Investment Amount
Interest Rate
Total Interest Amount
Total Payout (Principal + Interest)
Invest ₹1 Crore in a Fixed Deposit (FD) to enjoy a high monthly interest payout. Compare interest rates from some of the leading banks and NBFCs. Earn up to ₹68,333 per month on an FD of ₹1 Crore for 60 months at 7.00% p.a.
The table below shows an estimate of the ₹1 Crore FD’s interest per month in India booked for 5 years:
Deposit Amount |
Interest Rate (p.a.) |
Monthly Interest Payout |
₹1 Crore |
6.00% |
₹50,000 |
₹1 Crore |
6.50% |
₹54,166 |
₹1 Crore |
7.00% |
₹58,333 |
₹1 Crore |
7.50% |
₹62,500 |
₹1 Crore |
8.00% |
₹66,666 |
₹1 Crore |
8.50% |
₹70,833 |
₹1 Crore |
9.00% |
₹75,000 |
₹1 Crore |
9.50% |
₹79,166 |
₹1 Crore |
10.00% |
₹83,333 |
Note: The interest payouts mentioned above are indicative. Your actual returns may vary depending on the bank or NBFCs policies.
When evaluating NBFC FDs and bank FDs, interest for ₹1 Crore per month is a critical check. The table below shows the monthly interest on an FD of ₹1 Crore booked for 5 years with the below financial institutions.
Bank/NBFC/HFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
Bajaj Finance Ltd. |
8.10% |
₹67,500 |
8.35% |
₹69,583 |
PNB Housing Finance Ltd. |
7.60% |
₹63,333 |
7.80% |
₹65,000 |
Mahindra Finance Ltd. |
8.10% |
₹67,500 |
8.35% |
₹69,583 |
LIC Housing Finance |
7.75% |
₹64,583 |
8.00% |
₹66,667 |
Shriram Finance |
8.47% |
₹70,583 |
8.97% |
₹74,750 |
ICICI Bank |
7.00% |
₹58,333 |
7.60% |
₹63,333 |
HDFC Bank |
7.00% |
₹58,333 |
7.50% |
₹62,500 |
IDFC First Bank |
7.00% |
₹58,333 |
7.50% |
₹62,500 |
Axis Bank |
7.00% |
₹ 58,333 |
7.75% |
₹64,583 |
IndusInd Bank |
7.25% |
₹60,416 |
7.75% |
₹64,583 |
YES Bank |
7.25% |
₹60,416 |
8.00% |
₹66,666 |
Jana Small Finance Bank |
7.25% |
₹60,416 |
7.75% |
₹64,583 |
Kotak Mahindra Bank |
7.00% |
₹58,333 |
7.60% |
₹63,333 |
SBI |
6.50% |
₹54,166 |
7.50% |
₹62,500 |
AU Small Finance Bank |
7.25% |
₹60,416 |
7.75% |
₹64,583 |
Ujjivan Small Finance Bank |
7.20% |
₹60,000 |
7.70% |
₹64,166 |
Note: The above interest rates are valid as of 5th June 2024. They may change at the bank or NBFCs’ discretion.
When evaluating NBFC FDs and bank FDs, interest for ₹1 Crore per month is a critical check. The table below shows the monthly interest on an FD of ₹1 Crore booked for 5 years with the below financial institutions.
Bank/NBFC/HFC |
Non-senior Citizen (p.a.) |
Monthly Interest Payout |
Senior Citizen (p.a.) |
Monthly Interest Payout |
Bajaj Finance Ltd. |
8.10% |
₹67,500 |
8.35% |
₹69,583 |
PNB Housing Finance Ltd. |
7.60% |
₹63,333 |
7.80% |
₹65,000 |
Mahindra Finance Ltd. |
8.10% |
₹67,500 |
8.35% |
₹69,583 |
LIC Housing Finance |
7.75% |
₹64,583 |
8.00% |
₹66,667 |
Shriram Finance |
8.47% |
₹70,583 |
8.97% |
₹74,750 |
ICICI Bank |
7.00% |
₹58,333 |
7.60% |
₹63,333 |
HDFC Bank |
7.00% |
₹58,333 |
7.50% |
₹62,500 |
IDFC First Bank |
7.00% |
₹58,333 |
7.50% |
₹62,500 |
Axis Bank |
7.00% |
₹ 58,333 |
7.75% |
₹64,583 |
IndusInd Bank |
7.25% |
₹60,416 |
7.75% |
₹64,583 |
YES Bank |
7.25% |
₹60,416 |
8.00% |
₹66,666 |
Jana Small Finance Bank |
7.25% |
₹60,416 |
7.75% |
₹64,583 |
Kotak Mahindra Bank |
7.00% |
₹58,333 |
7.60% |
₹63,333 |
SBI |
6.50% |
₹54,166 |
7.50% |
₹62,500 |
AU Small Finance Bank |
7.25% |
₹60,416 |
7.75% |
₹64,583 |
Ujjivan Small Finance Bank |
7.20% |
₹60,000 |
7.70% |
₹64,166 |
Note: The above interest rates are valid as of 5th June 2024. They may change at the bank or NBFCs’ discretion.
Non-resident Indians (NRIs) can invest in fixed deposits through Non-resident External (NRE) and Non-resident Ordinary (NRO) accounts offered by banks and NBFCs. Below are the interest rates for NRE and NRO fixed deposits:
Bank/NBFC/HFC |
NRO |
NRE |
Bajaj Finance Ltd. |
8.35% |
- |
ICICI Bank |
7.25% |
7.25% |
HDFC Bank |
7.40% |
7.40% |
IDFC First Bank |
7.75% |
7.75% |
Axis Bank |
7.10% |
7.10% |
IndusInd Bank |
7.99% |
7.99% |
YES Bank |
8.00% |
8.00% |
Jana Small Finance Bank |
8.25% |
8.25% |
Kotak Mahindra Bank |
7.50% |
7.50% |
SBI |
7.25% |
7.25% |
AU Small Finance Bank |
8.00% |
8.00% |
Ujjivan Small Finance Bank |
8.25% |
8.25% |
Note: The above-mentioned rates are subject to change at the bank or NBFC's discretion.
Here’s a table outlining the maturity amounts for an investment of ₹1 Crore at an interest rate of 8.97% p.a. The breakdown is provided for various tenures:
Tenure |
Yearly Payout |
1 Year (12 Months) |
₹1,08,97,000 |
2 Years (24 Months) |
₹1,18,74,461 |
3 Years (36 Months) |
₹1,29,39,600 |
4 Years (48 Months) |
₹1,41,00,282 |
5 Years (60 Months) |
₹1,53,65,077 |
Note: The figures above are for illustration purposes only. Actual interest rates and payouts may vary across different banks and NBFCs.
You can use an FD calculator to determine monthly interest payouts. All you need to do is add the principal amount, interest rate, and tenure. Some calculators may require you to add details about senior citizen benefits, if any.
In addition, you could manually calculate a ₹1 Crore FD’s interest per month. Follow these simple steps to calculate the estimated interest:
Use the simple or compound interest formula based on the bank or NBFCs policy
Divide the total interest payout by the number of months in your FD tenure
Assume you invested ₹1 Crore in an FD with an interest rate of 8% p.a. for a period of 4 years (48 months). Here’s how you can manually calculate the monthly interest earned:
Monthly Interest Earned = Principal × Interest Rate / 12
Monthly Interest Earned = ₹1,00,00,000 × 8% / 12
Monthly Interest Earned = ₹1,00,00,000 × 0.08 / 12
Monthly Interest Earned = ₹8,00,000 / 12
Monthly Interest Earned = ₹66,666.67
So, the monthly interest earned on an FD of ₹1 Crore at 8% p.a. would be ₹66,666.67.
Interest Earned On Maturity = (Principal x Interest Rate / Months in a year) x Months in 4 years
Interest Earned on Maturity = ₹66,666.67 × 48
Interest Earned on Maturity = ₹32,00,000
The total interest accumulated over the 4-year tenure would amount to ₹32,00,000.
Note: Check the formula used by the bank or NBFC to get an accurate estimate.
Premature withdrawal allows you to access your FD before maturity. It typically incurs penalties such as reduced interest rates or a fee. The rate applied depends on the completed tenure at withdrawal, and banks or NBFCs may reduce rates or charge a penalty of 0.5% to 1% of the withdrawn amount.
If you invest ₹1 crore in an FD with a 4-year tenure at an interest rate of 6.50% p.a., but choose to withdraw it prematurely after 2 years, the interest rate will change. The applicable interest rate for the 2-year period would be 6.00% p.a. However, with a 1% p.a. penalty for premature withdrawal, the final interest rate drops to 5.00% p.a., leading to lower returns than originally expected.
Parameter |
Details |
Principal Amount Invested |
₹1,00,00,000 |
Maturity After 3 Year |
₹1,27,44,800 |
Interest Rate at the Time of Booking |
6.50% p.a. |
Effective Interest Rate for 1 Year Tenure |
6.00% p.a. |
Premature Withdrawal Penalty Rate |
1% p.a. |
Final Interest Rate |
5.00% p.a. |
Final Amount Payable |
₹1,10,00,000 |
Note: The figures above are for illustration purposes only. The actual penalty charges may vary depending on the bank or NBFC’s policies.
Before investing in a fixed deposit, check your tax obligations and estimate your actual earnings. Here are a few things you need to know:
Banks and NBFCs will deduct Tax Deducted at Source (TDS) if your income exceeds ₹40,000 in a year
For senior citizens, this limit applies to payouts that cross ₹50,000 in a year
TDS is deducted at 10% if you have furnished PAN details
TDS is deducted at 20% if PAN details have not been submitted
Present forms 15H or 15G if your income falls under the taxable bracket to avoid TDS
Claim tax deductions on investments made in tax-saving FDs provided by banks
Tax-saving FDs are eligible for deductions up to ₹1.5 Lakhs in a financial year under Section 80C of the Income Tax Act, 1961
The information provided by BFDL is related to the rates provided by Banks and Deposit taking NBFCs as available from public domain and under no circumstances is intended to be source of advice or recommendation of any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers and use of such information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. Display of any intellectual property along with the related product information does not imply BFDL’s partnership with the owner of the intellectual property of such products and is solely for the purpose of information, unless otherwise provided by BFDL.
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No, there is no limit for the interest per month on an FD of ₹1 Cr. Your monthly earnings depend on the interest rate offered and the tenor.
Yes, the interest that you earn on an FD of ₹1 Crore is fully taxable. Moreover, since the annual interest is likely to cross the threshold of ₹40,000 (₹50,000 for senior citizens) TDS will apply. The rate of deduction will be 10% if you have provided your PAN, and 20% if you have not.
The returns depend on the interest rate per month on an FD of ₹1 Cr. The rates vary depending on the tenor and the issuer's policies. Most institutions offer higher interest rates to senior citizens.
You can use an FD calculator to calculate the interest per month on a fixed deposit of ₹1 Crore. All you need to do is choose the monthly payout option and enter the investment amount, tenor, and interest rate.
Documents required for an FD of ₹1 Crore include proof of identity, address, and income. Commonly accepted documents for this include your passport, voter ID, Aadhaar card, ration card, and driving license. However, the requirements may vary depending on the issuer.
The rates offered impact the interest you earn on an FD of ₹1 Crore. One significant factor that influences the FD interest rates in India is the prevailing repo rate. Your chosen tenor and the compounding frequency offered by the FD issuer also affect the interest you earn.
Choosing monthly interest payouts on an FD of ₹1 Crore offers regular income, which helps you maintain liquidity. It also facilitates better financial planning and budgeting as the interest is assured and stays the same throughout the tenor.
If your FD is with a bank, it is insured up to ₹5 lakhs by the Deposit Insurance and Credit Guarantee Corporation (DICGC). Hence, an FD of ₹1 Crore is only insured up to this threshold.