What is the interest rate of 1 lakh in Indian bank?
What is the interest rate of 1 lakh in Indian bank?
Indian Bank Fixed Deposit Calculator 2022
| Tenure | Interest Rate for General Public | Max Maturity Amount per Lakh |
|---|---|---|
| 1 year | 5.00% | ₹ 1,05,095 – ₹ 1,05,614 |
| 1 year 1 day to 1 year 364 days | 5.05% | ₹ 1,05,161 – ₹ 1,11,638 |
| 2 years to 2 years 364 days | 5.10% | ₹ 1,10,667 – ₹ 1,18,137 |
| 5 years to 10 years | 5.15% | ₹ 1,29,157 – ₹ 1,75,251 |
How do Indian banks calculate interest on FD?
A = P (1+r/n) ^ n x t
- ‘A’ is the amount on maturity,
- ‘P’ is the initial investment.
- ‘r’ is its interest rate.
- ‘t’ gives investment tenure.
- ‘n’ denotes the interest payout frequency.
How FD amount is calculated?
It is calculated by multiplying the principal, rate of interest and the time period. The formula for Simple Interest (SI) is “principal x rate of interest x time period divided by 100” or (P x Rx T/100).
What is the interest on 5 lakhs in Indian bank?
Fixed Deposit Payout Structure in India
| Tenor (in months) | Interest Rates of FD | Interest Amount for ₹5 Lakh |
|---|---|---|
| Non-Senior Citizen | Non-Senior Citizen | |
| 12 | 5.60% | ₹2,333 |
| 24 | 6.22% | ₹2,591 |
| 36 | 6.69% | ₹2,787 |
What is the interest on 5 lakh rupees per month?
Monthly Payout
| Investment amount | Monthly interest | Cumulative interest for 5 years |
|---|---|---|
| 1 lakh | Rs. 526 | Rs. 37,009 |
| 5 lakh | Rs.2,629 | Rs. 185,043 |
| 10 lakh | Rs.5,258 | Rs.3,70,087 |
| 15 lakh | Rs. 7,887 | Rs.5,55,130 |
What is the interest of 1 lakh in fixed deposit?
The monthly interest for 1 lakh fixed deposit is Rs….Monthly Interest for Senior Citizens:
| Investment amount | Monthly interest for Senior Citizens | Commutative interest for 5 years |
|---|---|---|
| 1 lakh | Rs. 546 | Rs. 38,624 |
| 5 lakh | Rs.2,729 | Rs. 1,931,122 |
| 10 lakh | Rs.5458 | Rs.3,86,243 |
| 15 lakh | Rs. 8,187 | Rs.5.79,365 |
What is the monthly interest on 1 lakh FD?
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%. Senior citizens are offered an additional 0.4% on their fixed deposit investment.
What is the interest of 10 lakh in Indian Bank?
Indian Bank FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.2% | For 5 years with interest of 5.25% |
|---|---|---|
| ₹ 1 lakh | ₹116843 | ₹129943 |
| ₹ 2 lakh | ₹233686 | ₹259886 |
| ₹ 5 lakh | ₹584216 | ₹649716 |
| ₹ 10 lakh | ₹1168432 | ₹1299432 |
