# How Much Interest Will 5 Lakhs Earn?

## Which bank FD is best?

Fixed Deposit Interest Rates of Top 10 Banks in India for below Rs.

2 croreName of BankFor General Citizens (p.a)For Senior Citizens (p.a)Bank of Baroda2.90% to 5.30%3.40% to 6.30%IDFC Bank3.00% to 7.00%4.00% to 7.50%Bank of India3.25% to 5.25%3.75% to 5.75%Corporation Bank3.50% to 5.45%4.00% to 5.95%6 more rows.

## What is the interest of 1 lakh in post office?

SynopsisInstrumentInterest rate (%) from 01.10.2020Max amt (Rs)Time Deposit#5.50-6.70No limitPost Office Monthly Income Scheme6.60Single: 4.50 lakhPost Office Monthly Income Scheme6.60Joint: 9 lakhKisan Vikas Patra6.90No limit6 more rows•4 days ago

## How much interest will I get for 30 lakhs?

You should split the Rs 30 lakh between a mix of government-backed schemes, mutual funds and corporate fixed deposits. Park Rs 4.5 lakh in a Post Office Monthly Income Scheme. This will earn you a 7.6 percent interest per annum, payable monthly.

## What is the monthly interest on 50 lakhs?

This means you get a monthly interest of Rs 27,083. If FD interest rate is 7%, then you get Rs 3.5 lakh on a fixed deposit of Rs 50 lakh in a year. This means you get a monthly interest of Rs 29,167.

## What is the interest of 1 lakh in HDFC Bank?

HDFC Bank Fixed Deposit Calculator 2020TenureRatesMaturity Amount for ₹ 1 Lakh1 year5.10% to 5.60%₹ 1,05,198 – ₹ 1,05,7191 year 1 day to 2 years5.10% to 5.60%₹ 1,05,213 – ₹ 1,11,7642 years 1 day to 3 years5.15% to 5.65%₹ 1,10,792 – ₹ 1,18,3313 years 1 day to 5 years5.30% to 5.80%₹ 1,17,128 – ₹ 1,33,3658 more rows•Sep 23, 2020

## How much interest will 10 lakhs earn?

Formula of Calculation of EMILoan amountInterest RateEMI per month5 Lakh8.35%Rs. 6,15910 Lakh8.50%Rs. 9,84715 Lakh8.60%Rs. 13,11220 Lakh8.70%Rs. 17,610

## How can I earn 50 lakhs in 5 years?

How Can You make Rs. 50 lakh in 5 years?1.HDFC Small Cap Fund.2.L&T Emerging Businesses Fund.Parag Parikh Long Term Equity Fund.Mirae Asset India Equity Fund.The Moderate Investor.1.Invesco India Contra Fund.Axis Focused 25 Fund.3.Principal Focused Multicap Growth Fund.More items…•

## Is 50 lakhs enough for retirement?

So, how about a simple plan, that has no risk and can help you easily retire at 40 with a fund of over Rs 50 lakh (5 million)? … If you start working at the age of 25 and your annual salary is, say, Rs 6-7 lakh, it won’t be very difficult to save Rs 16,000-17,000 per month (around Rs 2 lakh, or 1/3rd of your salary).

## Can I get a loan of 1 lakh?

1 Lakh Loan. Fulfil all your short-term financial goals with Rs. … 1 lakh amount. You can select a flexible repayment tenor ranging up to 60 months to repay the loan with ease.

## What is the interest of 5 lakh in SBI?

SBI Fixed Deposit Calculator 2020. SBI FDs have tenures ranging from 5 years to 10 years with maximum rate of interest of 5.40%. Interest rates for senior citizens are higher than the normal rates and ranges upto 6.20%. N.A.

## What is the interest of 1 lakh?

Currently, the interest rate on savings bank deposits on balance up to Rs 1 lakh is 3.5 per cent. On balance above Rs 1 lakh, the interest rate is 3 per cent per annum, which is set at 2.75 per cent below RBI’s Repo Rate, with a minimum of 3 per cent for the entire balance.

## Can I deposit 50 lakhs in my account?

Deposits in Current Accounts : Cash deposits or withdrawals aggregating to Rs 50 lakh or more in a financial year in one or more Current Account of a person will have to be reported by the bank to the I-T authorities. … (ii) Rs 2.5 Lakh or more, in one or more accounts (other than a current account) of a person.