{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/fixed-deposit\/monthly-interest-for-1-crore-fixed-deposit\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/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":"2024-10-25","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind_bank_pfx_team_indperformics-com\/#Person","name":"CONVONIX Antony","url":"https:\/\/www.indusind.com\/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.com\/iblogs\/wp-content\/uploads\/Monthly-Interest-Rates-for-1-Crore-Fixed-Deposit.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/Monthly-Interest-Rates-for-1-Crore-Fixed-Deposit.jpg","height":288,"width":764},"url":"https:\/\/www.indusind.com\/iblogs\/fixed-deposit\/monthly-interest-for-1-crore-fixed-deposit\/","about":["Fixed Deposit"],"wordCount":1139,"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.Calculating Monthly Interest for \u20b9 1 Crore FDWhen you invest in a fixed deposit, you get the option to choose the interest payout frequency as per your financial needs. You can opt for a monthly basis to receive \u20b9 1 cr FD interest per month.The interest payout will depend on the interest rate, which, in turn, depends on the tenure. Now, considering the above points, let\u2019s calculate \u20b9 1 crore FD interest per month. For this, let\u2019s suppose the tenure you have chosen is 2 years. FD amount: \u20b9 1 croreTenure: 2 years  The prevailing interest rate for this tenure is: 7.75%Using the Fixed Deposit Calculator from IndusInd Bank, we can calculate that the total interest accumulated on this amount for the tenure will be \u20b9 16,59,283.Now, to get \u20b9 1 cr FD interest per month, we must divide the total interest amount (\u20b9 16,59,283) by 24 (total number of months during the tenure).So, 16,59,283 \u00f7 24 = 69,136.So, your \u20b9 1 crore FD interest per month for a 2-year tenure will be \u20b9 69,136 approximately. You can use the FD calculator from IndusInd Bank to get estimates for different amounts based on current rates and tenures.However, note that this is a simplified calculation. For detailed guidance, please contact a bank representative. 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.\u00a0Click 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:"}