How Much Interest Will I Get For 10 Lakhs?

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How much interest do we get per month for 1 lakh?

1 lakh for 1 year, the option factors may be a new customer, deposit option non-cumulative, interest payment frequency monthly, and rate of interest is 7.35%, then your maturity amount will be Rs. 1,07,350 and the total interest earned in one year will Rs. 7350.

What can I do with 10 lakhs?

10 things to do with 10 lakhs

  • Emergency funds. Life is dynamic.
  • Short-term funds. These funds primarily invest in debt funds and have a maturity period of 1-3 years.
  • ELSS funds. ELSS funds are Equity Linked Savings Scheme.
  • High growth funds.
  • Its all about gold.
  • Mediclaim.
  • Term Insurance policy.
  • 10.Retirement planning.

What is the interest of 1 lakh in SBI?

6.60% p.a.

What is the interest on 5 lakhs?

Calculated Monthly EMI for 5 Lakh of loan amount for 3 years at various rate of Interest:

Loan AmountRate of InterestPer Month EMI
5 Lakh14.00%Rs.17088.81
5 Lakh15.00%Rs.17332.66
5 Lakh16.00%Rs.17578.52
5 Lakh18.00%Rs.18076.2

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