Earn interest up to 7.95% p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable)

When you want to avoid risks and safely invest a lump-sum amount of your savings, a fixed deposit is always the right option. If you wish to invest in a fixed deposit of a bank or an NBFC, the monthly interest on a ₹1 Crore FD is attractive. 


A 1 crore FD interest per month can serve as the source for your monthly expenses. Investments in 1 crore FD interest per month can help you attain your financial goals through higher interest payouts monthly as well as at the time of maturity. Typically, depending on the tenor of your fixed deposit the 1 crore FD interest per month fixed deposit across financial institutions like banks and NBFCs range from 3% to 7%. 


A long term fixed deposit can earn you higher interest incomes monthly. The interest income can be cashed by you on maturity or on a yearly, half yearly, quarterly or monthly basis. Also, 1 crore FD interest per month fixed deposit are higher for senior citizens ranging from +0.15% to +0.25%. 


To know more about the 1 crore FD interest per month of various financial institutions, you can refer to the tables given below.


Let us take a look at the monthly interest rates and maturity amounts for some of the financial institutions over a 5 year tenor.

Monthly Interest Rates Offered by NBFCs on a ₹1 Crore Fixed Deposit 


Interest Rates

Monthly Interest Amount

Maturity Amount

Bajaj Finance Ltd




PNB Housing Finance




Mahindra Finance




Monthly Interest Rates Offered by Banks on a ₹1 Crore Fixed Deposit


Interest Rates

Monthly Interest Amount

Maturity Amount

Punjab National Bank












Axis Bank








Bank of India




TDS on a ₹1 Crore FD 

Indian banks and financial institutions do not deduct any tax or TDS on fixed deposits with an interest income under ₹40,000. However, fixed deposits with a monthly income amount in excess of ₹40,000 are taxable. Your 1 crore FD interest per month will be fully taxable. 10% tax is deducted by the banks in the form of  TDS on the 1 crore FD interest per month. Moreover, if you fall under the higher income bracket you will have to pay additional taxes while filing your returns.

Check the Monthly Interest Rate on your Fixed Deposits -


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

    While there is no such minimum and maximum cap to the 1 crore FD interest per month, the 1 crore FD interest per month is fixed which depends on the cumulative interest and term period of the fixed deposit.  Currently interest rates on ₹1 Crore FD ranges between 2.50% to 9.75%

  • ✔️Are 1 Crore FDs taxable?

    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 per month earned by you. 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.  

  • ✔️How much interest will I get on ₹1 Crore fixed deposits?

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

  • ✔️How to calculate Interest on ₹1 Crore FD?

    To calculate the interest on ₹1 Crore fixed deposit you will have to firstly convert the annual interest rate to monthly interest rate, thereby following the below mentioned steps to calculate the interest on ₹1 Crore FD - 

    • Now convert the annual rate from percentage to decimal format by dividing the interest rate by 100

    • Now divide the annual interest rate by 12

    • Then, multiple the annual interest rate by annual amount 

    • Finally, convert the monthly rate into percentage by multiplying it by 100 

  • ✔️What is the eligibility criteria for ₹1 Crore Fixed Deposit?

    By fulfilling the given eligibility criteria you can invest ₹1 Crore on a fixed deposit- 

    • Your age should be above the minimum age of 18 years old

    • You should have a PAN card with you issued in your name to be eligible for ₹1 Crore fixed deposit

    • If you are member of the Hindu Undivided family (H.U.F) you should have a separate PAN card issued in your name 

    • You can also open a fixed deposit of ₹1 Crore if you a minor but you will be required a guardianship of a guardian

    • You should satisfy all the guidelines of the RBI (Reserve Bank of India) which curates age proof, identity proof, address proof among others. 

  • ✔️What documents are required for ₹1 Crore Fixed Deposit?

    You will require the following documents to open your fixed deposit of ₹1 Crore- 

    Identity Proof: Passport, Voter ID card, Aadhar Card, Photo Ration Card, Government ID Card, Driving licence 

    Address Proof: Passport, Electricity Bill, Telephone Bill, Bank Statement with cheque

    Signature Proof: Passport, PAN Card, Driving Licence


    Also, if you are a senior citizen who wants to invest in ₹1 Crore fixed deposit you will be required to submit some additional documents such as your age proof along with Form 15 H


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