.95% p.a.

2,02,200

32,02,200

Rs. 30 lakh

24 months

7.07% p.a.

4,24,200

34,24,200

Rs. 30 lakh

36 months

7.30% p.a.

6,36,624

36,36,624

Rs. 30 lakh

60 months

7.30% p.a.

10,60,500

40,60,500


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 6.95% p.a. for non-senior citizens, and up to 7.30% p.a. for senior citizens, inclusive of an additional rate benefit of up to 0.35% p.a.

systematic-deposit-plan-pro-tip-banner

Conclusion

Investing Rs. 30 lakh in a Fixed Deposit can be a smart way to secure your wealth while earning steady, low-risk returns. Whether you're a senior citizen seeking higher interest rates or someone looking for a regular monthly income, understanding the available FD tenures and payout options is essential for making the right choice.

With flexible plans like cumulative and non-cumulative FDs, and handy tools like the FD Interest Calculator, you can customise your investment to match your financial needs. Bajaj Finance stands out with competitive interest rates, flexible terms, and a trusted track record—making it a strong option for growing your savings with 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.

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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.