30 Lakh Fixed Deposit Interest Per Month

Fixed deposits (FDs) are a trusted and secure investment choice, offering flexibility with your principal amount. Investing a substantial sum like ₹30 lakh in FDs can provide you with a reliable monthly income and help you meet your financial objectives. However, it is crucial to research, compare interest rates and select a reputable bank or financial institution before opening a ₹30 lakh fixed deposit. 

Monthly Interest Payout on ₹30 Lakh Fixed Deposit

It is important to note that your actual returns from the deposits will depend on the policies of the respective bank or NBFC. Check out the table below for the monthly interest rates for ₹30 lakh fixed deposit at various interest rates over a 5-year period.

₹30 Lakh Fixed Deposit Interest Provided by Banks and NBFCs in 2025

The following table highlights the interest rates and monthly income from ₹30 lakh FD from different Indian banks and NBFCs in 2025:

Yearly Interest Payout on ₹30 Lakh Fixed Deposit 

Here is a table showing the maturity values for a ₹30 lakh FD at an annual interest rate of 6.50%, broken down by different tenures:

It is important to note that the figures provided above are for illustrative purposes. The actual interest rates and payouts may differ depending on the bank or NBFC.

TDS on ₹30 Lakh Fixed Deposit

Along with the potential for good returns, it is important to consider the tax impact of investing in FDs. Keep these tax rules in mind:

• The financial institution will deduct Tax Deducted at Source (TDS) at 10% if your total interest income exceeds ₹40,000 in a financial year.
• If you have provided your PAN details, a standard 10% TDS rate will be applied and if not 20% TDS will be deducted.
• To avoid TDS deductions, submit Form 15G or 15H to the bank or NBFC if you are exempt from paying income tax.

Calculation of Monthly Interest Payout on a ₹30 Lakh Fixed Deposit

You can calculate the interest on your ₹30 lakh fixed deposit either manually or by using an FD calculator. To calculate the monthly interest, you need to use this formula:

Monthly Interest Payout = Principal × Interest Rate / 12

For example, suppose you invest ₹30 lakh in a fixed deposit at an interest rate of 7% annually for 1 year. To calculate the monthly interest, use this formula:

So, the calculation will be:

Monthly Interest = ₹30,00,000 × 7% / 12 = ₹30,00,000 × 0.07 / 12 = ₹17,500

In this case, you would earn ₹17,500 every month.

Penalty for Premature Withdrawal of a ₹30 Lakh Fixed Deposit

Withdrawing funds prematurely from an FD can lead to a reduction in your returns. Banks and NBFCs typically lower the interest rate and may charge a penalty on the amount withdrawn, which will also reduce your monthly interest earnings on a ₹30 lakh fixed deposit. These factors can significantly impact your total returns, so it is important to review the terms carefully before opting for an early withdrawal.

For example, say you invest ₹30 lakh in an FD with a 5-year tenure at an interest rate of 7.75% per annum. If you decide to withdraw the FD after 3 years, the applicable interest rate for the 3-year period would be 6.75% per annum. With a 1% penalty for premature withdrawal, the final interest rate drops to 5.75% per annum, resulting in a decrease in your returns.

Depending on the tenure and interest rate, a ₹30 lakh fixed deposit can provide you with a reliable income. To avoid penalties on early withdrawals, it is a good idea to invest the amount you will not need for the chosen tenure. This way, you can maximise your interest earnings without worrying about reductions in returns. 

So, are you looking for a hassle-free way to manage your fixed deposits and earn stable returns? Download the Stable Money app today and start investing with confidence!