- Which bank FD is best?
- How can I earn 50 lakhs in 5 years?
- How much interest will I get for 30 lakhs?
- Is fixed deposit interest paid monthly?
- Which bank is best for monthly interest?
- What is the interest of 1 lakh in SBI?
- Which scheme is best for monthly income?
- Which type of FD is best in SBI?
- How is fixed deposit interest calculated monthly?
- Can I deposit 5 lakhs in my account?
- Does Bank give interest every month?
- Which is better RD or FD?
- How is interest calculated monthly?
- Which type of FD is best?
- Can we deposit 1 crore bank?
- Is FD a good option?
- How much interest will 10 lakhs earn?
- Is LIC better than FD?

## 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 Bank2.75% to 6.00%3.25% to 6.50%Bank of India3.25% to 5.30%3.75% to 5.80%Corporation Bank3.00% to 5.40%3.50% to 5.90%6 more rows.

## 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…•

## 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.

## Is fixed deposit interest paid monthly?

Interest paid on a fixed deposit is paid either monthly or quarterly according to the investor’s choice. So if you invest Rs 3 lakhs in a one year fixed deposit which pays 8 per cent you can earn Rs 2,000 of interest every month or Rs 6,000 of interest every quarter.

## Which bank is best for monthly interest?

Interest rates on Monthly Income FD SchemesTop banks monthly income FD interest rates for senior citizensBankInterest rateTenure rangeUnion Bank of India4.50%181 days to less than 1 yearFederal Bank5.25%271 days to less than 1 yearKotak Mahindra Bank5.25%365 days to 389 days1 more row

## What is the interest of 1 lakh in SBI?

Interest rate on SBI savings bank deposits 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.

## Which scheme is best for monthly income?

Best investment options to get a monthly incomeNBFC Fixed Deposit: … Post Office Monthly Income Scheme: … Senior Citizen Savings Scheme: … Long-term Government Bond: … Equity Share Dividend: … Annuity: … Mutual Fund Monthly Income Plan:

## Which type of FD is best in SBI?

The highest FD interest for SBI is 6.75% for regular accounts and 7.25% for Senior Citizens, only for the Fixed Deposits with tenure of minimum 5 years.

## How is fixed deposit interest calculated monthly?

A fixed deposit (FD) is a type of term investment offered by several banks and NBFCs. … There are two types of FD that you may avail- simple interest FD and compound interest FD. … M = P + (P x r x t/100), where –For example, if you deposit a sum of Rs. … M= Rs. … = Rs. … M= P + P {(1 + i/100) t – 1}, where –More items…

## Can I deposit 5 lakhs in my account?

Individuals who deposit cash above Rs. 2.5 lakh and senior citizens who deposit cash above Rs. 5 lakh may be scrutinised. Any amount within the specified limit will be excluded from scrutiny considering that the money is from household savings, cash withdrawals, earlier income, and so on.

## Does Bank give interest every month?

Most banks pay interest monthly, but the compounding interval can vary. Just to name a few examples, Bank of America and Wells Fargo compound interest daily. Chase, on the other hand, compounds and pays monthly. The best way to find out how often your savings interest is calculated is to check with your bank.

## Which is better RD or FD?

Returns: When returns in FD or RD are compared, then FD seems to give higher returns. The reason is that in RD, the account holder deposits monthly and therefore, the interest is also earned accordingly. Usually, the FD amount is deposited once, and is a lump sum that earns a higher interest rate.

## How is interest calculated monthly?

To calculate the monthly interest, simply divide the annual interest rate by 12 months. The resulting monthly interest rate is 0.417%. The total number of periods is calculated by multiplying the number of years by 12 months since the interest is compounding at a monthly rate.

## Which type of FD is best?

Corporate Fixed Deposit schemes offer higher returns on your investment, but choosing the right company is imperative. If you choose a good Company FD scheme, you will generally earn more on your investment than bank FDs as these schemes offer the highest interest rate on FD.

## Can we deposit 1 crore bank?

This means you get a monthly interest of Rs 50,000. If FD interest rate is 6.5%, then you get Rs 6.5 lakh on a fixed deposit of Rs 1 crore in a year. This means you get a monthly interest of Rs 54,167. … If FD interest rate is 7.5%, then you get Rs 7.5 lakh on a fixed deposit of Rs 1 crore in a year.

## Is FD a good option?

Fixed deposits are not good investment options as far as returns are concerned because mutual funds, stocks, bonds and alternative investment assets like P2P Lending can give you much higher returns. However, if you look at them purely from the lens of safety they can seem like good options.

## 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

## Is LIC better than FD?

Comparing between FD and Life Insurance Plan Thinking of short and long term investments, FDs are better. Life insurance plan are suitable only as long term investment options. The minimum period of investment in a life insurance plan is about 10 years. The minimum amount that you can deposit in a FD plan is Rs.