₹1 Crore Fixed Deposit (FD)

A ₹1 crore fixed deposit represents a substantial investment that offers compelling advantages for those seeking financial stability and predictable returns. Here's why:

• Guaranteed Safety: Your principal is protected when you invest with reputed institutions like Airtel Finance partner banks—Bajaj Finserv, Suryoday, and Utkarsh Small Finance Bank.
• Market-Proof Returns: FD interest is fixed and unaffected by market volatility, making it ideal for retirement planning, education funds, or steady income.
• Insurance Coverage: Deposits are insured up to ₹5 lakh per bank under DICGC, adding an extra layer of security.
• Flexible Interest Payouts: Choose payout frequencies—monthly, quarterly, or annually—based on your financial needs.
• Loan Facility: Avail loans against your FD without breaking it, preserving both capital and interest.
• Senior Citizen Advantage: Higher interest rates for senior citizens enhance long-term returns, making FDs especially attractive during retirement.

When you invest in a ₹1 crore fixed deposit, you unlock several distinctive features that distinguish high-value deposits from smaller investments.

A ₹1 crore fixed deposit comes with exclusive features tailored for high-value investors:

• Flexible Tenure: Ranges from 7 days to 10 years to suit your financial goals.
• Negotiable Interest Rates: Larger deposits may fetch better rates, especially with private banks and NBFCs.
• Customised Payouts: Choose from monthly, quarterly, half-yearly, annually, or at maturity to manage your cash flow.

Additional Benefits:

• Nomination facility for smooth wealth transfer
• Auto-renewal for uninterrupted earnings
• Premature withdrawal (usually allowed after 7 days)
• Loans up to 90% of deposit value
• Preferential rates for senior citizens and women

Airtel Finance's partner banks offer competitive ₹1 crore FD interest rates that can significantly impact your returns. These rates vary across different institutions and tenure periods, with current offerings reaching up to 8.75% per annum for eligible depositors.

Here's how partner banks structure their rates:

FD interest for ₹1 crore typically varies based on tenure selection. Shorter terms (1-2 years) often provide moderate returns, whilst longer tenures (3-5 years) generally offer higher rates. Senior citizens aged 60 and above receive additional interest, typically 0.25% to 0.50% above standard rates.

Rate changes occur periodically based on the Reserve Bank of India's monetary policy, making timing an important consideration.

Understanding your ₹1 crore FD interest per month helps with financial planning and cash flow management. Monthly interest payouts provide regular income, making this option particularly attractive for retirees or those seeking steady cash flow from their investments.

Monthly Interest Calculation Examples:

Remember that FD interest for ₹1 crore is subject to Tax Deducted at Source (TDS) if your annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Banks automatically deduct TDS at 10% on excess interest, which you can claim as a tax credit while filing returns.

Selecting the appropriate ₹1 crore fixed deposit type depends on your financial objectives, risk tolerance, and income requirements.

• Regular FD: Ideal for capital preservation with guaranteed returns; prioritising safety and predictable income over higher returns.
• Cumulative FD: Interest compounds throughout the tenure, paid at maturity, perfect for long-term wealth building.
• Non-Cumulative FD: Provides regular interest payouts (monthly, quarterly, or annually). Suitable if you require a steady income from your interest.
• Senior Citizen FD: Offers enhanced rates for depositors aged 60+.
• Flexi FD: Combines savings and fixed deposit benefits, allowing partial withdrawals while maintaining FD rates on remaining amounts.

Let's examine practical scenarios showing potential returns from your ₹1 crore fixed deposit investment across different rates and tenure combinations. These examples demonstrate how your FD interest for ₹1 crore accumulates over time.

Scenario 1: 3-Year Investment at 8% Annual Rate

• Principal: ₹1,00,00,000
• Annual Interest: ₹8,00,000
• Total Interest (3 years): ₹24,00,000
• Maturity Amount: ₹1,24,00,000

Scenario 2: 5-Year Senior Citizen FD at 8.5% Annual Rate

• Principal: ₹1,00,00,000
• Annual Interest: ₹8,50,000
• Total Interest (5 years): ₹42,50,000
• Maturity Amount: ₹1,42,50,000

Comparative Returns Table:

When you invest in a ₹1 crore fixed deposit, understanding your potential returns becomes crucial for financial planning. The calculation of FD interest for ₹1 crore depends on several key factors that directly impact your earnings.

The interest on your fixed deposit of ₹1 crore is typically calculated using the compound interest formula: A = P (1 + r/n)^(nt), where A represents the maturity amount, P is your principal (₹1 crore), r is the annual interest rate, n is the compounding frequency, and t is the tenure in years.

Fixed Deposit Interest & Return Calculator

Online FD calculators make it easy to estimate your interest earnings on a ₹1 crore fixed deposit. By entering the deposit amount, tenure, and interest rate, you can instantly view your projected returns.

• Free & Accessible: Available on most bank and financial websites.
• Customisable: Adjust tenure and interest rates to compare scenarios.
• Detailed Output: View interest earned annually and total maturity value.
• Advanced Tools: Some calculators even factor in taxes for post-tax return estimates.

These tools are especially helpful when comparing offers across banks or FD schemes, ensuring smarter financial decisions.

Opening a fixed deposit ₹1 crore account requires meeting standard banking eligibility requirements. You must be a resident Indian aged 18 years or above. Minors can also open FDs through guardian signatures and appropriate documentation.

Essential documentation for fixed deposits includes valid KYC (Know Your Customer) papers:

• Proof of Identity: Aadhaar card, PAN card, passport, or voter ID card
  • Proof of Address: Aadhaar card, passport, utility bills, or bank statements
  • Recent photographs as per bank requirements
  • Income proof for large deposits (some banks may request this for ₹1 crore deposits)

The FD interest for ₹1 crore attracts significant tax implications you must understand before investing. Interest earned from fixed deposits is fully taxable under "Income from Other Sources" and added to your total taxable income for the financial year.

Banks automatically deduct TDS at 10% if your total FD interest across all accounts with them exceeds ₹40,000 annually (₹50,000 for senior citizens aged 60+). With a ₹1 crore deposit earning 7% annually, your interest would be ₹7 lakhs, making TDS deduction inevitable.

Your final tax liability depends on your income tax slab:

Yes, you can withdraw your ₹1 crore fixed deposit before maturity, though this decision comes with specific terms and potential penalties that vary across banks.

Financial Impact:

• Banks typically reduce the interest rate by 0.5-1% from the contracted rate
  • The revised rate applies to the entire deposit period
  • For a ₹1 crore FD interest calculation, this penalty significantly reduces your earnings

Partial Withdrawal Options:

• Many banks allow partial withdrawal from large FDs
  • Minimum withdrawal amounts vary (often ₹1,000 or ₹10,000)
  • The remaining amount continues earning interest at the original rate
  • This option provides liquidity whilst preserving most of your investment

Airtel Finance provides a convenient digital platform for opening your ₹1 crore fixed deposit with competitive interest rates up to 8.75% per annum. The application process has been designed for simplicity whilst ensuring security for large investments.

Application Steps:

• Download the Airtel Thanks app from the Google Play Store or Apple App Store. (You can also visit the Airtel Finance website.)
  • Navigate to the Finance section and select Fixed Deposit
  • Enter your investment amount (₹1 crore) and preferred tenure
  • Review the ₹1 crore FD interest rates and maturity amount
  • Complete KYC verification using your PAN and Aadhaar

Key Features:

• Minimum deposit: ₹1,000 (easily accommodates your ₹1 crore investment)
  • Higher rates for women and senior citizens
  • DICGC insurance protection up to ₹5 lakh
  • Premature withdrawal allowed after 7 days
  • No need for opening new bank accounts

Required Documents:

• Valid PAN card
  • Aadhaar card for verification
  • Bank account details for fund transfer

The entire process takes just a few minutes, and you can track your interest on ₹1 crore FD through the app. Airtel Finance partners with regulated financial institutions, ensuring your investment remains secure whilst earning competitive returns.