₹10 Crore FD Interest Per Month


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.

₹10 Crore Fixed Deposit Monthly Interest

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
*Please note that the above table indicates an approximate value of the interest earned each month. The actual interest earned per month will depend on the interest rate of Banks or NBFCs.

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Best FD Rates for ₹10 Crore FD by Banks & NBFCs

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:

Monthly Interest on ₹10 Crore FD By Public Sector 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

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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.

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Monthly Interest on ₹10 Crore FD By Private Sector Banks

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

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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.

Monthly Interest on ₹10 Crore FD By Small Finance Banks

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
Note- Please note that the interest rates are subject to change. Please check the official website for the latest information.

Compare FD Interest Rates From Top Lenders

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

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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.

FD Calculator

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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Steps To Open an FD Account For ₹10 Crore

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

  • Step 1: Choose your preferred bank and visit its website.
  • Step 2: If you are an existing customer, you can log into your account. However, if you are a new customer, you can register or apply for an FD account directly.
  • Step 3: Go to the Fixed Deposit account section and click ‘Apply Now’.
  • Step 4: Depending on the bank you choose, you may have to contact the bank directly for a deposit of ₹10 crore.
  • Step 5: Fill in the application form with all the necessary details, including the deposit amount, tenure and interest rate.
  • Step 6: You can initiate the transfer of ₹10 Crore, and once your details and KYC documents are verified, your FD account will be open.

Offline Application

  • Step 1: Visit the preferred bank’s branch and tell the bank representative about your interest in their FDs.
  • Step 2: Provide your KYC documents for verification.
  • Step 3: Fill in the application form for FD account opening.
  • Step 4: Negotiate for the highest FD interest rate for a ₹10 crore to maximise returns.
  • Step 5: Initiate the transfer of your ₹10 crore into the FD account and once the bank receives it, your FD will be open.

Eligibility Criteria For ₹10 Crore FD

A ₹10 crore FD can be opened by any of the following:

  • Indian Residents
  • Hindu Undivided Families (HUFs)
  • Senior Citizens and Women
  • Minors
  • Sole Proprietorship Firms
  • Partnership Firms
  • Companies
  • Family Trusts
  • Associations
  • Clubs
  • Societies

Documents Required For ₹10 Crore FD

Several documents are required to open a ₹10 Crore Fixed deposit, these are:

  • Identity Proof: Aadhaar Card, PAN Card, Voter ID, Passport or Driving License.
  • Address Proof: Utility bills, Rent Agreement, Passport, Aadhaar Card, or Driving License.
  • PAN Card: Necessary for large investments.

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Frequently Asked Questions

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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