What is interest rate on FD?
Fixed Deposit Interest Rates 2020BanksFD Interest RatesTenurePNB Housing Finance7.20% – 8.00%12 months to 120 monthsICICI Bank3.25% – 6.25%7 days to 10 yearsAxis Bank3.50% – 6.75%7 days to 10 yearsIDFC First Bank4.00% – 7.75%7 days to 10 years3 more rows.
Which bank has the highest interest rate for fixed deposit in South Africa 2020?
Overall Best Fixed Deposits Rates for 2020. African Bank has the best fixed deposits for 2020 with a 12.22% interest rate, followed by Discovery Bank at 9.01% and FNB at 7.80%.
How much interest will I get if I deposit 1 lakh?
The interest rate on savings bank deposits effective September 1, 2019, with balances up to Rs 1 lakh is 3.5 per cent. Going forward, from November 1, 2019, the interest rate on savings bank deposits with balances up to Rs 1 lakh will be 3.25 per cent.
What is the monthly interest on 50 lakhs?
If FD interest rate is 6.5%, then you get Rs 3.25 lakh on a fixed deposit of Rs 50 lakh in a year. This means you get a monthly interest of Rs 27,083. If FD interest rate is 7%, then you get Rs 3.5 lakh on a fixed deposit of Rs 50 lakh in a year. This means you get a monthly interest of Rs 29,167.
Is FD interest paid monthly?
Interest paid on a fixed deposit is paid either monthly or quarterly according to the investor’s choice. So if you invest Rs 3 lakhs in a one year fixed deposit which pays 8 per cent you can earn Rs 2,000 of interest every month or Rs 6,000 of interest every quarter.
Which bank FD is best?
Fixed Deposit Interest Rates of Top 10 Banks in India for below Rs. 2 croreName of BankFor General Citizens (p.a)For Senior Citizens (p.a)Bank of Baroda2.90% to 5.30%3.40% to 6.30%IDFC Bank2.75% to 6.00%3.25% to 6.50%Bank of India3.25% to 5.30%3.75% to 5.80%Corporation Bank3.00% to 5.40%3.50% to 5.90%6 more rows