Monthly Interest on a ₹15 Crore Fixed Deposit

By investing a substantial amount like ₹15 Crores in a fixed deposit (FD) and choosing the monthly payout option, you can create a fixed income source. 

 

For instance, for a ₹15 Crore fixed deposit interest rate of 8% p.a. over a tenure of 5 years, the monthly interest payout would amount to ₹10 Lakhs. Over the course of the tenure, this would result in total interest earnings of ₹7 Crores.

 

The ₹15 Crore FD interest per month 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.

Your monthly earnings depend on the predetermined FD rate. Refer to the table below to understand the ₹15 Crore FD interest per month at varying rates. The tenure considered is 5 years.

Note: The interest payouts mentioned above are indicative. Your actual returns may vary depending on the bank or NBFCs policies.

Check out the  ₹15 Crore FD interest per month in the table below for 5 years across banks and NBFCs for 2025.

Note: The above interest rates are as of June 2024 and subject to change at the bank or NBFCs discretion.

As a Non-resident Indian (NRI), you can invest a significant amount, such as ₹15 Crores, in Non-resident External (NRE) and Non-resident Ordinary (NRO) fixed deposit accounts offered by banks and NBFCs. Below are the ₹15 Crore FD interest rates for NRE and NRO fixed deposits.

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

Here’s a table showing the maturity amounts for a ₹15 Crore investment at an interest rate of 7.25% p.a., broken down by various tenures:

Note: The figures above are for illustration purposes only. Actual interest rates and payouts may vary across different banks and NBFCs.

Withdrawing your fixed deposit before maturity results in reduced interest earnings. When you opt for premature withdrawal, banks and NBFCs typically offer a lower interest rate on the withdrawn amount. Additionally, some financial institutions may impose a penalty fee, further reducing your overall returns.

FD Premature Withdrawal Example

You invest ₹15 crores in a fixed deposit for a 3-year term at an interest rate of 7.50% p.a. However, if you withdraw the funds after just 1 year, the interest rate is reduced to 6.50% p.a. Additionally, with a 1% penalty for early withdrawal, the final interest rate drops to 5.50% p.a. This results in returns that are significantly lower than initially expected.

Due to their low risk and guaranteed returns, fixed deposits are popular investment tools. But when investing in these deposits, consider the following tax regulations:

• If you earn an annual interest income over ₹40,000, the bank or NBFC will deduct Tax Deducted at Source (TDS) at 10% 

• If you are a senior citizen, you can enjoy a higher TDS exemption limit on FD interest of up to ₹50,000 

• If you have already provided your PAN details, the financial institution will deduct TDS at 10%

• They will deduct TDS at a higher rate of 20% if you have not furnished your PAN card

You can use the facility added above to compute how much you can earn as regular payouts. Follow these simple steps to get an estimate of  ₹15 Crore FD interest per month:

1. Enter the investment amount, tenure, and interest rate

2. Select the ‘Monthly’ option under the ‘Interest Payout’ section

3. You can view an estimate of total and monthly interest payouts

Maturity Amount Calculation Example

Assume you invested ₹15 crores in an FD at an interest rate of 7.50% p.a. for a period of 3 years (36 months).

• Monthly Interest Earned = Principal × Interest Rate / 12

• Monthly Interest Earned = ₹15,00,00,000 × 7.50% / 12

• Monthly Interest Earned = ₹1,12,50,000 / 12

• Monthly Interest Earned = ₹9,37,500

 

So, the ₹15 Crore FD interest per month at 7.50% p.a. would be ₹9,37,500

 

Interest Earned Upon Maturity

• Interest Earned On Maturity = Principal × Interest Rate × Time (in years) / 100

• Interest Earned on Maturity = ₹15,00,00,000 × 7.50 × 3 / 100

• Interest Earned on Maturity = ₹3,37,50,000

 

The total ₹15 Crore fixed deposit interest accumulated over the 3-year period would amount to ₹3,37,50,000, with a monthly interest payout of ₹9,37,500

The information provided by BFDL is related to the rates provided by Banks and Deposit taking NBFCs as available from public domain and under no circumstances is intended to be source of advice or recommendation of any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers and use of such 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. Display of any intellectual property along with the related product information does not imply BFDL’s partnership with the owner of the intellectual property of such products and is solely for the purpose of information, unless otherwise provided by BFDL.