Question: How much interest does Indian Bank give?

What is the interest of 1 lakh in Indian bank?

Indian Bank FDs have tenures ranging from 5 years to 5 years with maximum rate of interest of 5.25%.

Indian Bank Fixed Deposit Interest Calculator.

Tenure Rates Maturity Amount for ₹ 1 Lakh
9 months to 364 days 4.40% to 4.90% ₹ 1,03,336 – ₹ 1,04,977

What is the interest of 2 lakh in Indian bank?

Indian Bank Fixed Deposit Returns Based on Investment Amount

Investment Amount For 3 years with interest of 5.15% For 5 years with interest of 5.15%
₹ 50,000 ₹64649 ₹64649
₹ 1 lakh ₹129298 ₹129298
₹ 2 lakh ₹258596 ₹258596
₹ 5 lakh ₹646490 ₹646490

Which bank is best for monthly interest in India?

Top Banks Monthly Income FD Interest Rates for Senior Citizens

Bank Interest Rate Tenure
HDFC Bank Fixed Deposit 3.00% – 6.25% 7 Days – 10 Years
ICICI Bank Fixed Deposit 3.00% – 6.30% 7 Days – 10 Years
Axis Bank 2.50% – 6.25% 7 Days – 10 Years
ICICI Home Finance 4.55% – 6.70% 12 Months – 120 Months

What is the monthly interest on 2 crore?

If interest rate is 6%, then fixed deposit of Rs 2 crore you get Rs 12 lakh in a year. This means you get Rs 1.0 lakh of monthly interest. If the interest rate is 6.5%, then with a fixed deposit of Rs 2 crore you get Rs 13 lakh in a year. This means you get Rs 1.08 lakh of monthly interest.

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How much interest will I get for 10 lakhs?

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

Does Bank give interest every month?

In savings accounts, interest can be compounded, either daily, monthly, or quarterly, and you earn interest on the interest earned up to that point. The more frequently interest is added to your balance, the faster your savings will grow.

Which bank is giving highest interest?

Fixed Deposit Interest Rates by Different Banks

Bank Tenure Interest Rates for General Citizens (per annum)
ICICI 7 days to 10 years 2.50% to 5.50%
Punjab National Bank 7 days to 10 years 2.90% to 5.25%
HDFC Bank 7 days to 10 years 2.50% to 5.50%
Axis Bank 7 days to 10 years 2.50% to 5.75%

Which bank is giving highest interest on savings account?

Savings Bank Account Interest Rates of Banks

Name of Bank Rates of Interest (p.a.)
Axis Bank Savings Account 3.00% p.a. to 3.50% p.a.
IndusInd Bank Savings Account 4.00% p.a. to 6.00% p.a.
DCB Bank Savings Account 3.25% p.a.
RBL Bank Savings Account 6.25%

What is the interest of 1 lakh in HDFC Bank?

HDFC Bank Fixed Deposit Interest Calculator

Tenure Rates Maturity Amount for ₹ 1 Lakh
181 days to 364 days 4.40% to 4.90% ₹ 1,02,194 – ₹ 1,04,977
1 year 4.90% to 5.40% ₹ 1,04,991 – ₹ 1,05,510
1 year 1 day to 2 years 4.90% to 5.40% ₹ 1,05,005 – ₹ 1,11,324
2 years 1 day to 3 years 5.15% to 5.65% ₹ 1,10,792 – ₹ 1,18,331
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Can I get monthly interest on FD?

Can we get monthly interest on a fixed deposit? Yes, you can get monthly interest payouts if you choose periodic payouts and select monthly frequency. When you invest your money in FDs, you gain interest on your principal amount, obtained periodically.