Which bank gives highest FD rates in India?
Table of Contents
Which bank gives highest FD rates in India?
Fixed Deposit Interest Rates by Different Banks
| Bank | Tenure | Interest Rates for General Citizens (per annum) |
|---|---|---|
| HDFC Bank | 7 days to 10 years | 2.50\% to 5.50\% |
| Axis Bank | 7 days to 10 years | 2.50\% to 5.75\% |
| Union Bank of India | 7 days to 10 years | 3.00\% to 5.50\% |
| Canara Bank FD | 7 days to 10 years | 2.90\% to 5.25\% |
How can we write 2 crore in numbers?
It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is equal to one hundred thousand, and is written as 1,00,000).
How to earn Rs 2 lakhs per month from 2 crore?
To earn an income of Rs 2 lakh per month or Rs 24 lakh per annum from the corpus of Rs 2 crore, you must return of 12 per cent. However, there is no fixed income instrument that can currently offer you such rate of return. The prevailing rates in the market range between 6 and 7 per cent.
How much is the monthly interest on a 2 crore FD?
This means you get a monthly interest of Rs 1.17 lakh If FD interest rate is 7.5\%, then you get Rs 15 lakh on a fixed deposit of Rs 2 crore in a year. This means you get a monthly interest of Rs 1.25 lakh Obviously, the higher the rate of interest, the higher will be your monthly interest income.
Is Rs 2 crore a good source of income in India?
Not many people in India are able to ask such questions. But jokes apart, the fact is that the monthly interest for Rs 2 crore fixed deposit in a bank might be a very good source of income for many people who can take care of the basic needs of a family for a very long time if not forever.
Should you invest Rs 1 crore in equity or fixed deposits?
Jamshedpur based Anamika Majumdar, who won Rs 1 crore in 2017, chose to invest in equity through mutual funds. “Most of my winnings are invested in equity mutual funds. While fixed deposits are safe instruments, they do not score high on the returns front,” says Majumdar.