A 10 Crore FD can help you earn a substantial amount of interest per month. Providing you with a safe and reliable income stream. Along with the freedom to utilize your income for daily expenses, reach your financial goals and enjoy a comfortable lifestyle. Maximizing your returns is important with a deposit of ₹10 Crore. So, choosing the right bank and NBFC that offers you the best interest rates is crucial.
A ₹10 crore FD interest per month will approximately be ₹6,25,190 if the interest rate is 7.30%. Banks are currently offering interest rates ranging from 2.75% to 9.00% p.a. for tenures ranging from 7 days to 10 years.
TDS for a ₹10 Crore FD will be deducted according to the Income Tax Act of 1961. If the interest on the FD exceeds ₹40,000 or ₹50,000 if you are a senior citizen, TDS will be deducted.
The monthly interest for a ₹10 Crore deposit will depend on the interest rate given by the bank or NBFC. The table below shows what a ₹10 crore FD interest per month can give you according to the interest rate you choose:
Interest Rate %(p.a.) | Monthly Interest Income | Annual Interest Income |
---|---|---|
4% | ₹3,33,333.33 | ₹4,000,000 |
5% | ₹4,16,666.67 | ₹5,000,000 |
6% | ₹5,00,000 | ₹6,000,000 |
7% | ₹5,83,333.33 | ₹7,000,000 |
8% | ₹6,66,666.67 | ₹8,000,000 |
9% | ₹7,50,000 | ₹9,000,000 |
10% | ₹8,33,333.33 | ₹10,000,000 |
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Banks offer attractive interest rates for deposits of ₹10 Crore. Carefully considering which bank to invest in is important as it will impact your returns. Furthermore, you should also consider the tenure of the investment, as each tenure will give you different interest rates.
The table below will give you the best FD rates for ₹10 Crores offered by banks:
The best FD rates for 10 crores offered by the Public Sector Banks are given in the table below:
Bank | Interest Rate (p.a.) | Monthly Interest (approx.) | Yearly Interest (approx.) |
---|---|---|---|
Punjab & Sind Bank | 7.50% | ₹6,25,000 | ₹75,00,000 |
Bank of Baroda | 7.55% | ₹6,29,16.67 | ₹75,50,000 |
Bank of India | 7.60% | ₹6,33,333.33 | ₹76,00,000 |
Canara Bank | 7.65% | ₹63,75,00 | ₹76,50,000 |
Central Bank of India | 7.19% | ₹5,99,167 | ₹71,90,000 |
Indian Bank | 7.40% | ₹6,16,666.67 | ₹74,00,000 |
Punjab National Bank | 7.30% | ₹6,08,333.33 | ₹73,00,000 |
Union Bank of India | 7.50% | ₹6,25,000 | ₹75,00,000 |
State Bank of India | 7.00% | ₹5,83,333.33 | ₹70,00,000 |
Bank of Maharashtra | 7.25% | ₹6,04,166.67 | ₹72,50,000 |
UCO Bank | 6.80% | ₹5,66,666.67 | ₹68,00,000 |
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Note- The interest rates are subject to change and the values given above are an estimation. Please check the official website or contact the bank authorities for proper information.Don't know your credit score? You can find out for free!
The table below shows you the highest FD interest rates for 10 crore offered by the Private sector banks:
Bank | Interest Rate (p.a.) | Monthly Interest (approx.) | Yearly Interest (approx.) |
---|---|---|---|
IndusInd Bank | 7.65% | ₹63,75,00 | ₹76,50,000 |
Bandhan Bank | 7.80% | ₹6,50,000 | ₹78,00,000 |
DCB Bank | 8.20% | ₹6,83,333.33 | ₹82,00,000 |
Kotak Mahindra Bank | 7.45% | ₹6,20,833.33 | ₹74,50,000 |
Federal Bank | 7.65% | ₹63,75,00 | ₹76,50,000 |
City Union Bank | 7.55% | ₹6,29,16.67 | ₹75,50,000 |
Axis Bank | 7.40% | ₹6,16,666.67 | ₹74,00,000 |
ICICI Bank | 7.75% | ₹6,45,833.33 | ₹77,50,000 |
HDFC Bank | 7.40% | ₹6,16,666.67 | ₹74,00,000 |
IDFC First Bank | 7.55% | ₹6,29,16.67 | ₹75,50,000 |
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Note-The interest rates are subject to change and the values given above are an estimation. Please check the official website or contact the bank authorities for proper information.The best FD rates for 10 crore offered by Small Finance Banks are given in the table below:
Bank | Interest Rate (p.a.) | Monthly Interest (approx.) | Yearly Interest (approx.) |
---|---|---|---|
Jana Small Finance Bank | 8.25% | ₹6,87,500 | ₹82,50,000 |
Equitas Small Finance Bank | 8.30% | ₹6,91,667 | ₹83,00,000 |
Unity Small Finance Bank | 9.00% | ₹7,50,000 | ₹90,000,000 |
Capital Small Finance Bank Limited | 7.75% | ₹6,45,833.33 | ₹77,50,000 |
For a significant investment like ₹10 Crore FD, getting the highest monthly returns is of utmost importance. To maximise returns, you will need to compare the interest rates offered by various banks. Below is a comparison of different banks along with their interest rates and tenures:
Banks | Interest Rates p.a. | FD Tenure |
---|---|---|
HDFC Bank | 4.75% to 7.40% | 7 days to 10 years |
Axis Bank | 4.75% to 7.40% | 7 days to 10 years |
SBI Bank | 5.25% to 7.00% | 7 days to 10 years |
Canara Bank | 4.50% to 7.65% | 7 days to 10 years |
ICICI Bank | 4.75% to 7.75% | 7 days to 10 years |
PNB | 6.00% to 7.30% | 7 days to 10 years |
Bank of Baroda | 5.00% to 7.55% | 7 days to 10 years |
Indian Bank | 6.00% to 7.40% | 7 days to 10 years |
IDBI Bank | 6.81% to 7.41% | 91 days to 2 years |
IndusInd Bank | 6.00% to 7.65% | 7 days to 10 years |
Kotak Mahindra Bank | 4.50% to 7.45% | 7 days to 7 years |
IDFC First Bank | 5.50% to 7.55% | 7 days to 10 years |
Karnataka Bank | 3.50% to 7.25% | 7 days to 10 years |
Central Bank of India | 5.00% to 7.19% | 7 days to 10 years |
Bank of Maharashtra | 2.75% to 7.25% | 7 days to above 5 years |
Tamilnad Mercantile Bank (TMB) | 5.25% to 7.25% | 7 days to 10 years |
City Union Bank | 6.00% to 7.55% | 7 days to 10 years |
J&K Bank | 6.00% to 7.65% | 7 days to 10 years |
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Note- The interest rates are subject to change. Please check the official website or contact the bank authorities for proper information.Knowing the ₹10 crore FD returns per month is important so you can choose an FD that offers the best interest rates for a short tenure. This way you can maximize your returns efficiently and get the most out of your investment. You can know your maturity value by using the fixed deposit calculator for 10 crores.
It is an easy and simple tool to use. All you need to do is enter the deposit amount of ₹10 Crore, the tenure and interest rate of your choice, and you will get the maturity amount of your FD.
Maturity Date | : |
Invested Amount | : ₹10,000 |
Interest Amount | : ₹666 |
Maturity Amount | : ₹10666 |
To know your monthly returns on 10 crore FD, you can calculate the tenure for 1 year and minus the maturity amount with the deposit amount. After which, you can then divide it by 12 months. For example:
If the interest rate for the deposit is 7.3% for a 1 year tenure, then the maturity value will be approximately ₹10,75,02,280.
The interest amount of which is ₹10,75,02,280 - ₹10,00,00,000 which equals to ₹75,02,280.
Therefore, the ₹10 crore FD interest per month will be ₹75,02,280 divided by 12 which equals ₹6,25,190 approximately.
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You can open a fixed deposit account for a deposit of ₹10 crore from various banks online or offline. Here are the steps on how to open a ₹10 Crore FD:
Online Application
Offline Application
A ₹10 crore FD can be opened by any of the following:
Several documents are required to open a ₹10 Crore Fixed deposit, these are:
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The monthly interest on a 10 crore FD will depend on the bank, interest rate and tenure that you choose.
You can easily calculate the monthly interest on a ₹10 crore FD by using an FD calculator online and then dividing the yearly interest amount by 12.
Currently, Unity Small Finance Bank is offering the highest FD interest rate of 9.00% on a deposit of ₹10 Crore.
The interest on your 10 crore FD is taxable as per the Income Tax Act, 1961. TDS may apply if interest exceeds ₹40 lakh or ₹50 lakh for seniors.
The higher the interest rate, the more returns you will receive and the lower the interest rate, the lesser returns you will get.
Yes, you can receive monthly interest payout on a ₹10 crore FD if you choose that option.
The benefits of investing ₹10 crore in an FD are high monthly interest, assured returns and low risk investment.
Yes, you can withdraw the interest earned on a ₹10 crore FD if you choose the monthly payable option.
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