Question: What Is The Interest On 50 Lakhs?

How much interest will 10 lakhs earn?

Formula of Calculation of EMILoan amountInterest RateEMI per month5 Lakh8.35%Rs.

6,15910 Lakh8.50%Rs.

9,84715 Lakh8.60%Rs.

13,11220 Lakh8.70%Rs.

17,610.

How much interest will 2 crore rupees earn?

Synopsis. To earn an income of Rs 2 lakh per month or Rs 24 lakh per annum from the corpus of Rs 2 crore, you must return of 12 per cent. However, there is no fixed income instrument that can currently offer you such rate of return.

What is the interest for 1 lakh?

Currently, the interest rate on savings bank deposits on balance up to Rs 1 lakh is 3.5 per cent. On balance above Rs 1 lakh, the interest rate is 3 per cent per annum, which is set at 2.75 per cent below RBI’s Repo Rate, with a minimum of 3 per cent for the entire balance.

What business can I start with 5 lakhs?

BusinessSkills neededAmount you need to start (Rs)Food deliveryMarketing and sales15,000Uniform makingMan management20,000Property managementMarketing and sales50,000Telecom Business ConsultantcyNetworking50,00016 more rows•Oct 26, 2007

Can I double my money in 5 years?

Similarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5). If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year. Rule of 72 provides an approximate idea and assumes one time investment.

What is the interest of 20 lakh in SBI?

20 Lakh Home Loan Interest Rates 2020 It will give you roughly how much you have to pay for Interest & Total Amount with Interest. Emi Calculated on 8.00%. Banks which are offering 20 Lakh home loan amount at 8.00% rate of interest.

How can I earn 50 lakhs in 15 years?

My suggestion to you would be to direct the money into a nifty index fund like HDFC Index Fund Nifty 50 Plan and Mirae Asset Large Cap Fund. At an expected return of 12 per cent per annum, your monthly investment of Rs 10,000 would help you to create Rs 50 lakh, not accounting for income tax, in 15 years.

How much interest will I get for 30 lakhs?

You should split the Rs 30 lakh between a mix of government-backed schemes, mutual funds and corporate fixed deposits. Park Rs 4.5 lakh in a Post Office Monthly Income Scheme. This will earn you a 7.6 percent interest per annum, payable monthly.

How can I make 50 lakhs in a year?

How Can You make Rs. 50 lakh in 5 years?1.HDFC Small Cap Fund.2.L&T Emerging Businesses Fund.Parag Parikh Long Term Equity Fund.Mirae Asset India Equity Fund.The Moderate Investor.1.Invesco India Contra Fund.Axis Focused 25 Fund.3.Principal Focused Multicap Growth Fund.More items…•

Which is best monthly income scheme?

Best Monthly Income Schemes for 2020Monthly Income PlansEntry Age (Minimum to Maximum)PNB MetLife Monthly Income Plan-10 Pay18 years to 55 yearsPramerica Life Family Income Plan18 years to 55 yearsReliance Life Increasing Income Insurance Plan14 years to 60 yearsSBI Smart Money Planner18 years to 60 years17 more rows

How can I become Crorepati in 5 years?

To get to Rs 1 crore in five years, you need to invest at least Rs 1.2 lakh, assuming an annual return of 12 per cent per year. You might get around Rs 45 lakhs if you invest Rs 50,000 for five years. Ideally, you should invest for a longer term in equities.

Can I get monthly income from mutual funds?

It offers regular income in the form of periodic (monthly, quarterly, half-yearly) dividend payouts. Due to the presence of equity, MIP returns can be volatile. … In spite of this, MIPs of mutual funds can offer higher returns after adjusting for tax and hence can be a better option.

What can I do with 50 lakhs?

Here are the 4 Investments You Should Absolutely Make in 2019:Real Estate.NSC (National saving certificate)Fixed Deposits.Recurring Deposits.Mutual funds (less risk)The Stock Market (less risk)Monthly Income Scheme.Senior Citizen Savings Scheme.More items…

What is the interest of 1 lakh in post office?

India Post Office Fixed Deposit Calculator 2020TenureRatesMaturity Amount for ₹ 1 Lakh2 years 1 day to 3 years5.50% to 5.50%₹ 1,11,561 – ₹ 1,17,8073 years 1 day to 5 years6.70% to 6.70%₹ 1,22,081 – ₹ 1,39,4077 days to 1 year5.50% to 5.50%₹ 1,00,105 – ₹ 1,05,6141 more row•Nov 25, 2020

How many years FD will double?

To know the time duration in which your FD amount will get doubled, you have to divide 72 with the highest rate. For example, if the highest rate on FD is 6.95%, then the number of years in which your FD will get doubled is 72/6.95= 10.36. Thus, it will take 10 years for your FD to get doubled.

Is 50 lakhs a good salary in India?

That’s 50 lakhs per annum. To earn 50 Lakhs per annum, first have a higher income expectation. … Only then, you can earn 50 lakhs. If you are in India, you will most likely have to start a business to reach that goal.

How do you write 50 lakhs?

Note: We found that some people call it 50 lakhs or 50 lac, but the correct way to say it is 50 lakh (lakh without the trailing “s”).

What is the interest of 50000 in SBI?

SBI Fixed Deposit Interest RatesSBIRs 50,000Rs 1,50,000Post OfficeRs 50,000Rs 1,50,0001-yearRs 53593RS 1607792-yearRs 57186Rs 1715585-yearRs 69813Rs 2094394 more rows•Sep 11, 2019