Finance question
How much monthly income can I get from a ₹1 crore FD?
Last updated 2026-09-17
Quick answer
Monthly interest ≈ ₹1 crore × rate ÷ 12 if the bank pays simple monthly interest on the full principal. At 7% that is about ₹58,300 a month before tax. Your bank’s carded rate, senior-citizen extra, and TDS will change it. We do not publish one official FD rate because none exists.
Calculate your numbers
Tables below use stated assumptions. Change rate, tenure or income in the calculator for your case.
Open Fixed depositPayout vs cumulative
A monthly-interest FD sends cash to your account and usually does not compound that interest. A cumulative FD (the FD calculator’s default quarterly compounding) grows the corpus and pays on maturity. Do not mix the two.
Formula
Monthly payout (simple) = principal × annual rate / 12. Cumulative FDs compound (often quarterly) instead of paying out.
Example scenarios
₹1 crore — illustrative monthly payout before tax (simple / 12)
| Assumed rate p.a. | Monthly interest |
|---|---|
| 6.00% | ₹50,000 |
| 6.50% | ₹54,167 |
| 7.00% | ₹58,333 |
| 7.25% | ₹60,417 |
| 7.50% | ₹62,500 |
| 8.00% | ₹66,667 |
Enter the rate your bank actually quotes. Senior-citizen premia vary by issuer.
What changes the answer
- Bank carded rate
- Senior citizen status
- TDS if interest exceeds the threshold and no 15G/15H
- Payout vs cumulative
Things to consider
- Interest is taxable as per your slab unless the instrument says otherwise.
- SWP from a debt fund is a different product with NAV risk.
- Simple monthly payout on ₹1 crore. Not a specific bank’s deposit.
Results are educational estimates, not tax, legal, investment, or medical advice, and not a loan offer. Verify filings and payments with the official authority or a qualified professional.
FAQs
FDs reprice at renewal. A 20-year illustration at today’s rate is not a contract.