What is the interest of 1 lakh in SBI per month?
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What is the interest of 1 lakh in SBI per month?
1 lakh in your SBI FD account for a tenure of 5 years. The applicable interest rate is 5.30% p.a. Upon maturity, with an annual compounding frequency, you will earn Rs. 30,000 as interest and your maturity amount will be Rs.
What is the interest rate for 1 lakh per month?
Shriram City Union Finance offers attractive monthly interest for Rs. 1 lakh fixed deposit. Shriram City provides all fixed deposit account holders with a lucrative interest rate of 8.25%.
What is the monthly interest on 50 lakhs?
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. If FD interest rate is 7.5%, then you get Rs 3.75 lakh on a fixed deposit of Rs 50 lakh in a year. This means you get a monthly interest of Rs 31,250.
Which scheme is best in Post Office 2020?
CRIF HIGH MARK TERMS AND CONDITIONS
| Small Savings Scheme | Interest Rate | Tax Deduction on Investment? |
|---|---|---|
| Post Office Time Deposit (4 year) | 6.7% | Yes |
| Kisan Vikas Patra (KVP) | 6.9% | No |
| Public Provident Fund (PPF) | 7.1% | Yes |
| Sukanya Samriddhi Yojana | 7.6% | Yes |
Is Post Office FD safe?
Interest rate on the time deposit account is payable annually but calculated quarterly. Another major benefit of the post office fixed deposit scheme is safety. “Irrespective of the amount of deposit, the safety in post office FD is the highest as they are backed by a government guarantee,” say experts.
Which scheme gives highest rate of interest?
- Top 5 interest rates on Tax-saving Bank FDs.
- Unit Linked Insurance Plan (ULIP)
- Equity Linked Savings Scheme (ELSS)
- Sukanya Samriddhi Yojana.
- National Pension Scheme (NPS)
- Pradhan Mantri Vaya Vandhana Yojana (PMVVY)
- Senior Citizen Saving Scheme (SCSS)
- Public Provident Fund :
Which FD scheme is best?
Current Non-Bank FD Plans
| Bank | FD Rate of Interest | Tenure |
|---|---|---|
| PNB Housing Finance | 5.90 – 6.70% | 12 months to 120 months |
| ICICI Home Finance | 4.30 – 6.45% | 12 months to 120 months |
| HDFC | 5.75 – 6.25% | 33 months to 99 months |
| LIC Housing Finance | 5.50 – 5.60% | 1 year to 5 years |
