₹ 1 Crore FD Interest Rate
₹ 1 Crore FD: Details
| Banks | FD Interest on ₹ 1 Crore | Senior Citizen Rates on ₹ 1 Crore FD |
| HDFC | 6.20% - 6.65% | 6.00% - 6.50% |
| Bajaj Finance | 5.75% - 7.00% | 6.00% - 7.25% |
| PNB Housing Finance | 5.75% - 6.85% | 6.00% - 6.95% |
| IDFC First Bank | 3.85% - 6.05% | 4.35% - 6.55% |
| SBI | 2.90% - 5.50% | 3.40% - 6.30% |
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₹ 1 Crore Fixed Deposit
A fixed deposit is an investment instrument that offers a higher rate of interest than a savings account. Investing ₹ 1 crore in a fixed deposit requires investment in your fixed deposit account over a fixed period of tenure. The tenure for ₹ 1 crore FD typically ranges from 7 Days to 10 Years.
Banks or financial institutions provide returns on your deposit at a fixed rate of interest. You can receive the returns on ₹ 1 crore fixed deposit in regular intervals, either fortnightly, monthly, quarterly or at the end of tenure. If you want regular income every month, you can choose the monthly interest payout fixed deposit.
Monthly Interest on ₹ 1 Crore Fixed Deposit
If you have invested the amount of ₹ 1 Crore in your fixed deposit account and chosen the option to receive monthly interest on your fixed deposit, the amount of monthly interest will depend on the FD Rates. Higher the FD rate, the higher will be your monthly interest income. Consider a few examples to understand this.
| 1 Crore FD Interest Per Month | Annual Income on 1 Crore Fixed Deposit | Monthly Interest on 1 Crore FD |
|---|---|---|
| 7% | ₹ 7 Lakhs | ₹ 58,333 |
| 6.5% | ₹ 6.5 Lakhs | ₹ 54,167 |
| 6% | ₹ 6 Lakhs | ₹ 50,000 |
| 5% | ₹ 5 Lakhs | ₹ 41,667 |
What is the Eligibility Criteria for One Crore FD?
If you want to invest in one crore FD, you need to fulfill the eligibility criterias as mentioned below:
What are the Documents Required for ₹ 1 Crore Fixed Deposit?
You need to submit the following documents for ₹ 1 Crore Fixed Deposit:
Documents Required for Senior Citizen
To invest in Senior Citizen for ₹ 1 Crore FD, you would require additional documents such as age proof, Form 15 H
1 Crore FD Interest Rate For Senior Citizen
FD Interest for 1 crore on senior citizen FD is 0.25% - 0.75% higher than the regular 1 Crore FD and ranges between 1.75% to 9.75%. The table below mentions one crore FD Interest on senior citizen FD for top banks.
| Bank Name | Senior Citizen FD Interest on 1 Crore |
|---|---|
| IndusInd Bank ⊕ Compare | 3.25% - 7.00% |
| RBL Bank ⊕ Compare | 3.75% - 7.00% |
| Bandhan Bank ⊕ Compare | 3.75% - 7.00% |
| Yes Bank ⊕ Compare | 3.75% - 7.00% |
| DCB Bank ⊕ Compare | 4.85% - 6.75% |
| India Post Office ⊕ Compare | 5.50% - 6.70% |
| UCO Bank ⊕ Compare | 2.80% - 6.67% |
| IDFC First Bank ⊕ Compare | 4.35% - 6.55% |
| HDFC Bank ⊕ Compare | 3.00% - 6.50% |
| Axis Bank ⊕ Compare | 2.50% - 6.50% |
| Federal Bank ⊕ Compare | 3.15% - 6.40% |
| IDBI Bank ⊕ Compare | 3.20% - 6.35% |
| SBI ⊕ Compare | 3.40% - 6.30% |
| Kotak Bank ⊕ Compare | 3.00% - 6.25% |
| Lakshmi Vilas Bank ⊕ Compare | 2.50% - 6.25% |
| ICICI Bank ⊕ Compare | 3.00% - 6.25% |
| Canara Bank ⊕ Compare | 2.90% - 6.20% |
| South Indian Bank ⊕ Compare | 3.00% - 6.15% |
| Karur Vysya Bank ⊕ Compare | 3.50% - 6.10% |
| Corporation Bank ⊕ Compare | 3.50% - 6.10% |
| Dhan Laxmi Bank ⊕ Compare | 3.75% - 6.00% |
| Union Bank of India ⊕ Compare | 3.50% - 6.00% |
| Andhra Bank ⊕ Compare | 3.50% - 6.00% |
| Karnataka Bank ⊕ Compare | 5.50% - 6.00% |
| Syndicate Bank ⊕ Compare | 2.90% - 6.00% |
| Jammu And Kashmir Bank ⊕ Compare | 3.40% - 6.00% |
| Bank of India ⊕ Compare | 3.35% - 5.95% |
| Indian Overseas Bank ⊕ Compare | 3.50% - 5.95% |
| Punjab and Sind Bank ⊕ Compare | 3.00% - 5.90% |
| United Bank of India ⊕ Compare | 3.50% - 5.80% |
| Bank of Baroda ⊕ Compare | 3.30% - 5.75% |
| OBC ⊕ Compare | 3.50% - 5.75% |
| Indian Bank ⊕ Compare | 3.30% - 5.75% |
| PNB ⊕ Compare | 3.50% - 5.75% |
| Central Bank of India ⊕ Compare | 3.25% - 5.65% |
| Bank of Maharashtra ⊕ Compare | 2.75% - 5.40% |
| Allahabad Bank ⊕ Compare | 3.40% - 4.05% |
TDS on ₹ 1 Crore Fixed Deposits
Compare Interest Rates for One Crore FD
As per the current rates, FD Interest rates for ₹ 1 crore ranges between 1.75% to 9.75%. Here are the interest rates offered by top banks for ₹ One Crore FD:
| Bank Name | Interest on ₹ 1 Cr FD |
|---|---|
| RBL Bank ⊕ Compare | 3.75% - 7.00% |
| Bandhan Bank ⊕ Compare | 3.75% - 7.00% |
| Yes Bank ⊕ Compare | 3.75% - 7.00% |
| IndusInd Bank ⊕ Compare | 3.25% - 7.00% |
| DCB Bank ⊕ Compare | 4.85% - 6.75% |
| India Post Office ⊕ Compare | 5.50% - 6.70% |
| UCO Bank ⊕ Compare | 2.80% - 6.67% |
| IDFC First Bank ⊕ Compare | 4.35% - 6.55% |
| Axis Bank ⊕ Compare | 2.50% - 6.50% |
| HDFC Bank ⊕ Compare | 3.00% - 6.50% |
| Federal Bank ⊕ Compare | 3.15% - 6.40% |
| IDBI Bank ⊕ Compare | 3.20% - 6.35% |
| SBI ⊕ Compare | 3.40% - 6.30% |
| ICICI Bank ⊕ Compare | 3.00% - 6.25% |
| Kotak Bank ⊕ Compare | 3.00% - 6.25% |
| Lakshmi Vilas Bank ⊕ Compare | 2.50% - 6.25% |
| Canara Bank ⊕ Compare | 2.90% - 6.20% |
| South Indian Bank ⊕ Compare | 3.00% - 6.15% |
| Karur Vysya Bank ⊕ Compare | 3.50% - 6.10% |
| Corporation Bank ⊕ Compare | 3.50% - 6.10% |
| Andhra Bank ⊕ Compare | 3.50% - 6.00% |
| Karnataka Bank ⊕ Compare | 5.50% - 6.00% |
| Syndicate Bank ⊕ Compare | 2.90% - 6.00% |
| Jammu And Kashmir Bank ⊕ Compare | 3.40% - 6.00% |
| Dhan Laxmi Bank ⊕ Compare | 3.75% - 6.00% |
| Union Bank of India ⊕ Compare | 3.50% - 6.00% |
| Bank of India ⊕ Compare | 3.35% - 5.95% |
| Indian Overseas Bank ⊕ Compare | 3.50% - 5.95% |
| Punjab and Sind Bank ⊕ Compare | 3.00% - 5.90% |
| United Bank of India ⊕ Compare | 3.50% - 5.80% |
| Bank of Baroda ⊕ Compare | 3.30% - 5.75% |
| OBC ⊕ Compare | 3.50% - 5.75% |
| Indian Bank ⊕ Compare | 3.30% - 5.75% |
| PNB ⊕ Compare | 3.50% - 5.75% |
| Central Bank of India ⊕ Compare | 3.25% - 5.65% |
| Bank of Maharashtra ⊕ Compare | 2.75% - 5.40% |
| Allahabad Bank ⊕ Compare | 3.40% - 4.05% |
FAQs
✅Is there a minimum and maximum cap to the monthly interest for ₹ 1 Crore fixed deposit?
The monthly interest for 1 Crore fixed deposit is fixed depending on the cumulative rate of interest and tenure. However there is no minimum and maximum cap to interest on ₹ 1 Cr FD. Currently interest rate on one crore FD ranges between 1.75% to 9.75%
✅Are 1 Crore FDs taxable?
Yes, the monthly interest on ₹ 1 Crore fixed deposit is fully taxable. Banks will also deduct TDS at 10% if the total ₹ 1 Cr FD interest exceeds ₹ 40,000
✅Are there any tax benefits for senior citizens that come along with the 1 crore rupees fixed deposit interest per month?
Yes, the limit for TDS deduction for senior citizens if they have invested in ₹ 1 Crore rupees fixed deposit is more than the regular citizens. For senior citizens, if the annual income on FD of ₹ 1 Crore is less than ₹ 50,000, banks do not deduct TDS. The limit for TDS Deduction on regular FD is ₹ 40,000
✅How to calculate monthly FD interest rates?
To calculate monthly FD Interest you need to annual interest rate to monthly FD Interest Rates using the steps as mentioned below:
✅How much interest for ₹ 1 crore in SBI per month?
The FD interest for ₹ 1 crore in SBI per month depends on the SBI FD rate of interest. As per the current FD Rates, SBI provides highest FD rates at 6.30%. So, ₹ 1 crore FD monthly interest will be ₹ 52,500.
