Investing a sizable amount of ₹1 Crore in a fixed deposit (FD) is a great way to access a steady income. The interest per month on a fixed deposit of ₹1 Crore can go up to approximately ₹66,666 at an interest of 8%. 

 

This makes it an attractive choice if you are seeking assured returns while maintaining liquidity. For higher gains, compare your options before you invest. 

Deposit Amount

Interest Rate

Tenure

Months

Interest Payout

At Maturity
At Maturity
Monthly
Quaterly
Half Yearly
Yearly

Investment Amount

Interest Rate

Total Interest Amount

Total Payout (Principal + Interest)

INVEST NOW

Monthly Interest Payout on a Fixed Deposit of ₹1 Crore

Higher FD rates translate into higher returns, and keeping your ideal rates in mind makes choosing an issuer easier. The table below shows an estimate of the interest per month on an FD of ₹1 Crore 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, and your returns may vary depending on the issuer’s policies.

Monthly Interest on an FD of ₹1 Crore Offered by Banks and NBFCs

Choosing the right issuer helps you maximum your returns. The table below shows the monthly interest on an FD of ₹1 Crore booked for 5 years with different banks and NBFCs:

Bank/NBFC/HFC

Non-Senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

Bajaj Finance Ltd. 

7.81%

₹65,083

8.05%

₹67,083

PNB Housing Finance Ltd. 

7.39%

₹61,583

7.59%

₹63,250

Mahindra Finance Ltd.

7.55%

₹62,916

7.80%

₹65,000

LIC Housing Finance

7.50%

₹62,500

7.75%

₹64,583

Shriram Finance

8.47%

₹70,583

8.97%

₹74,750

ICICI Bank 

7.00%

₹58,333

7.50%

₹62,500

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

6.20%

₹51,666

6.70%

₹55,833

SBI

6.50%

₹54,166

7.50%

₹62,500

AU Small Finance Bank

7.21%

₹60,083

7.70%

₹64,166

Ujjivan Small Finance Bank

7.20%

₹60,000

7.70%

₹64,166

Note: The above-mentioned rates are subject to change at the issuer’s discretion.

 

Now that you have a better understanding of the interest rate per month on an FD of ₹1 Crore, invest according to your goals. On Bajaj Markets, you can choose from top issuers offering some of the highest FD rates in India.


Use the FD interest calculator to determine the potential returns for different tenors. This will help you optimise your investment and reach your goals.

Disclaimer

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.

FAQs on Monthly Interest for an FD of ₹1 Crore

Is there a minimum and maximum cap to the monthly interest for a fixed deposit of ₹1 Crore?

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.

Are FDs of ₹1 Crore taxable?

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.

What are the returns that I can get on an FD of ₹1 Crore?

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.

How to calculate monthly interest for a fixed deposit of ₹1 Crore?

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.

What documents are required for an FD of ₹1 Crore?

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.

What factors influence the monthly interest earned on an FD of ₹1 Crore?

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.

What are the benefits of opting for monthly interest payouts on an FD of ₹1 Crore?

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. 

Home
active_tab
Loan Offer
active_tab
Download App
active_tab
CIBIL Score
active_tab