By investing a substantial amount like ₹15 Crores in an FD and choosing the monthly payout option, you could have a fixed income source. For instance, if the interest rate is 8% p.a for a tenor of 5 years, the monthly interest would amount to ₹10 Lakhs.

 

The monthly interest on an FD of ₹15 Crores could be a reliable source for different purposes. You could use it to meet your lifestyle needs, manage ongoing bills, or even plan for a dream vacation. 

  

But before you make any decision, it is important to assess the interest rates offered by various FD issuers in the market.

Deposit Amount

Interest Rate

Tenure

Months

Interest Payout

At Maturity
At Maturity
Monthly
Quaterly
Half Yearly
Yearly

Invest Amount

Interest Rate

Total Interest Amount

Total Payout Principal + Interest

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Monthly Interest Income for a Fixed Deposit of ₹15 Crores

Look at the table below to understand the potential interest per month on an FD of ₹15 Crores when booked for 5 years: 

Deposit Amount

Interest Rate (p.a.)

Monthly Interest Payout

₹15 Crores

6.00%

₹7,50,000

₹15 Crores

6.50%

₹8,12,500

₹15 Crores

7.00%

₹8,75,000

₹15 Crores

7.50%

₹9,37,500

₹15 Crores

8.00%

₹10,00,000

₹15 Crores

8.50%

₹10,62,500

₹15 Crores

9.00%

₹11,25,000

₹15 Crores

9.50%

₹11,87,500

₹15 Crores

10.00%

₹12,50,000

Note: The rates and interest mentioned above are indicative, and actual returns may vary depending on the issuer’s policies.

Monthly Interest Payouts for an FD of ₹15 Crores from Banks and NBFCs

As the FD rates vary across issuers, you must compare before investing. Here is the monthly interest on an FD of ₹15 Crores booked for 5 years across various financial institutions: 

Bank/NBFC

Non-senior Citizen (p.a.)

Monthly Interest Payout

Senior Citizen (p.a.)

Monthly Interest Payout

LIC Housing Finance

7.50%

₹9,37,500

7.50%

₹9,37,500

Shriram Finance

8.47%

₹10,58,750

8.97%

₹11,21,250

ICICI Bank

7.00%

₹8,75,000

7.00%

₹8,75,000

HDFC Bank

7.00%

₹8,75,000

7.00%

₹8,75,000

IDFC First Bank

7.25%

₹9,06,250

7.75%

₹9,68,750

Axis Bank

7.00%

₹8,75,000

7.50%

₹9,37,500

IndusInd Bank

7.35%

₹9,18,750

7.35%

₹9,18,750

Jana Small Finance Bank

6.25%

₹7,81,250

6.25%

₹7,81,250

Kotak Mahindra Bank

6.25%

₹7,81,250

6.25%

₹7,81,250

Note: The above-mentioned interest rates are subject to change at the issuer’s discretion.


Now that you know how much you could receive as monthly interest on an FD of ₹15 Crores, consider investing today. On Bajaj Markets, you can easily compare your options using an FD calculator and invest online in just a few clicks.

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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Frequently Asked Questions

How much interest will I get for a fixed deposit of ₹15 Crores?

The monthly interest for an FD of ₹15 Crores depends on the issuer and the tenor. Generally, higher rates are offered for longer tenors, allowing you to earn higher interest income.

How much tax will I have to pay on an FD of ₹15 Crores?

FD interest is subject to TDS deduction if the total interest in a year exceeds ₹40,000 as per the Income Tax Act, 1961. For senior citizen investors, the limit is ₹50,000. Since the yearly total of the interest per month on an FD of ₹15 Crores will likely exceed this limit, TDS will be deducted.

Is there a penalty for withdrawing from an FD of ₹15 Crores before the tenor?

The issuer may levy a premature penalty if you withdraw before the tenor ends. The penalty could be a reduction in the monthly interest for an FD of ₹15 Crores or a penalty fee, depending on the policy.

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