The announcement was made by little known All-India Faizan-e-Madina Council yesterday.
The organisation condemned Fateh for professing "un-Islamic" views on his show 'Fateh ka Fatwa' telecasted on a particular news channel and demanded a ban on his programme.
"Fateh is conspiring to disrupt harmony between Hindus and Muslims. He is an agent of our enemies. He must be stopped at any cost. Our organisation will pay Rs 10,00,786 to any person who will decapitate him," the head of the council Moeen Siddique said.
Fateh is a Canadian Muslim of Pakistani origin, who is widely known for his views against Islamic fundamentalism.