What is 1 lakh fixed deposit interest per month in AU SF Bank?

Fixed Deposits (FDs)
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What is 1 lakh fixed deposit interest per month in AU SF Bank?

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It is easy to calculate 1 lakh fixed deposit interest per month in AU SF Bank. You can calculate the interest receivable using this formula: Monthly Interest = Annual Interest Rate × Principal / 12 × 100.
So, annual interest rate is 7.10% for general citizens and 7.60% for senior citizens as of now. Since principal amount is Rs. 1 lakh, the calculation would be as follows:

For General citizens
Monthly interest = 7.10×100000/12×100 = ₹591

For Senior Citizens
Monthly interest = 7.60×100000/12×100 = ₹633

Hope this helps.