If you’ve been looking for a safe and guaranteed way to grow your money, you might have come across schemes advertising returns like: “Deposit ₹2,00,000 and Get Guaranteed Interest of ₹29,776.” This attractive offer is catching the attention of many investors, but how exactly does it work? Is it a fixed deposit (FD), a special scheme, or something else entirely?
In this detailed guide, we will break down how depositing ₹2,00,000 can earn you ₹29,776 in interest, how the calculation works, and what investment product offers such returns. Whether you’re a first-time investor or a seasoned professional, you’ll gain clear, actionable insights. We’ll also provide practical advice and important things to consider before you invest.
Deposit ₹2,00,000 and Get Guaranteed Interest of ₹29,776
| Feature | Details |
|---|---|
| Investment Amount | ₹2,00,000 |
| Guaranteed Interest | ₹29,776 |
| Effective Return (%) | Approximately 14.88% annually (pre-tax) |
| Investment Tenure | Typically ranges from 2-5 years (depending on the scheme) |
| Type of Scheme | Could be a combination of Corporate FD, Special FD, or Non-Banking Finance Company (NBFC) FD |
| Professional Tip | Always check the scheme’s credit rating, issuer reputation, and applicable tax rules |
Depositing ₹2,00,000 and earning ₹29,776 in guaranteed interest is definitely achievable—if you choose the right investment product like corporate FDs, NBFC FDs, or high-yield special FDs. However, while the returns are attractive, always pay close attention to the institution’s credit rating, tax implications, and terms & conditions before investing.
What Does “Deposit ₹2,00,000 and Get ₹29,776 Interest” Mean?
At its core, this offer promises a fixed guaranteed return on a lump sum deposit of ₹2,00,000 over a specified period. The total return of ₹29,776 is typically pre-tax and depends on:
- Interest Rate Offered
- Investment Duration
- Type of Investment Product
To better understand, let’s run a simple calculation:
Basic Calculation
Let’s assume:
- Deposit Amount = ₹2,00,000
- Interest Earned = ₹29,776
- Tenure = 2 years
The total maturity amount = ₹2,00,000 + ₹29,776 = ₹2,29,776
Effective Interest Rate Calculation:
Interest rate per year:
(₹29,776 ÷ ₹2,00,000) ÷ 2 years × 100 ≈ 7.44% per annum
This matches many high-yield corporate fixed deposits (Corporate FDs) or NBFC deposits, which typically offer 7.25% to 8.50% annual returns.
see also: Post Office Term Deposit Scheme: Get Rs 15 Lakh by Investing Rs 5 Lakh
Types of Investment Schemes Offering Such Returns
Let’s explore where you can get this kind of return:
1. Corporate Fixed Deposits (Corporate FDs)
Corporate FDs are issued by companies and NBFCs to raise capital. Unlike regular bank FDs, they offer higher interest rates.
Pros:
- Higher returns (7%-9%) compared to bank FDs
- Fixed tenure and guaranteed returns
Cons:
- Riskier than bank FDs (depends on company’s financial health)
- Not covered by Deposit Insurance and Credit Guarantee Corporation (DICGC)
Example:
Bajaj Finance, Shriram Finance, and Mahindra Finance often offer FD rates up to 8.50%.
2. Special Fixed Deposit Schemes
Banks occasionally offer special FD schemes for limited periods with slightly higher interest rates. For example:
- SBI’s Amrit Kalash FD offered 7.10% for a tenure of 400 days.
- ICICI Bank’s special tenures also attract interest rates of 7.25%.
3. Non-Convertible Debentures (NCDs)
Post Office Scheme: मात्र 5 साल में मिलेगा 6,97,033 रुपये का बढ़िया रिटर्न, कितना करना है निवेश देखें
NCDs are fixed-income instruments issued by companies with higher returns (up to 9-10%) and longer tenures. They are ideal for investors seeking guaranteed periodic income.
Tax Implications on Interest Earned
Important Note:
Interest income from FDs or corporate FDs is taxable under the head ‘Income from Other Sources’ as per the Income Tax Act, 1961.
- TDS (Tax Deducted at Source): If the total interest exceeds ₹40,000 in a year (₹50,000 for senior citizens), the institution will deduct TDS at 10%.
- Effective Returns: After tax, the net return could reduce depending on your tax slab (5%, 10%, 20%, or 30%).
Investing ₹2,00,000 for Guaranteed ₹29,776 Interest
Step 1: Research Institutions
Look for corporate FDs or NBFC FDs offering 7% to 9% interest rates. Verify their credit ratings (CRISIL/ICRA/CARE).
Step 2: Check Eligibility and Documents
Generally, you’ll need:
- PAN Card
- Aadhar Card
- Bank Account Details
- Address Proof
Step 3: Choose Tenure
Decide whether you want:
- Short-term (12-24 months)
- Medium-term (3-5 years)
Longer terms usually offer higher rates.
Step 4: Understand Payout Options
- Cumulative FD: Interest paid at maturity (ideal if you don’t need regular income)
- Non-Cumulative FD: Interest paid monthly, quarterly, or yearly (good for retirees)
Step 5: Apply Online or Offline
Most institutions offer both online and branch-based application processes. Fill out KYC forms and deposit ₹2,00,000.
see also: Important Information for Those Investing in FD
Deposit ₹2 lakhs and Get Guaranteed Interest FAQs
1. Can I really get ₹29,776 guaranteed interest on ₹2,00,000 deposit?
Yes, provided you invest in high-interest corporate FDs or special schemes offering around 7%-9% annual returns over 2-3 years.
2. Is it safe to invest in corporate FDs?
While corporate FDs offer higher returns, they carry more risk compared to bank FDs. Always check the credit rating (AAA or AA+) and company stability.
3. Are the interest earnings taxable?
Yes. Interest income from FDs is fully taxable as per your tax slab. TDS is applicable if interest exceeds ₹40,000 (₹50,000 for senior citizens).
4. Can I withdraw my FD early?
Most FDs allow premature withdrawal but with a penalty fee and lower interest. Corporate FDs may have stricter conditions.
