1 Crore Fixed Deposit (FD) Interest Per Month – Banks Monthly Interest Rate on 1Cr FD

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1 crore FD interest per month sounds like a good proposition, especially for those seeking steady fixed income minus any market fluctuations or volatility. Here is a handy guide towards the same.

1 Crore FD Interest Per Month – An Introduction

While earning 1 crore interest per month would require you to invest a humungous amount (running into numerous zeroes), you can always look up 1 crore fixed deposit how much income per month if that is what you are targeting at retirement. Here are some key points worth noting in this regard.

  • In fact, a majority of Indian investors always prefer fixed deposits or FDs since these are safe and secure investments with guaranteed returns and regular payouts (monthly/quarterly),while there are tax-saver options available as well.
  • Interest on 1 crore will make for a good salary in itself in India, helping meet various expenses.
  • In some cases, for those who have accumulated the corpus already and then some, interest on 1 crore FD may help them retire early to pursue other passions as well!
  • The income amount will naturally depend on the rates of interest offered by various Indian banks and financial institutions.
  • A higher rate of interest will naturally guarantee a higher monthly payout and so on.
  • Suppose your bank is giving you an interest rate of 5% per month. In this case, your earnings will be INR 5,00,000 per year or roughly INR 41,667 per month.
  • If the bank gives you an interest rate of 6%, then you will get INR 6,00,000 annually or roughly INR 50,000 per month.
  • This is how a small difference in the rate of interest makes a big difference in your monthly income from the FD.

1 Crore FD Interest Calculation Annually and Monthly

1 Crore FD Interest Per Month Annual Income On 1 Crore Fixed Deposit Monthly Interest on 1 Crore FD
7% ₹ 7 Lakhs ₹ 58,333
6.50% ₹ 6.5 Lakhs ₹ 54,167
5.50% ₹ 5.5 Lakhs ₹ 45,833
5% ₹ 5 Lakhs ₹ 41,666

Also Read: Best FD Rates in India

Popular Banks Interest Rate for 1 Crore Per Month

There are many queries pertaining to interest for 1 crore in SBI per month or other banks. Here are the details related to monthly interest for 1 crore in banking and non-banking financial institutions. Note that senior citizens get an extra 0.25-0.75% incentive for interest rates.

Here are the average interest rates at leading banking and financial institutions (note that rates are subject to change).

Name of the Banking Institution Regular Customers (per annum) Senior Citizens (per annum)
ICICI Bank 2.50% to 4.40% 2.50% to 4.40%
State Bank of India 2.90% to 5.40% 3.40% to 6.20%
Punjab National Bank 2.90% to 5.25% 3.50% to 5.75%
HDFC Bank 2.50% to 5.50% 3.00% to 6.25%
Axis Bank 2.50% to 5.75% 2.50% to 6.50%
Canara Bank 2.90% to 5.25% 2.90% to 5.75%
IDFC Bank 2.75% to 5.75% 3.25% to 6.25%
Punjab and Sind Bank 3.00% to 5.30% 3.50% to 5.60%
Bank of Baroda 2.80% to 5.25% 3.30% to 5.75%
Bank of India 2.85% to 5.05% 3.35% to 5.55%

 Eligibility Guidelines for 1 Crore FD Investment

  • You should be more than 18 years of age.
  • You should complete all KYC procedures while submitting your age, address and identity proof documents.
  • You should have your PAN Card.
  • Minors may have FDs opened for them under the stewardship of their legal guardians.

Documents that you need for 1 Crore FD

  • Proof of Address- Telephone, Electricity or Mobile Bill, Bank Statement with Cheque, etc.
  • Signature Proof- PAN Card, Passport, Driving License, etc.
  • Identity Proof- PAN Card, Passport, Driving License, Photograph Ration Card, Government Identity Card, etc.

Senior citizens are required to submit some extra documents including Form 15 H and their age proof.

Taxation Aspects

There are various tax-related aspects that you should consider in this regard. They include the following:

  • Interest income is completely taxable on your 1 crore fixed deposit (FD).
  • It will be taken as Income from other sources while filing your ITR.
  • If interest income from all your FDs is lower than Rs. 40,000, then TDS will not be deducted by your bank. If it crosses this amount, then 10% TDS will be deducted.
  • If the total income is lower than the minimum taxable sum, then you will not have to pay taxes on your interest income.
  • Yet, there will still be a 10% TDS deduction. In this case, you will then have to provide Forms 15G and 15H to the bank at the start of each financial year for preventing the deduction of the TDS.
  • However, if you are in the 20/30% and higher tax brackets, then you will have to pay the remaining tax amount from your own pocket before filing ITR.

Also Read: Best Fixed-income Investment Options That Offer Guaranteed Returns


As you can see, 1 crore FD interest per month will help you earn a steady, guaranteed and worry-free income. You can accumulate this corpus and put it into an FD (fixed deposit) for keeping your funds safe while earning enough to cover all your monthly expenses. It may also help you retire early with a safety net, and then follow other passions or entrepreneurial pursuits.


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Gayatri Prabhu, Head-Digital Business at Mahindra Insurance Brokers Limited (MIBL) is one those few digital leaders who has the width and depth that is required to execute an ROI driven holistic digital strategy. She cuts through the noise, identifies the critical levers and leads her team to successful execution of the defined strategy. Her core mantra to win new and retain existing customers is: understand the consumer behavior and craft experiences around it.

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