If you are a retired individual who has a notable amount of idle funds and are looking to increase your overall yield, then look no further! Opting for FDs may be the most suitable option as your returns could multiply significantly over the course of a few years.
For instance, a lump sum of ₹10 Crores could earn you an additional ₹3.38 Crores in 5 years, with an interest rate of only 6%. These can boost your finances to help you get your dream home or vehicle, among others. Learn more about the applicable interest rates across our partner and issuer pages below to start investing in FDs.
Monthly Interest Payout on ₹10 Crores Fixed Deposit
The below-mentioned table shows the monthly interest payout you would earn on a ₹10 Crores FD for different interest rates -
Deposit Amount | Interest Rate (p.a.) | Monthly Interest Payout |
₹10 Crores | 6.00% | ₹5,00,000 |
₹10 Crores | 6.50% | ₹5,41,667 |
₹10 Crores | 7.00% | ₹5,83,333 |
₹10 Crores | 7.50% | ₹6,25,000 |
₹10 Crores | 8.00% | ₹6,66,667 |
₹10 Crores | 8.50% | ₹7,08,333 |
₹10 Crores | 9.00% | ₹7,50,000 |
₹10 Crores | 9.50% | ₹7,91,667 |
₹10 Crores | 10.00% | ₹8,33,333 |
Find out about the interest you could earn on your fixed deposit of ₹10 Crores with a tenor of 5 years via the below tables:
₹10 Crore FD Interest Per Month Offered by NBFCs - Non-Senior Citizen
Below are the FD rates offered by NBFCs along with the monthly interest amount and the total maturity payout for non-senior citizens on a tenor of 5 years:
Issuer | Type | Interest Rate for Non-Senior Citizen | Monthly Interest Amount | Total Payout at Maturity |
NBFC | 7.50% p.a. | ₹ 6,04,176 | ₹ 14,19,01,343 |
Disclaimer: The above-mentioned rate is subject to change as per issuer’s discretion.
₹10 Crore FD Interest Per Month Offered by NBFCs - Senior Citizen
Here are the FD rates offered by NBFCs for senior citizens along with the monthly interest amount and the total maturity payout on a tenor of 5 years:
Issuer | Type | Interest Rate for Senior Citizen | Monthly Interest Amount | Total Payout at Maturity |
PNB Housing Finance Ltd. | NBFC | 7.75% p.a. | ₹ 6,25,000 | ₹ 14,35,62,933 |
Disclaimer: The above-mentioned rate is subject to change as per issuer’s discretion.
₹10 Crore FD Interest Per Month Offered by Banks - Non-Senior Citizen
Find out about the FD rates offered by banks along with the monthly interest amount and the total maturity payout for non-senior citizens on a tenor of 5 years:
Issuer | Type | Interest Rate Non-Senior Citizen | Monthly Interest Amount | Total Payout at Maturity |
ICICI Bank* | Bank | 6.75% p.a. | ₹ 5,62,500 | ₹ 13,86,24,317 |
IDFC First Bank | Bank | 6.95% p.a. | ₹ 5,79,167 | ₹ 13,99,27,780 |
Axis Bank | Bank | 7.00% p.a. | ₹ 5,83,333 | ₹ 14,02,55,173 |
Kotak Mahindra Bank* | Bank | 6.25% p.a. | ₹ 5,20,833 | ₹ 13,54,08,115 |
Bank of Baroda* | Bank | 5.25% p.a. | ₹ 4,37,500 | ₹ 12,91,54,791 |
SBI | Bank | 6.00% p.a. | ₹ 5,00,000 | ₹ 13,38,22,558 |
Disclaimer: The above-mentioned rate is subject to change as per issuer’s discretion.
* The mentioned interest rate is also applicable to senior citizens
₹10 Crore FD Interest Per Month Offered by Banks - Senior Citizen
Learn about the FD rates offered by banks for senior citizens along with the monthly interest amount and the total maturity payout on a tenor of 5 years:
Issuer | Type | Interest Rate Senior Citizen | Monthly Interest Amount | Total Payout at Maturity |
IDFC First Bank | Bank | 7.45% p.a. | ₹ 6,20,833 | ₹ 14,32,29,376 |
Axis Bank | Bank | 7.75% p.a. | ₹ 6,45,833 | ₹ 14,52,40,051 |
SBI | Bank | 6.50% p.a. | ₹ 5,41,667 | ₹ 13,70,08,666 |
Disclaimer: The above-mentioned rate is subject to change as per issuer’s discretion.
Following this, you may now have a better understanding of your potential interest earnings through an FD. Select any of the listed banks and NBFCs, and book your FD to start saving today! Use the FD calculator to compute the returns you can earn on various tenors.
Check the Monthly Interest Rate on your Fixed Deposits | ||
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 circ*mstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsem*nt 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.
