What is the interest on 20 lakhs per month?
Likewise, for an investment of Rs 20 Lakhs, you will get Rs. 10,517 as monthly interest.
What is the interest on 5 lakh rupees per month?
How much monthly income: At the current interest rate of simple interest of 7.3 per cent, on a principal amount of Rs 5 lakh, the total interest comes to Rs 1,82,500, which yields Rs 3,041 as the monthly interest amount.
How can I save 30000 a month?
For example, if someone earns Rs 1 lakh per month, then he/she should save at least Rs 30,000 per month….
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What is the interest of 2 lakh 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 |
Is 30000 a good salary for freshers?
Yes 30000 is a decent salary for a bachelor to live in Bangalore. A decent PG would cost 8000 Rs. This also includes 2 times food. Local travel should be avoided and you should stay near office to save money and time.
How long will it take to save $300K?
How Long to Save $300,000? You will reach your goal in 12 years and 8 months. Use this interest calculator to see when you’ll hit your savings goal. Goal: Amount you’d like to save. Current Savings: Amount currently in savings. Monthly Savings: Amount saved every month. Investment Return: The percentage return earned on your savings.
How to invest Rs 1 crore at age 52?
By investing Rs 10,000 through monthly SIPs and increasing it by 10\%, you can create a corpus of Rs 1.60 Crores after 20 years. Therefore, your goal of having Rs 1 Crore at age 52 can be easily met. However, from this SIP if you take out the corpus at the end of the 7th year (in 2025), the same will only be Rs 16.50 Lakhs.
How long will it take you to reach your savings goal?
You will reach your goal in 12 years and 8 months. Use this interest calculator to see when you’ll hit your savings goal. Goal: Amount you’d like to save. Current Savings: Amount currently in savings.
How to build a corpus of Rs 1 crore after 12 years?
To get a corpus of Rs 1 Crore after 12 years, you need to invest Rs 31,000 a month in equity mutual fund SIPs (this is based on 12\% return assumption). You are already investing Rs 24,000 a month. Therefore, you need to increase your saving by Rs 7,000 a month in order to achieve the above goal.