₹1 Crores Fixed Deposit (FD) Interest Per Month in NBFCs & Banks 30 Sep 2023

Earn interest up to 8.60% p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable) Invest Now

If you have idle funds available and are looking for ways to multiply your savings, consider opting for a Fixed Deposit (FD). On depositing a high sum like ₹1 Crore, you could potentially earn significant returns. Different banks and NBFCs offer interest rates between 6% and 10% p.a.

The matured amount could be used to finance aspirational purchases like vehicles or properties. In addition, you could also use these funds to plan an extravagant vacation. Even a minimum of 7.00% p.a. Interest on an FD of ₹1 Crore could get you substantial gains amounting to more than ₹40 Lakhs over a tenor of five years.

Learn more about the applicable interest rates across our partner and issuer pages to get started.

Monthly Interest Payout on ₹1 Crore Fixed Deposit

The table below shows an estimate of the monthly interest you would earn on a ₹1 Crore fixed deposit with a tenor of 5 years -

Deposit Amount	Interest Rate (p.a.)	Monthly Interest Payout
₹1 Crore	6.00%	₹50,000
₹1 Crore	6.50%	₹54,167
₹1 Crore	7.00%	₹58,333
₹1 Crore	7.50%	₹62,500
₹1 Crore	8.00%	₹66,667
₹1 Crore	8.50%	₹70,833
₹1 Crore	9.00%	₹75,000
₹1 Crore	9.50%	₹79,167
₹1 Crore	10.00%	₹83,333

Find out more about the interest you could earn on a fixed deposit of ₹1 Crore with a tenor of 5 years offered by various issuers.

₹1 Crore FD Interest Per Month Offered by NBFCs - Non-Senior Citizen

Here are the FD rates offered by NBFCs along with the monthly interest amount and the total maturity payout for non-senior citizens on a tenor of 5 years:

Issuer	Type	Interest Rate for Non-Senior Citizen	Monthly Interest Amount	Total Payout at Maturity
Bajaj Finance Ltd.	NBFC	8.05% p.a.	₹ 64,750	₹1,45,37,490
PNB Housing Finance Ltd.	NBFC	7.50% p.a.	₹ 60,417	₹1,41,90,134
Mahindra Finance Ltd.	NBFC	8.05% p.a.	₹ 62,500	₹1,43,56,293
Muthoot Finance	NBFC	7.00% p.a.	₹ 58,333	₹ 1,40,25,517
LIC Housing Finance	NBFC	7.75% p.a.	₹ 64,583	₹ 1,45,24,005
Shriram Finance	NBFC	8.18% p.a.	₹ 68,167	₹ 1,48,16,134

*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.

₹1 Crore FD Interest Per Month Offered by NBFCs - Senior Citizen

Below are the FD rates offered by NBFCs along with the monthly interest amount and the total maturity payout for senior citizens on a tenor of 5 years:

Issuer	Type	Interest Rate for Senior Citizen	Monthly Interest Amount	Total Payout at Maturity
Bajaj Finance Ltd.	NBFC	8.30% p.a.	₹ 66,667	₹ 1,46,93,281
PNB Housing Finance Ltd.	NBFC	7.75% p.a.	₹ 62,500	₹ 1,43,56,293
Mahindra Finance Ltd.	NBFC	8.30% p.a.	₹ 64,583	₹ 1,45,24,005
Muthoot Finance	NBFC	7.25% p.a.	₹ 60,417	₹ 1,41,90,134
LIC Housing Finance	NBFC	8.00% p.a.	₹ 66,667	₹ 1,46,93,281
Shriram Finance	NBFC	8.68% p.a.	₹ 72,333	₹ 1,51,61,709

*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.

₹1 Crore FD Interest Per Month Offered by Banks - Non-Senior Citizen

Learn about the FD rates offered by banks for non-senior citizens along with the monthly interest amount and the total maturity payout on a tenor of 5 years:

Issuer	Type	Interest Rate Non-Senior Citizen	Monthly Interest Amount	Total Payout at Maturity
AU Small Finance Bank	Bank	7.25% p.a.	₹ 72,043	₹ 1,43,22,605
ICICI Bank	Bank	6.75% p.a.	₹ 56,250	₹ 1,38,62,432
HDFC Bank	Bank	7.00% p.a.	₹ 58,333	₹ 1,40,25,517
IDFC First Bank	Bank	7.00% p.a.	₹ 58,333	₹ 1,40,25,517
Axis Bank	Bank	7.00% p.a.	₹ 58,333	₹ 1,40,25,517
IndusInd Bank	Bank	7.25% p.a.	₹ 60,417	₹ 1,41,90,134
Yes Bank	Bank	7.25% p.a.	₹ 72,043	₹ 1,43,22,605
Jana Small Finance Bank	Bank	6.00% p.a.	₹ 50,000	₹ 1,33,82,256
Kotak Mahindra Bank	Bank	6.25% p.a.	₹ 52,083	₹ 1,35,40,812
Punjab National Bank	Bank	6.50% p.a.	₹ 54,167	₹ 1,37,00,867
SBI	Bank	6.50% p.a.	₹ 54,167	₹ 1,37,00,867
Bank of India	Bank	6.00% p.a	₹ 50,000	₹ 1,33,82,256

*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.

₹1 Crore FD Interest Per Month Offered by Banks - Senior Citizen

Find out about the FD rates offered by banks for senior citizens along with the monthly interest amount and the total maturity payout on a tenor of 5 years:

Issuer	Type	Interest Rate Senior Citizen	Monthly Interest Amount	Total Payout at Maturity
AU Small Finance Bank	Bank	7.75% p.a.	₹ 77,973	₹ 1,46,78,428
ICICI Bank	Bank	6.75% p.a.	₹ 56,250	₹ 1,38,62,432
HDFC Bank	Bank	7.50% p.a.	₹ 62,500	₹ 1,43,56,293
IDFC First Bank	Bank	7.50% p.a.	₹ 62,500	₹ 1,43,56,293
Axis Bank	Bank	7.75% p.a.	₹ 64,583	₹ 1,45,24,005
IndusInd Bank	Bank	7.75% p.a.	₹ 64,583	₹ 1,45,24,005
Yes Bank	Bank	8.00% p.a.	₹ 80,991	₹ 1,48,59,473
Jana Small Finance Bank	Bank	6.50% p.a.	₹ 54,167	₹ 1,37,00,867
Kotak Mahindra Bank	Bank	6.25% p.a.	₹ 52,083	₹ 1,35,40,812
Punjab National Bank	Bank	7.00% p.a.	₹ 58,333	₹ 1,40,25,517
SBI	Bank	7.50% p.a.	₹ 62,500	₹ 1,43,56,293
Bank of India	Bank	6.25% p.a.	₹ 52,083	₹ 1,35,40,812

*Disclaimer: The above-mentioned rates are subject to change as per the issuer’s discretion.

Now that you have an idea about how much you could potentially earn from an FD, don’t wait any further! Choose any of the suitable banks/NBFCs listed here to grow your savings and earn decent interest returns.

Check Monthly Interest Rates on Your Fixed Deposits
Monthly Interest on ₹10 Crores FD	Monthly Interest on ₹5 Crore FD	Monthly Interest on ₹3 Crores FD
Monthly Interest on ₹2 Crore FD	Monthly Interest on ₹1.5 Crore FD	Monthly Interest on ₹80 Lakh FD
Monthly Interest on ₹70 Lakhs FD	Monthly Interest on ₹60 Lakhs FD	Monthly Interest on ₹50 Lakh FD
Monthly interest on ₹40 Lakh FD	Monthly Interest on ₹35 Lakh FD	Monthly Interest on ₹30 Lakhs FD
Monthly Interest on ₹25 Lakh FD	Monthly interest on ₹20 Lakh FD	Monthly interest on ₹15 Lakh FD
Monthly interest on ₹10 Lakh FD	Monthly Interest on ₹8 Lakh FD	Monthly Interest on ₹6 Lakhs FD
Monthly Interest on ₹5 Lakhs FD	Monthly Interest on ₹4 Lakhs FD	Monthly Interest on ₹3 Lakhs FD
Monthly interest on ₹2 Lakh FD	Monthly Interest on ₹1 Lakh FD	Monthly Interest on ₹10000 FD

Disclaimer

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort.

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of 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. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on Monthly Interest for ₹1 Crore Fixed Deposit

There are no specific minimum or maximum limits for the monthly interest that you can earn on a ₹1 Crore fixed deposit. The monthly earning on a ₹1 Crore FD is based on the interest rate offered and the tenor.

Yes, ₹1 Crore fixed deposits are fully taxable and an estimated percentage of 10% will be deducted as TDS on the ₹1 Crore FD interest. If your monthly income from your fixed deposits is more than ₹40,000 then a TDS amount as tax will be deducted on your fixed deposit interest.

Different banks and financial institutions have set different interest rates on fixed deposits of ₹1 crore, Also, senior citizens enjoy higher interest rates on ₹1 crore fixed deposits.

You can calculate the interest that you get on a monthly basis with your ₹1 Crore FD by using an FD calculator. All you need to do is choose the monthly payout option and enter the investment amount, tenor, and interest rate.

For investing in a ₹1 crore in a fixed deposit, you must be at least 18 years old and you should possess a PAN card issued in your name. If you are a member of a Hindu Undivided Family (HUF), you should have a PAN card issued in your name. You can open a ₹1 crore fixed deposit even if you are a minor but you need the guardianship of your legal guardian.

The documents requirement for a ₹1 crore FD includes your identity proof, signature proof, as well as address proof. These documents generally include your passport, voter ID card, Aadhaar card, ration Card, driving licence.

For your address proof, you can show your utility bills. If you are a senior citizen, you need to submit your age proof along with Form 15H to verify your eligibility as a senior citizen to get a higher FD interest.