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.
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.
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 |
NBFC |
8.05% p.a. |
₹ 64,750 |
₹1,45,37,490 |
|
NBFC |
7.50% p.a. |
₹ 60,417 |
₹1,41,90,134 |
|
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.
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.
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.
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 |
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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.