Potential annual returns on fixed deposits ranging from ₹50 lakh to ₹2 crore
Fixed deposits of significant amounts, specifically between ₹50 lakh and ₹2 crore, offer a steady yearly income stream. The actual returns are determined by current bank interest rates, which typically range from 6% to 8%. Data from Paisabazaar indicates that a ₹50 lakh deposit at a 7% interest rate results in ₹3.50 lakh per year. Meanwhile, a ₹2 crore investment at an 8% rate produces ₹16 lakh annually, before accounting for taxes. Your total earnings after tax will vary based on your specific tax bracket.
by shortkt.com✓