What is the interest of 1 lakh in Indian bank?
Indian Bank FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.6% | For 5 years with interest of 5.6% |
|---|---|---|
| ₹ 50,000 | ₹59124 | ₹66113 |
| ₹ 1 lakh | ₹118247 | ₹132227 |
| ₹ 2 lakh | ₹236495 | ₹264454 |
| ₹ 5 lakh | ₹591237 | ₹661134 |
What is the fixed deposit interest rate in Indian bank?
Indian Bank FD Interest Rate 2022
| Tenure | General Public FD Rate | Senior Citizens FD Rate |
|---|---|---|
| 181 days to less than 9 months | 4.00% | 4.50% |
| 9 months to less than 1 year | 4.40% | 4.90% |
| 1 year | 5.00% | 5.50% |
| Above 1 year to less than 2 years | 5.05% | 5.55% |
Which Indian Bank has highest FD interest rate?
Highest 3 Year FD Interest Rates
| Name of Bank | For General Citizens (p.a.) | For Senior Citizens (p.a.) |
|---|---|---|
| Axis Bank | 5.40% | 5.90% |
| IDBI Bank | 5.50% | 6.25% |
| State Bank of India | 5.45% | 5.95% |
| Punjab and Sind Bank | 5.40% | 5.90% |
Which deposit is best in Indian bank?
For deposits below Rs. 2 crore, the highest rate on short-term fixed deposits lies at 5.50% p.a. for a tenure of 1 year, while the highest rates offered on the medium-term FD is 5.75% p.a. for a tenure of 5 years. For the long-term FD, the highest interest rate is 5.65% p.a.
What is the interest on 10 lakhs in Indian Bank?
As a senior citizen, you can stand to get 0.25% higher interest rates on your fixed deposit of Rs. 10 Lakh. The monthly interest will look like shown in this table….Monthly Interest for ₹10 Lakh FD.
| Bank | Interest Rate on Rs. 10 Lakh | Rs. 10 Lakh FD Interest Per Month |
|---|---|---|
| Bank of India | 2.85% to 5.05% | Rs. 2375 to Rs. 4208 |
What is the interest on 10 lakhs in Indian bank?
Is Indian Bank safe for FD?
Thus, Indian Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the bank is. Loan against FD: The investment made in an FD scheme is not only a reliable investment option but can also act as an asset.
Which bank is best for FD in 2022?
Best FD Rates in India 2022
| Banks Offering FD | Interest Rate | Tenure |
|---|---|---|
| SBI | 2.90% – 5.50% | 7 days-10 years |
| HDFC Bank | 2.50% – 5.60% | 33-99 months |
| ICICI Bank | 2.50% – 5.50% | 7 days -10 years |
| AXIS Bank | 2.50% – 5.75% | 7 days-10 years |
What is the interest of 10 lakh in SBI?
State Bank of India FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.45% | For 5 years with interest of 5.5% |
|---|---|---|
| ₹ 1 lakh | ₹117719 | ₹131570 |
| ₹ 2 lakh | ₹235438 | ₹263141 |
| ₹ 5 lakh | ₹588595 | ₹657852 |
| ₹ 10 lakh | ₹1177190 | ₹1315704 |