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You can ensure a consistent monthly income and meet your financial goals by investing a sizeable sum in FDs, such as 3 crores. To have a stress-free investment journey, be sure to compare interest rates and select a reputable bank or financial institution.

Monthly Interest for 3 Crore in FD 2024

The following table lists 3 Crore FD interest per month for different banks over a tenor of 5 years for general public:

Interest RatesMonthly Interest for 3 CroreBank Name
6.00% Rs. 1,50,000 State Bank of India
6.00% Rs. 1,50,000 Bank of Baroda
6.00% Rs. 1,50,000 Bank of India
6.00% Rs. 1,50,000 Bank of Maharashtra
6.25% Rs. 1,56,250 Punjab National Bank
6.50% Rs. 1,62,500 Central Bank of India
6.70% Rs. 1,67,500 City Union Bank
7.00% Rs. 1,75,000 HDFC
7.00% Rs. 1,75,000 ICICI
7.20% Rs. 1,80,000 Axis Bank

Frequently Asked Questions

What happens if the bank or financial institution fails?

If the bank or financial institution fails, your FD will be insured for up to 5 lakhs by the Deposit Insurance and Credit Guarantee Corporation (DICGC).

Can I make a 3 crore fixed deposit in the name of a minor alone?

Yes, it is possible to make a deposit in the name of a minor. However, the minor must be represented by their natural or legal guardian, and the application form for the deposit must be signed by the guardian on behalf of the minor. All communication regarding the deposit will be addressed to the guardian.

Can I withdraw my 3 crore FD before maturity?

Yes, you can withdraw your 3 crore FD before maturity, but you may have to pay a penalty. The amount of the penalty will vary depending on the bank or financial institution.

What is the minimum and maximum tenure for investing in an FD account?

The minimum tenure for a Fixed Deposit is usually seven days, while the maximum tenure can extend up to 10 years.

Are there special interest rates for senior citizens?

Yes, most financial institutions offer special interest rates for senior citizens.

Fixed Deposit Interest Per Month