Monthly Interest Rates on a ₹ 30 Lakh Fixed Deposit

Posted on Friday, February 7th, 2025 | By IndusInd Bank

Fixed deposits (FDs) are a popular choice for investors looking for stability and guaranteed returns, particularly in India where financial security is highly valued. For individuals who prefer minimal risk, FDs offer an attractive investment opportunity with interest rates higher than those of regular savings accounts. This article explores the potential ₹ 30 lakh fixed deposit interest per month.

Understanding Fixed Deposits

Fixed deposits are financial products offered by banks and non-banking financial companies (NBFCs). When you invest in an FD, you commit your funds for a specified period until maturity, making it an appealing option for those who want a steady income without exposing their principal to market fluctuations.

Interest Rates

The interest rates on fixed deposits vary across financial institutions and are affected by factors such as the amount of the deposit, its duration, and current economic conditions.

Calculating Monthly Interest on a ₹ 30 Lakh Fixed Deposit

To calculate the monthly interest from a ₹ 30 lakh fixed deposit, it is important to know the applicable interest rate and the duration of the deposit.

For illustration, let us assume an interest rate of 7.75% per annum with a term of 2 years.

(Click here for current FD Interest Rates)

Using the Fixed Deposit calculator from IndusInd Bank, the total interest you would earn for ₹30 lakh fixed deposit over 2 years at 7.75% is ₹4,97,785.

Monthly Interest:

To calculate the monthly interest, you would earn based on the total interest, you need to divide the total interest on a ₹ 30 lakh FD by the number of months in the selected tenure.

Thus, for a ₹30 lakh FD, interest on a monthly basis for a tenure of 2 years would be ₹20,471.

Please note that the above amount shall either be paid at the maturity or as per the selected payout at the time of opening your FD.

Fixed deposits work on the principle of compounding. This means that the monthly interest depends on the selected payout frequency and the interest accumulated as per the interest rate at the time of payout.

Why Opt for IndusInd Bank Fixed Deposits?

IndusInd Bank offers several advantages for fixed deposit investors:

1. Competitive Interest Rates

The bank provides some of the most competitive FD interest rates in the market, around 7.75% p.a. Fixed deposit interest rates can change, so it is wise to check for the updated interest rate.

2. Flexible Tenure Options

IndusInd Bank offers a range of tenure options from 7 days to 10 years, allowing you to match your investment period with your financial goals.

3. Auto-Renewal

The bank offers an auto-renewal feature for FDs at maturity, enabling reinvestment of both the interest earned and the original principal for continued growth.

4. Multiple Interest Payment Options

Choose from monthly, quarterly, half-yearly, yearly, or maturity-based interest payment options, providing flexibility in managing your returns.

5. Safety and Reliability

With a strong financial standing, IndusInd Bank ensures the security of your principal, making it a reliable choice for investors seeking stability. The bank’s solid reputation and compliance with regulatory standards boost investor confidence.

IndusInd Bank is known for its customer-focused approach, offering smooth and hassle-free services. Whether you choose to open an FD online or at a branch, the bank ensures a seamless experience. Its user-friendly digital platforms allow you to manage deposits easily, track interest earnings, and make informed decisions with real-time data.

Also Read: Tips for Maximising Returns on Fixed Deposits

Conclusion

Investing in a fixed deposit with IndusInd Bank can be a wise decision for those looking for a balance between safety and returns. With a ₹ 30 lakh investment, you can expect a consistent monthly income to complement other revenue streams or help achieve financial goals.

Stay informed about the latest interest rates and consider consulting a financial advisor to tailor your investments to your needs. Even after deciding on the investment details, using an FD calculator can provide a clearer picture of your returns.

Whether you are an experienced investor or new to the financial world, the various benefits of fixed deposits offer a dependable way to grow your wealth. IndusInd Bank, with its customer-focused services and appealing interest rates, could be the ideal partner in your investment journey. As you plan your financial future, consider the stability and reliability that IndusInd Bank’s fixed deposits can bring to your portfolio.

Start a Fixed Deposit with IndusInd Bank today!

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.