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.
₹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 Income | Annual Income |
| 4% | ₹3,33,333.33 | ₹40,00,000 |
| 5% | ₹4,16,666.67 | ₹50,00,000 |
| 6% | ₹5,00,000 | ₹60,00,000 |
| 7% | ₹5,83,333.33 | ₹70,00,000 |
| 8% | ₹6,66,666.67 | ₹80,00,000 |
| 9% | ₹7,50,000 | ₹90,00,000 |
| 10% | ₹8,33,333.33 | ₹1,00,00,000 |
*Approximate values, actual returns depend on lender rates.
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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 | Yearly Interest |
| Punjab & Sind Bank | 7.50% | ₹6,25,000 | ₹75,00,000 |
| Bank of Baroda | 7.55% | ₹6,29,167 | ₹75,50,000 |
| Bank of India | 7.60% | ₹6,33,333 | ₹76,00,000 |
| Canara Bank | 7.65% | ₹6,37,500 | ₹76,50,000 |
| Central Bank of India | 7.19% | ₹5,99,167 | ₹71,90,000 |
| Indian Bank | 7.40% | ₹6,16,667 | ₹74,00,000 |
| Punjab National Bank | 7.30% | ₹6,08,333 | ₹73,00,000 |
| Union Bank of India | 7.50% | ₹6,25,000 | ₹75,00,000 |
| State Bank of India | 7.00% | ₹5,83,333 | ₹70,00,000 |
| Bank of Maharashtra | 7.25% | ₹6,04,167 | ₹72,50,000 |
| UCO Bank | 6.80% | ₹5,66,667 | ₹68,00,000 |
*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 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 | Yearly Interest |
| IndusInd Bank | 7.65% | ₹6,37,500 | ₹76,50,000 |
| Bandhan Bank | 7.80% | ₹6,50,000 | ₹78,00,000 |
| DCB Bank | 8.20% | ₹6,83,333 | ₹82,00,000 |
| Federal Bank | 7.65% | ₹6,37,500 | ₹76,50,000 |
| City Union Bank | 7.55% | ₹6,29,167 | ₹75,50,000 |
| Axis Bank | 7.40% | ₹6,16,667 | ₹74,00,000 |
| ICICI Bank | 7.75% | ₹6,45,833 | ₹77,50,000 |
| HDFC Bank | 7.40% | ₹6,16,667 | ₹74,00,000 |
| IDFC First Bank | 7.55% | ₹6,29,167 | ₹75,50,000 |
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 | Yearly Interest |
| 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 | ₹90,00,000 |
| Capital Small Finance Bank | 7.75% | ₹6,45,833 | ₹77,50,000 |
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:
| Bank | Interest Rate (% p.a.) | Tenure |
| HDFC Bank | 4.75% – 7.40% | 7 days – 10 years |
| Axis Bank | 4.75% – 7.40% | 7 days – 10 years |
| SBI | 5.25% – 7.00% | 7 days – 10 years |
| Canara Bank | 4.50% – 7.65% | 7 days – 10 years |
| ICICI Bank | 4.75% – 7.75% | 7 days – 10 years |
| PNB | 6.00% – 7.30% | 7 days – 10 years |
| Bank of Baroda | 5.00% – 7.55% | 7 days – 10 years |
| Indian Bank | 6.00% – 7.40% | 7 days – 10 years |
| IDBI Bank | 6.81% – 7.41% | 91 days – 2 years |
| IndusInd Bank | 6.00% – 7.65% | 7 days – 10 years |
| Kotak Mahindra Bank | 4.50% – 7.45% | 7 days – 7 years |
| IDFC First Bank | 5.50% – 7.55% | 7 days – 10 years |
| Karnataka Bank | 3.50% – 7.25% | 7 days – 10 years |
| Central Bank of India | 5.00% – 7.19% | 7 days – 10 years |
| Bank of Maharashtra | 2.75% – 7.25% | 7 days – 5+ years |
| Tamilnad Mercantile Bank | 5.25% – 7.25% | 7 days – 10 years |
| City Union Bank | 6.00% – 7.55% | 7 days – 10 years |
| J&K Bank | 6.00% – 7.65% | 7 days – 10 years |
Note:The interest rates are subject to change. Please check the official website or contact the bank authorities for proper information.
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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.
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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