Table of Contents
What is the interest of 50 lakhs in SBI?
State Bank of India FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.3\% | For 5 years with interest of 5.4\% |
|---|---|---|
| ₹ 50,000 | ₹65134 | ₹65459 |
| ₹ 1 lakh | ₹130267 | ₹130917 |
| ₹ 2 lakh | ₹260534 | ₹261834 |
| ₹ 5 lakh | ₹651335 | ₹654586 |
Can I withdraw 50 lakhs from bank?
If you cash deposit or cash withdraw more than Rs. 50 lakhs to / from your current bank account – Bank will report to Income Tax authority. If you do fixed deposit more than Rs. 10 lakhs in a financial year – Bank will report to Income Tax authority.
How to invest Rs 50 lakhs to earn monthly income?
If you are looking to invest Rs.50 lakh in a way that allows you to have a monthly income, the safest option is the non-cumulative fixed deposit, which offers you the freedom of getting a monthly pay-out. This means that you can earn a considerable income on your investment every month!
How to invest Rs 15 lakhs in FDS?
Invest the second tranche of about Rs 15 lakh in corporate FDs. These offer better interest rates than bank FDs, though the risks are higher. Select credible companies to invest in. These products should earn you between 8-8.5\%, with the option of monthly payout.
How can I buy 4 cars with 40 lakhs in savings?
Out of 40 lakhs in savings you have, use 20 lakhs to buy 4 cars which can be attached to any of the service such as ola/uber/airport travel. You need to get permissions as well for the same.
How much should I invest in a Bajaj Finance fixed deposit?
You can get a good income of up to Rs. 32,375 per month, by investing Rs. 50 lakh in a Bajaj Finance Fixed Deposit. All you need to do, is to choose the option for non-cumulative fixed deposit that enables you to choose periodic payouts.