Know About Fixed Deposit (FD)

Fixed Deposits (FDs) are popular among Indian investors seeking low-risk savings tools. With a lump sum investment of ₹10 crore, one may wonder about the potential monthly interest earnings. The exact returns will depend on the interest rates offered by the bank or NBFC, the FD tenure, and the compounding frequency. Monthly Interest on a ₹10 Crore FD The interest earnings on a ₹10 crore FD vary based on the issuer's interest rates. Different banks and NBFCs offer different rates, ranging from 5.50% p.a. to 7.50% p.a., depending on the tenure and the organisation’s policies. For illustrative purposes, we will consider various scenarios based on these rates. Here’s a table showing the possible monthly interest you could get at different interest rates for a ₹10 crore FD: Interest Rate (p.a.) Monthly Interest (₹) 5.50% ₹4,58,333 6.00% ₹5,00,000 6.50% ₹5,41,667 7.00% ₹5,83,333 7.50% ₹6,25,000 These figures are before tax deductions. If tax is applicable, the final amount may be lower. ...

Fixed Deposits (FDs) issued by banks and NBFCs are a popular savings tool for senior citizens. These investments offer a higher interest rate compared to regular FDs. Senior citizens may find these favourable due to their low risk and stable returns. FDs provide a predictable income stream and come with flexible tenures. Explore some of the highest interest rates on FDs for senior citizens , as well as how FDs are calculated. Why FDs Are Popular Among Senior Citizens FDs are often chosen by senior citizens due to the higher interest rates offered. These interest rates can vary depending on the institution, FD tenure, and current market conditions. Banks and NBFCs offer better interest rates for senior citizens to support them in generating regular income. For many, this is a key advantage in retirement. Additionally, FDs offered by banks and NBFCs offer the safety of capital since these are not market-linked. The FD account holder knows exactly how much they may receive at the end of t...