{"id":725,"date":"2024-04-18T10:29:13","date_gmt":"2024-04-18T10:29:13","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=725"},"modified":"2026-03-02T19:31:11","modified_gmt":"2026-03-02T19:31:11","slug":"in-a-bank-if-i-keep-3-crores-of-fixed-deposit-how-much-will-i-get-per-month","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/18\/in-a-bank-if-i-keep-3-crores-of-fixed-deposit-how-much-will-i-get-per-month\/","title":{"rendered":"In a bank, if I keep 3 crores of fixed deposit, how much will I get per month?"},"content":{"rendered":"\n

If you’re thinking about parking a sizeable sum like 3 crores in a fixed deposit<\/a> (FD) with a bank, it’s crucial to understand the returns you can anticipate. The interest payout from an FD is akin to the reliable churning of lassi \u2013 steady, predictable, and smooth.<\/p>\n\n\n\n

  1. Interest Rate<\/strong>: While the interest rate on FDs varies across banks and tenure, as of recent trends in India, let’s assume a ballpark interest rate of 6% per annum for a regular fixed deposit. Do note that senior citizens usually enjoy a slightly higher rate.<\/li>
  2. Interest Payout Frequency<\/strong>: Banks typically offer various interest payout options – monthly, quarterly, half-yearly, or annually. For this scenario, we’re considering a monthly interest payout.<\/li>
  3. Calculation<\/strong>:Interest per month = (Principal x Annual Interest Rate) \/ 12 months= (3,00,00,000 INR x 6\/100) \/ 12= 1,50,000 INR per month<\/li><\/ol>\n\n\n\n

    So, for a fixed deposit of 3 crores at an assumed interest rate of 6% p.a., you’d earn around 1.5 lakh INR per month as interest.<\/p>\n\n\n\n

    But, it’s essential to remember a couple of things. First, the actual interest might be a bit less due to the compounding effect if you choose reinvestment. Secondly, the interest earned from FDs is subject to TDS and is taxable according to your income tax slab.<\/p>\n\n\n\n

    While FDs offer safety and predictability, they may not always provide the best post-tax returns. If wealth growth is your primary aim, it might be worth diversifying and considering other financial instruments. As someone who champions the Roots and Wings philosophy, I advocate for a blend of stability and growth (some exposure to equities) in one’s investment portfolio. A SEBI Registered Investment Advisor can guide you in crafting a strategy tailored to your financial aspirations. If you seek a trusted advisor, Maxiom Wealth’s services might be a suitable avenue to explore.<\/p>\n\n\n\n\n

    \n

    Maxiom Wealth \u2014 Free Tool<\/p>\n

    Are FD Returns Beating Inflation After Tax?<\/h3>\n

    A 7% FD rate drops to ~4.9% after 30% tax for high earners \u2014 barely above inflation. See how FD compares to goal-based investments over your horizon.<\/p>\n FD Returns Calculator \u2192<\/a>\n Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

    If you’re thinking about parking a sizeable sum like 3 crores in a fixed deposit (FD) with a bank, it’s crucial to understand the returns you can anticipate. The interest payout from an FD is akin to the reliable churning of lassi \u2013 steady, predictable, and smooth. Interest Rate: While the interest rate on FDs… Read More »In a bank, if I keep 3 crores of fixed deposit, how much will I get per month?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,24],"tags":[],"class_list":["post-725","post","type-post","status-publish","format-standard","hentry","category-fixed-deposit","category-interest"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=725"}],"version-history":[{"count":2,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/725\/revisions"}],"predecessor-version":[{"id":3851,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/725\/revisions\/3851"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}