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.
- Term Insurance policy.
- 10.Retirement planning.
What is the interest of 1 lakh in SBI?
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 Amount||Rate of Interest||Per Month EMI|
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