Can I invest ₹30 lakhs in FD?

Yes, you can certainly invest ₹30 lakhs in fixed deposits (FDs) as an individual investor without any issues. Infact, deposits can be made up to ₹10 Crores by an individual.

Here are some additional points to consider when investing a large FD amount like ₹30 lakhs:

1. Fixed Deposits have lower liquidity compared to savings accounts, meaning your money will be tied up for the tenure you choose. However, most financial institutions allow premature withdrawal, though it often comes with a penalty or lower interest. If you need liquidity, consider breaking your ₹30 lakh FD only in case of emergencies.
2. If you want to ensure more flexibility, you might consider diversifying the ₹30 lakh investment across multiple fixed deposits across multiple financial institutions. This way, you can take advantage of the best interest rates and have better access to your funds when needed.
3. You can ladder your FDs with different tenures. For example, one FD can mature in 12 months, another in 24 months, and another in 36 months.
4. For depositing any amount, financial institutions will require you to submit documents such as PAN, proof of identity as well as address, source of funds, and income tax returns, as part of their KYC and due diligence process.