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 are an individual who has a significant amount of idle funds available, then opting for Fixed Deposits (FD) can be quite useful for you. This can allow you to securely grow your wealth at a predetermined rate of interest and over a period as per your requirement. 

 

By depositing a sum of around ₹10 Crores, you can earn monthly returns of up to ₹5.8 Lakhs over a period of 5 years at an interest rate of 7% p.a. This can thereby serve as a steady stream of income for all your regular and planned expenses over the course of time. These can pertain to hospitalisation, education, weddings, or purchases of properties, etc. 

 

Read on to learn more about the monthly interest payout on ₹10 Crore FD at different rates of interest and across different banks and NBFCs.

Deposit Amount
Tenure
Months
Interest Rate
%
Interest Payout
Your Total Maturity Amount is
Your Total Maturity Amount is
Total Investment
Total Interest Earned

Monthly Interest Payout on ₹10 Crore Fixed Deposit

The table below indicates the monthly interest payout on a ₹10 Crore fixed deposit you could earn across different banks and NBFCs for a tenor of 5 years:

Bank/NBFC/HFC

Non-Senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

Mahindra Finance Ltd. 

8.05%

₹ 6,70,833

8.30%

₹ 6,91,667

LIC Housing Finance

7.75%

₹ 6,45,833

7.75%

₹ 6,45,833

Shriram Finance

8.50%

₹ 7,08,333

9.00%

₹ 7,50,000

ICICI Bank 

7.00%

₹ 5,83,333

7.00%

₹ 5,83,333

HDFC Bank 

7.00%

₹ 5,83,333

7.50%

₹ 6,25,000

IDFC First Bank 

6.90%

₹ 5,75,000

7.40%

₹ 6,16,667

Axis Bank 

7.00%

₹ 5,83,333

7.00%

₹ 5,83,333

IndusInd Bank 

7.25%

₹ 6,04,167

7.25%

₹ 6,04,167

Jana Small Finance Bank 

7.00%

₹ 5,83,333

7.00%

₹ 5,83,333

Kotak Mahindra Bank

6.25%

₹ 5,20,833

6.25%

₹ 5,20,833

SBI

6.00%

₹ 5,00,000

6.50%

₹ 5,41,667

*Disclaimer: The rates mentioned above are effective as of 20 October 2023 and are subject to change as per the issuer’s discretion.

Monthly Interest for ₹10 Crore in Fixed Deposit

Here is an estimate of the monthly interest payout you would receive on a ₹10 Crore fixed deposit -

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹10 Crore

3.00%

₹ 2,50,000

₹10 Crore

3.50%

₹ 2,91,667

₹10 Crore

4.00%

₹ 3,33,333

₹10 Crore

4.50%

₹ 3,75,000

₹10 Crore

5.00%

₹ 4,16,667

₹10 Crore

5.50%

₹ 4,58,333

₹10 Crore

6.00%

₹ 5,00,000

₹10 Crore

6.50%

₹ 5,41,667

₹10 Crore

7.00%

₹ 5,83,333

₹10 Crore

7.50%

₹ 6,25,000

₹10 Crore

8.00%

₹ 6,66,667

₹10 Crore

8.50%

₹ 7,08,333

₹10 Crore

9.00%

₹ 7,50,000

₹10 Crore

9.50%

₹ 7,91,667

₹10 Crore

10.00%

₹ 8,33,333

Advantages of Opting for Monthly Interest Payout on FD

Here are some of the reasons why opting for monthly interest payout on FDs can be beneficial for you:

  • Provides a regular source of income

  • Offers liquidity with access to your monthly interest earnings each month

  • Tax liability is spread over the duration of the investment, potentially reducing the impact of taxation

  • Option to reinvest the interest in other investment options or allow it to accumulate in a savings account

  • Serves as a source of readily available funds for unexpected expenses

 

Now that you have a better understanding of the estimated returns you can earn on a ₹10 Crore FD, choose from your preferred issuer and get started with an FD today!


You can also make use of the FD interest calculator to determine the potential returns you could earn on your fixed deposit investment.

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 a ₹10 Crore FD

Yes, the interest earned on a ₹10 Crores fixed deposit is taxable. Additionally, if the annual interest exceeds ₹40,000 (₹50,000 for senior citizens), the interest is subject to a TDS deduction of 10%. If you don’t have a PAN, the deduction is at 20%.

You will require identity proof, address proof, photographs, and other documents as specified by the issuer.

You can invest ₹10 Crores in a fixed deposit if you are above 18, a citizen of India (resident or otherwise), and have the necessary documents. Most issuers allow resident individuals, NRIs, companies, HUFs, partnership firms, proprietors, and other such entities to invest in an FD. The complete list will be available on the issuer’s website.

You can calculate your annual and monthly interest rates for any tenor using an FD interest calculator. Enter the investment terms (amount, tenor, and interest rate, if allowed). Once you submit, the calculator will give you the total payout and total interest amount. 

 

If you have the non-cumulative option, you can calculate the interest you will receive on the intervals by dividing the total interest earned by the number of times you will receive the payout throughout your tenor. 

 

For example, if you choose a monthly payout option and interest amounts to ₹12 Lakhs for the tenor of 5 years, you will divide ₹12 Lakhs by 60 (12*5). Remember to choose the desired payout frequency to get accurate estimates.

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