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.
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.
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 |
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.
Check the Monthly Interest Rate on your Fixed Deposits |
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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.