{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.bank.in\/iblogs\/fixed-deposit\/monthly-interest-for-1-crore-fixed-deposit\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.bank.in\/iblogs\/fixed-deposit\/monthly-interest-for-1-crore-fixed-deposit\/","headline":"Monthly Interest Rates for \u20b9 1 Crore Fixed Deposit","name":"Monthly Interest Rates for \u20b9 1 Crore Fixed Deposit","description":"Fixed deposits (FDs) have long been a favoured investment choice for individuals seeking safety and guaranteed returns. What has made FDs even more popular is that you can receive interest credits to your account every month if you want.  With a large amount like \u20b9 1 crore, the potential for earning monthly interest can be...","datePublished":"2024-10-25","dateModified":"2025-07-11","author":{"@type":"Person","@id":"https:\/\/www.indusind.bank.in\/iblogs\/author\/indusind_bank_pfx_team_indperformics-com\/#Person","name":"CONVONIX Antony","url":"https:\/\/www.indusind.bank.in\/iblogs\/author\/indusind_bank_pfx_team_indperformics-com\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/7d15b864167d3868c12ffdda340cc1c9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7d15b864167d3868c12ffdda340cc1c9?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.bank.in\/iblogs\/wp-content\/uploads\/Monthly-Interest-Rates-for-1-Crore-Fixed-Deposit.jpg","url":"https:\/\/www.indusind.bank.in\/iblogs\/wp-content\/uploads\/Monthly-Interest-Rates-for-1-Crore-Fixed-Deposit.jpg","height":288,"width":764},"url":"https:\/\/www.indusind.bank.in\/iblogs\/fixed-deposit\/monthly-interest-for-1-crore-fixed-deposit\/","about":["Fixed Deposit"],"wordCount":1455,"articleBody":"Fixed deposits (FDs) have long been a favoured investment choice for individuals seeking safety and guaranteed returns. What has made FDs even more popular is that you can receive interest credits to your account every month if you want. With a large amount like \u20b9 1 crore, the potential for earning monthly interest can be huge. But how much monthly interest on a \u20b9 1 crore FD can you earn? Let’s calculate that with the details and explore how IndusInd Bank can help you maximise your returns.Monthly Interest Payout on \u20b91 Crore FD Investing \u20b91 crore in a fixed deposit (FD) can provide a stable monthly income, especially if you opt for a monthly interest payout. The monthly interest depends on the interest rate offered by the bank and the tenure of the deposit.  For instance, if the interest rate is 7.75% per annum, the monthly interest would be approximately \u20b964,583. Formula: Monthly Interest = \u20b91,00,00,000 \u00d7 (7.75\/100) \u00f7 12 = \u20b964,583 This option is ideal for individuals seeking regular income, such as retirees or those looking to supplement monthly expenses. Yearly Interest Payout on \u20b91 Crore FD If you prefer receiving interest annually, the payout is straightforward. At an interest rate of 7.75% per annum, the yearly interest on \u20b91 crore would be: Yearly Interest = \u20b91,00,00,000 \u00d7 (7.75\/100) = \u20b97,75,000 Annual payouts are suitable for those who want to reinvest the interest or use it for large yearly expenses.Please note that this is a simplified calculation. For detailed guidance, please contact a bank representative.\u00a0\u00a0\u00a0Tax Implication on \u20b91 Crore Fixed Deposit Interest earned on fixed deposits is taxable under the Income Tax Act. For a \u20b91 crore FD, the annual interest of \u20b97.75 lakh would be added to your total income and taxed as per your applicable slab rate.  Key Points: TDS (Tax Deducted at Source): Banks deduct TDS at 10% if the interest exceeds \u20b940,000 (\u20b950,000 for senior citizens) in a financial year. Form 15G\/15H: These forms can be submitted to avoid TDS if your total income is below the taxable limit. Advance Tax: If your total tax liability exceeds \u20b910,000 in a financial year, you may need to pay advance tax. Consult a tax advisor to plan your FD investments efficiently and minimize tax liability. Penalty on a Premature Withdrawal of a \u20b91 Crore Fixed Deposit Premature withdrawal of a fixed deposit can lead to reduced interest earnings due to penalties. Most banks charge a penalty of 0.5% to 1% on the applicable interest rate.\u00a0Example: FD Amount: \u20b91 crore Original Rate: 7.75% Withdrawn after 6 months Applicable Rate for 6 months: 5.5% Penalty: 1% Effective Rate: 4.5% Interest Earned: \u20b91,00,00,000 \u00d7 (4.5\/100) \u00d7 (6\/12) = \u20b92,25,000 Always check the bank\u2019s premature withdrawal policy before investing, especially for large deposits.How to Book an FD with IndusInd Bank?Booking an FD with IndusInd Bank is easy, whether you are an existing customer or a new one.For Non-IndusInd Bank Customers:Visit the IndusInd Bank Fixed Deposit page and click on \u2018Apply Now\u2019.Begin by verifying your PAN and Aadhar details.Provide your personal information and the specifics of your fixed deposit.Complete the Video-KYC process for identity verification.Transfer \u20b9 1 crore to your fixed deposit account. IndusInd Bank customers can use our IndusMobile application or our IndusNet banking portal to book an FD. a. Using IndusMobileUse your mobile banking ID to log in and select the deposit option. Click on \u2018Create Fixed Deposit\u2019 and fill out the form.The amount will be transferred from your savings account to the fixed deposit.b. Using IndusNetLog in to your Internet banking account and select the deposit option.Fill in your details and transfer the amount from your savings account to the fixed deposit.Points to Remember Before Investing in a \u20b9 1 Crore FDBefore you invest in and start earning \u20b9 1 crore FD interest per month, it is crucial to note the following points:While FDs offer safety, withdrawing funds before maturity can attract penalties and affect your returns.Interest earned on FDs is taxable. Consider the tax impact on your overall income.The total interest earned on your FD can differ as per the compounding frequency. Also Read: Cumulative Deposit \u2013 What Is Cumulative Fixed DepositConclusionInvesting in a \u20b9 1 crore fixed deposit is a prudent choice for those seeking a reliable income stream with minimal risk. With IndusInd Bank\u2019s Fixed Deposits, you benefit from high interest rates, flexible tenures, and an easy booking process. Secure your financial future with IndusInd Bank. Open a Fixed Deposit account today and enjoy the peace of mind that comes with guaranteed returns.Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.Share This:"}