Where should I invest Rs 30 lakh to generate monthly income of Rs 20,000?

You should split the Rs 30 lakh between a mix of government-backed schemes, mutual funds and corporate fixed deposits. Park Rs 4.5 lakh in a Post Office Monthly Income Scheme. This will earn you a 7.6 percent interest per annum, payable monthly.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/invest/where-should-i-invest-rs-30-lakh-to-generate-monthly-income-of-rs-20000/articleshow/72001935.cms