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Monthly Interest on 5 Crore Fixed Deposit

Updated on: 31 Oct 2023 | 5 min read

Fixed Deposits are a secure and rewarding investment opportunity. Imagine having the flexibility to earn interest on your substantial investment every month. Our 5 crore Fixed Deposit scheme offers just that – a significant investment option with monthly interest payouts.

In this blog, we will learn in detail about this attractive financial instrument, explore the interest rates it provides, and discuss how it can become your pathway to financial stability and growth.

Monthly Interest for ₹ 5 Crore in FD 2023

BankIndividualSenior Citizen
Interest Rate₹ 5 crore FD amount per monthInterest Rate₹ 5 crore FD amount per month
Bajaj Finance Limited8.35%3,47,917/-8.68%3,61,667/-
Shriram Finance Limited8.61%3,58,750/-9.15%3,81,250/-
IDFC First Bank7.70%3,20,833/-8.20%3,41,667/-
PNB Housing Finance7.50%3,12,500/-8.15%3,39,583/-
Bank Baroda7.55%3,14,583/-7.55%3,14,583/-
HDFC Bank7.25%3,02,083/-7.25%3,02,083/-
Punjab National Bank7.05%2,93,750/-7.05%2,93,750/-

*The interest is calculated using the Simple Interest formula
Interest on FD= Amount invested x Interest rate x (Duration/12 months)

Calculating Monthly Interest on a ₹ 5 Crore FD - Alternate Method

To calculate interest for cumulative FDs, you can use the following formula:
A = P (1 + R/N)^(N*T)

A – Maturity amount
P – Deposited amount
R – Interest rate
N – Compounding frequency
T – Deposit term

For instance, if you deposit ₹ 5,00,00,000 for one year at a 6% interest rate compounded quarterly:
A = 5,00,00,000 * (1 + 0.06/4)^(4*1)
=  ₹ 5,30,68,178/-
To find the annual interest, subtract the maturity amount from the deposited sum:
Annual interest = ₹ 30,68,178/-
For monthly interest, divide the annual interest by 12:
Monthly interest = ₹ 2,55,681/-

Eligibility Criteria for FD

Following are the people eligible for FD

  • Resident Indian
  • Overseas Citizen of India or Person of Indian Origins
  • HUFs
  • Sole-proprietorship
  • Partnership firms
  • Family Trusts
  • Companies, associations, clubs and societies
  • NRIs 18 years or above

Documents required for FD

Following are the documents that are required to open FD

  • A completed account opening application form.
  • A valid ID proof, which can include: an Aadhaar card, PAN card, Voter's ID card, Passport, Driving licence,
  • Government-issued identity card, Photo ration card, or Any other official document with your photograph.
  • A valid address proof, which can include: an Aadhaar card, Passport, Voter's ID card, Driving licence, Utility bills like phone or gas bills, Rent agreement, Property deed etc.


Can investors make ₹ 5 crore FD in the name of a minor?

Yes, one can put money in the name of a minor but the parent or the guardian should do the same. The application form must be signed by the parent/guardian and all the communication must be sent to them.

How to open ₹ 5 crore FD in any financial institution?

One can either go for an online or offline method to open an FD account in any financial institution. You just have to complete the paperwork or complete the procedure of KYC for the same.

What should I do with the monthly interest earnings from a large FD?

Consider financial planning, investments, and diversification of funds to make the most of your earnings while ensuring financial security.

How is interest on FD paid?

Interest on a fixed deposit is typically paid when your investment matures. Yet, you have the option to receive it periodically, such as monthly, quarterly, half-yearly or annually.

Is 5 crore FD readily available on all the bank's websites?

No, these are very high amounts of FDs and in most cases either you will get the information from the branch or the branch also has to take information from a higher authority.

Earn once in a decade
returns on FD

Lock in returns as high as
8.61% before they go down