How to calculate 2 rupees interest for 2 lakh per month?

The return on investment or ROI is extremely crucial while making an investment decision. For instruments like FDs, which are chosen for their assured returns, this is especially important. The interest rate is what signifies the returns you can expect to earn from FDs. 

To understand how the interest is calculated per month, you can use the ₹2 interest for ₹2 Lakh method. This provides a simplified take on interest calculation, and whichever way you calculate it, the outcome is the same. 

The three most commonly used methods are the simple interest, compound interest, and equation. Keep reading to know more about the ₹2 interest for ₹2 Lakh per month method.

In the ₹2 interest for ₹2 Lakhs method, the ₹2 interest for the ₹2 Lakhs invested or deposited is considered, effectively generating a return of 2% per month. For further calculations, the rate of return is fixed at 2% for ₹2 Lakhs.

Here are the three methods you can use to estimate the monthly earnings for ₹2 interest for ₹2 Lakhs.

The calculation of ₹2 interest for ₹2 lakhs per month demonstrated that regardless of the calculation method used, the interest is ₹4,000. This technique can help you arrive at the exact value of FD interest you are due to receive each month. 

Once the interest calculation concept is clear, you can easily compare and weigh FD schemes and returns. On the Bajaj Markets platform, you can also choose from several FD offerings from leading issuers and start your savings journey right away. 

Bear in mind that with manual computation, there is room for error. To avoid a disruption in your finances arising from miscalculations, use the online FD calculator on $$BrandName$$%.