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How much should I invest to get 10000 monthly?

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How much should I invest to get 10000 monthly?

It seems you are talking about investing in a balanced fund and withdraw a fixed amount through SWP, right? If it is so, then to withdraw Rs 10,000 you should invest at least Rs 13.50 Lakhs (assuming withdrawal rate @9\% annual).

How do you get monthly interest on 10000?

If you want to earn a monthly income of Rs 10,000 then you will have to make a deposit of Rs 5,07,964. On the amount that you deposited, you will get a return from the interest rate of 7 percent, which comes to Rs 10,000 every month.

Which bank is best for monthly interest?

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Interest Rates on Monthly Income FD Schemes

Bank Tenure Interest Rates
HDFC Bank FD 7 days to 10 years 2.50\% to 5.50\%
Kotak Bank FD 7 days to 10 years 2.50\% to 5.30\%
Axis Bank FD 7 days to 10 years 2.50\% to 5.75\%
Bank of Baroda FD 7 days to 10 years 2.80\% to 5.25\%

Does SBI pay monthly interest?

The interest rate on the SBI Monthly Income Scheme Fixed Deposit is in the range of 2.90\% to 5.10\%. The interest in this scheme is credited monthly in the depositor’s account.

Where do I invest 10K?

How to invest $10K: 9 smart ways to use your money

  1. Put money in a high-yield savings account.
  2. Pay off high-interest debt.
  3. Max out your individual retirement account (IRA)
  4. Fund a Health Savings Account (HSA)
  5. Save for education costs with a 529 account.
  6. Open a taxable investment account.
  7. Build a CD ladder.

What can I do with 10K in India?

Take a look at these top 13 profitable Low Investment Business Ideas in India:

  • Social Media Management Services. In the current scenario, social media has redefined how business functions.
  • Blogging.
  • Travel Agency.
  • Photography.
  • Tiffin Service.
  • Fruit Juice Kiosk Business in India.
  • Online Fitness Instructors.
  • Event Management.
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Does FD give monthly interest?

Can we get monthly interest on a fixed deposit? Yes, you can get monthly interest payouts if you choose periodic payouts and select monthly frequency. When you invest your money in FDs, you gain interest on your principal amount, obtained periodically.

How much interest do I get on an investment of Rs 100000?

Fixed returns of 8.4\% per annum are paid every month. E.g. if you invest Rs 100,000, interest amount would be Rs 8,400 per annum and you can expect monthly income of Rs 700. Such income should be added to your income and necessary income tax needs to be paid.

How much should I invest in SWP to withdraw 10000 rupees?

If it is so, then to withdraw Rs 10,000 you should invest at least Rs 13.50 Lakhs (assuming withdrawal rate @9\% annual). However, before investing in the above and starting the SWP, you must be aware about the following –1.

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How much money do I need to invest in POMIS?

You need to open POMIS for 5 year period. Fixed returns of 8.4\% per annum are paid every month. E.g. if you invest Rs 100,000, interest amount would be Rs 8,400 per annum and you can expect monthly income of Rs 700. Such income should be added to your income and necessary income tax needs to be paid.

Is it possible to generate more than 40\% return from fixed investment?

To generated more than 40\% return from fixed investment is unlikely. You have only one option to increase capital stock market.From Stock market you can not generate fixed monthly return.