1 Crore FD Interest Per Month in India
Putting ₹1 crore in a fixed deposit is a big step for anyone who wants steady, safe monthly income.
The monthly interest you can earn from a ₹1 crore FD widely depends on your choice of bank, tenure, and whether you qualify for senior citizen rates.
Banks and NBFCs are offering interest rates between 6.5% and 9% for high-value FDs, depending on the tenure and the institution you pick. That means your monthly interest can range from ₹54,167 to ₹75,000 before tax.
But the story doesn’t end with picking the highest rate. The interest you earn is fully taxable, and TDS applies if your yearly interest crosses ₹40,000 (₹50,000 for senior citizens).
If you are in the 30% tax slab, your monthly payout drops sharply after tax.
The tenure you choose also matters: longer FDs can bring higher rates, but they lock up your money and may come with penalties if you need to withdraw early.
So, if you are thinking about putting ₹1 crore in a FD, you probably want to know exactly how much you will get every month.
Let’s break it down to help you make the smartest choice for your money.
How Much Monthly Interest on ₹1 Crore FD?
The monthly interest you earn on a ₹1 crore FD depends on the bank, the tenure, and whether you’re a senior citizen.
In 2025, most large banks offer rates between 7% and 8.3% for long-term FDs.
So, if you are wondering that which banks offer the best interest rates for ₹1 Crore FD? Here’s is the complete list:
Public Sector Banks: 1 Crore FD Interest Per Month & Stability
Public sector banks are the backbone of India’s banking system. When you put ₹1 crore in a public sector bank FD, you are choosing government-backed security and a predictable payout.
What many investors don’t realize is that these banks often have special FD rates for senior citizens and sometimes introduce limited-period offers around the end of the financial year.
If you want your money in a place where trust and tradition matter, public sector banks are a solid bet for your “1 crore FD interest per month” plan –
- State Bank of India (SBI)
- Regular: 6.50% → ₹54,167/month
- Senior Citizen: 7.50% → ₹62,500/month
- Punjab National Bank (PNB)
- Regular: 6.50% → ₹54,167/month
- Senior Citizen: 7.30% → ₹60,833/month
- Bank of Baroda
- Regular: 6.50% → ₹54,167/month
- Senior Citizen: 7.50% → ₹62,500/month
- Central Bank of India
- Regular: 6.25% → ₹52,083/month
- Senior Citizen: 6.75% → ₹56,250/month
- Bank of India
- Regular: 6.00% → ₹50,000/month
- Bank of Maharashtra
- Regular: 4.90% → ₹40,833/month
- Indian Overseas Bank
- Regular: 6.50% → ₹54,167/month
- Senior Citizen: 7.75% → ₹64,583/month
- IDBI Bank
- Regular: 6.25% → ₹52,083/month
- Senior Citizen: 6.75% → ₹56,250/month
- City Union Bank
- Regular: 5.25% → ₹43,750/month
Private Sector Banks: 1 Crore Fixed Deposit Interest Per Month with Flexibility
Private sector banks are known for their competitive rates and customer-friendly features. With a ₹1 crore FD, you get more than just a good interest rate-you get digital tools to track your returns, easy online account management, and often the option to customize your payout frequency.
Many private banks offer “special FDs” for large deposits, so always ask if there is a better rate for amounts above ₹1 crore.
If you want a mix of higher returns and modern banking, private sector banks are worth a close look for maximizing your “monthly interest on 1 crore FD”
- HDFC Bank
- Regular: 7.00% → ₹58,333/month
- Senior Citizen: 7.50% → ₹62,500/month
- ICICI Bank
- Regular: 7.00% → ₹58,333/month
- Senior Citizen: 7.50% → ₹62,500/month
- Axis Bank
- Regular: 7.00% → ₹58,333/month
- Senior Citizen: 7.75% → ₹64,583/month
- IndusInd Bank
- Regular: 7.25% → ₹60,417/month
- Senior Citizen: 8.00% → ₹66,667/month
- YES Bank
- Regular: 7.25% → ₹60,417/month
- Senior Citizen: 8.00% → ₹66,667/month
- Kotak Mahindra Bank
- Regular: 6.20% → ₹51,667/month
- Senior Citizen: 6.70% → ₹55,833/month
- IDFC First Bank
- Regular: 7.00% → ₹58,333/month
- Senior Citizen: 7.50% → ₹62,500/month
Small Finance Banks: Highest FD Interest Rates for 1 Crore Deposits
Small finance banks often top the charts for FD rates-sometimes offering 1–1.5% more than bigger banks.
For a ₹1 crore FD, this can mean an extra ₹10,000–₹15,000 in your pocket every month. These banks are regulated by the RBI and covered by deposit insurance up to ₹5 lakh per bank, just like the big players.
If your goal is to squeeze the most out of your “1 crore fixed deposit interest per month,” small finance banks are where you will find the highest numbers-but always check the latest rates and bank’s financial health first.
- Jana Small Finance Bank
- Regular: 7.25% → ₹60,417/month
- Senior Citizen: 7.75% → ₹64,583/month
- RBL Bank
- Regular: 7.10% → ₹59,167/month
- Senior Citizen: 7.60% → ₹63,333/month
- Unity Small Finance Bank
- Regular: 9.00% → ₹75,000/month
- Senior Citizen: 9.50% → ₹79,167/month
Foreign Banks: 1 Crore FD Monthly Interest for Global Banking Needs
Foreign banks cater to customers who value international access and premium service. Their FD rates for ₹1 crore are usually lower than Indian banks, but they offer perks like global account access, priority service, and sometimes special NRI FD schemes.
If you travel often or need banking solutions across countries, a foreign bank FD can be a smart part of your “1 crore FD monthly interest” strategy, even if the headline rate isn’t the highest.
- HSBC Bank
- Regular: 6.00% → ₹50,000/month
- Senior Citizen: 6.50% → ₹54,167/month
Top NBFCs & Housing Finance Companies: 1 Crore FD Monthly Interest with Higher Returns
NBFCs and housing finance companies are known for offering FD rates that beat most banks, especially for bigger deposits.
For a ₹1 crore FD, the difference can add up to lakhs over five years.
NBFC FDs come with different deposit insurance rules, so always check the company’s credit rating and reputation before investing.
If you’re chasing the best “fixed deposit interest rates for 1 crore” and are comfortable with a bit more research, NBFCs can help you earn more every month.
- Bajaj Finance
- Regular: 8.40% → ₹70,000/month
- Senior Citizen: 8.65% → ₹72,083/month
- Mahindra Finance
- Regular: 8.05% → ₹67,083/month
- Senior Citizen: 8.30% → ₹69,167/month
- PNB Housing Finance
- Regular: 7.65% → ₹63,750/month
- Senior Citizen: 7.95% → ₹66,250/month
How to Calculate Your Monthly FD Interest for One Crore Rupees?
The FD interest formula is simple:
Monthly Interest = Principal × Interest Rate / 12
So, if you put ₹1 crore in a bank offering 8% per annum:
Monthly Interest = 1,00,00,000 × 8 / 100 × 12 = ₹66,666
Tax on 1 Crore FD Interest
All interest from your ₹1 crore FD is added to your total annual income and taxed according to your income tax slab.
If your total income (including FD interest) puts you in the 30% tax bracket, your FD interest will be taxed at 30% plus any applicable cess.
TDS (Tax Deducted at Source) on Bank FDs
- Banks deduct 10% TDS on FD interest if your total interest from all FDs in a bank crosses ₹40,000 in a year (₹50,000 for senior citizens).
- If you haven’t submitted your PAN card, TDS jumps to 20%.
- For a ₹1 crore FD, your annual interest is usually much higher than these limits, so TDS will definitely apply.
TDS on NBFC FDs
- Non-Banking Financial Companies (NBFCs) deduct TDS at 10% if your annual interest crosses just ₹5,000.
- The same 20% TDS rate applies if PAN is not provided.
How TDS Works in Practice
Let’s say you earn ₹8 lakh interest per year on your ₹1 crore FD:
- The bank will deduct ₹80,000 as TDS (10% of ₹8 lakh) if your PAN is updated.
- If you’re in the 30% tax bracket, you’ll need to pay the remaining tax (another 20% plus cess) when you file your income tax return.
Can You Avoid TDS on your 1 Crore FD Interest Income?
- If your total income is below the taxable limit, you can submit Form 15G (or 15H for seniors) to avoid TDS. But for most people with a ₹1 crore FD, this won’t apply.
- You can split FDs across multiple banks and family members to try and keep interest below the TDS threshold, but this is rarely practical for such a large amount.
Pro Tip: Always check your Form 26AS to see how much TDS has been deducted on your FDs. This helps you avoid surprises at tax time and ensures you get credit for the tax already paid.
How to Maximize Your Monthly 1 Crore FD Returns?
Getting the most out of your ₹1 crore fixed deposit isn’t just about picking the highest rate. Small changes in how you invest 1 crore rupees, which bank you choose, and how you handle taxes can boost your monthly interest by thousands of rupees.
Here are key ways to maximize your monthly FD returns and make your ₹1 crore work harder for you.
- Compare rates from different banks and NBFCs before investing.
- Split your FDs across banks and family members to reduce TDS.
- Use senior citizen FDs if you or your parents are eligible-these offer higher rates.
- Check premature withdrawal rules-most banks charge a penalty if you break the FD early.
- Consider tax-saver FDs for 5 years if you want Section 80C benefits (up to ₹1.5 lakh deduction).
Are There Better Alternatives to Bank FDs for 1 Crore Investment?
If you want higher returns and can take a little more risk, look at:
- Corporate Bonds: 9–10% returns, but risk is higher than FDs.
- Debt Mutual Funds: 7–8.5% returns, with some tax benefits if held for 3+ years.
- P2P Lending: 12–14% returns, but risk is much higher.
- Senior Citizen Savings Scheme: 8.2% returns, only for 60+ age group.
FAQs about 1 Crore FD Interest Per Month
No, you cannot get ₹1 lakh per month from a ₹1 crore fixed deposit in any major Indian bank or NBFC. To earn ₹1 lakh monthly, you would need a 12% annual interest rate, but the highest FD rates in India currently range from 7% to 9%. At 9%, the monthly interest on ₹1 crore is ₹75,000 before tax.
The best tenure for a ₹1 crore FD depends on your goal. Longer tenures, such as 5 or 10 years, usually offer higher interest rates, resulting in better monthly payouts. However, some banks provide special rates for 1–3 year FDs. Always compare rates for different periods and check if the bank offers a special scheme for high-value deposits
A ₹1 crore FD in a scheduled commercial bank is considered safe, but only ₹5 lakh per bank is covered by DICGC insurance. To increase safety, split your ₹1 crore across multiple banks. Also, choose banks with a strong track record and high credit ratings for added security.
Yes, you can withdraw your FD before maturity, but banks usually charge a penalty of 0.5% to 1% on the interest rate. This reduces your effective earnings, so always check the penalty terms before booking your FD.
You do not get any special tax benefits just for investing ₹1 crore in a regular fixed deposit. The interest you earn from a ₹1 crore FD is fully taxable as “income from other sources” and is added to your total income for the year.
You can claim deductions under Section 80C for your fixed deposit, but only if you invest in a tax-saving FD scheme with a 5-year lock-in period. The maximum deduction allowed under Section 80C is ₹1.5 lakh per financial year, regardless of your total FD amount-even if you invest ₹1 crore, only ₹1.5 lakh qualifies for the deduction.
Conclusion
In brief, a ₹1 crore FD gives you more than just a steady monthly payout-it gives you the power to shape your financial future with confidence.
By comparing rates, understanding the fine print, and planning for taxes, you can turn a simple deposit into a reliable stream of income that fits your lifestyle.
With the right choices, your money doesn’t just sit in the bank-it works for you, delivering peace of mind and opening up new possibilities every single month.
Team LenDenClub
LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping investors diversify their investments beyond traditional investment instruments ever since.