How to Earn 6% Interest on an FD of ₹1 Lakh

Investing a substantial sum of ₹1 Lakh in a fixed deposit could help you earn predictable and steady returns. If you get 6% p.a. interest on an FD of ₹1 Lakh for 5 years, you will be able to accumulate as much as ₹33,823. Opting for frequent interest payouts can provide a reliable income stream, helping you meet certain financial needs and manage expenses with ease.

Check out the list of banks and Non-banking Financial Companies (NBFCs) offering over 6% p.a. interest on an FD of ₹1 Lakh: 

To get an estimate of your returns, you can use an FD calculator for 6% interest on a fixed deposit of ₹1 Lakh. It is a user-friendly online tool that allows you to evaluate different fixed deposits. All you need to do is enter the investment amount, tenor, and applicable interest rates. 

Here’s a table illustrating the growth of a ₹1 Lakh FD at 6% p.a. interest rate across different tenors:

The information provided by BFDL is related to the rates provided by Banks and Deposit taking NBFCs as available from public domain and under no circumstances is intended to be source of advice or recommendation of any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers and use of such information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. Display of any intellectual property along with the related product information does not imply BFDL’s partnership with the owner of the intellectual property of such products and is solely for the purpose of information, unless otherwise provided by BFDL.