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By
Pabitra Kumar Maharana •
Updated on 24 May, 2024
Reviewed by
Rinju Abraham
A member of the leadership team with over 17 years spent working at theintersection of Investment Analysis, Personal Finance, and Technology.Hands-on experience across multiple functions including Index Construction,Index Maintenance, Asset Allocation, Portfolio Construction, Managing ateam of Digital Relationship Managers, etc
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Fact checked by
Rinju Abraham
A member of the leadership team with over 17 years spent working at theintersection of Investment Analysis, Personal Finance, and Technology.Hands-on experience across multiple functions including Index Construction,Index Maintenance, Asset Allocation, Portfolio Construction, Managing ateam of Digital Relationship Managers, etc
In this article
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Making a sizable investment in fixed deposits (FDs), say 5 crores, will help you reach your financial objectives and create a reliable monthly income. To guarantee a stress-free investment experience, conducting thorough research, comparing interest rates, and selecting a suitable bank is crucial.
Monthly Interest for 5 Crore in FD 2024
The following table lists 5 Crore FD interest per month for different banks over a tenor of 5 years for general public:
Frequently Asked Questions
How is the interest on a fixed deposit paid?
The interest on a fixed deposit is usually paid at the end of the tenure of your investment. However, you can choose to have the interest paid to you on a monthly, quarterly, or half-yearly basis.
What are the charges for premature withdrawal of a fixed deposit?
The charges for premature withdrawal of a fixed deposit are usually a percentage of the interest you have earned on your investment. The percentage of interest you will have to pay as a penalty will depend on the tenure of your investment. Also, on the prevailing rules and regulations of the bank or financial institution. It is usually in the range of 0.5% to 1%.
What are the tax implications of fixed deposits?
The tax implications of fixed deposits will depend on your income tax slab. If your income is below the taxable limit, then you will not have to pay any tax on the interest earned on your fixed deposit. However, if your income is above the taxable limit, then you will have to pay tax on the interest earned on your fixed deposit. The tax rate will depend on your income tax slab.
What happens if the depositor dies before the FD matures?
In case of the untimely death of the depositor before the FD matures, the money will be paid to the nominee.
What are the risks of investing in FDs?
The main risk is that the bank or financial institution may fail. If this happens, you may lose all or part of your investment. However, FDs are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), up to ₹5 lakhs. This means that you will be protected up to ₹5 lahks in the event of a bank failure.
Fixed Deposit Interest Per Month
- 1LakhFD Interest per Month
- 2 Lakh FD Interest Per Month
- 5Lakh FD Interest per Month
- 10Lakh FD Interest per Month
- 30LakhFD Interest per Month
- 40LakhFD Interest per Month
- 50 LakhFD Interest per Month
- 60LakhFD Interest per Month
- 1 CroreFD Interest per Month
- 3 CroreFD Interest per Month
- 5 CroreFD Interest per Month
- 10 CroreFD Interest per Month
Related Articles
Article Content
- Monthly Interest for 5 Crore in FD 2024
- Frequently Asked Questions
Posted on 24 Oct, 2023
Last updated May 24, 2024
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Pabitra has extensive experience in covering personal finance and investment planning related topic. His career includes time in improving search presence, writing and editing for a variety of activity in financial domains. Throughout his career, he has helped readers and individuals finding their financial freedom and making smart financial decision in their life.
See all articles by Pabitra KumarMaharana
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