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Her early Thursday post gained over 3,000 likes and nearly 1,000 replies, but most pointed out the math error: 12% on ₹1 crore yields ₹1 lakh monthly before taxes, not ₹1.2 lakh. Current top fixed deposit rates sit at 7-8.6% from small finance banks, with big names like HDFC and SBI at 6.5-7.5%, and taxes plus inflation further erode returns. Users joked about splitting funds across banks for absurdly high yields or exotic branches, while stressing real hurdles like RBI's ₹5 lakh insurance cap per bank and the rarity of having ₹1 crore liquid in costly cities.
Her early Thursday post gained over 3,000 likes and nearly 1,000 replies, but most pointed out the math error: 12% on ₹1 crore yields ₹1 lakh monthly before taxes, not ₹1.2 lakh. Current top fixed deposit rates sit at 7-8.6% from small finance banks, with big names like HDFC and SBI at 6.5-7.5%, and taxes plus inflation further erode returns. Users joked about splitting funds across banks for absurdly high yields or exotic branches, while stressing real hurdles like RBI's ₹5 lakh insurance cap per bank and the rarity of having ₹1 crore liquid in costly cities.Her early Thursday post gained over 3,000 likes and nearly 1,000 replies, but most pointed out the math error: 12% on ₹1 crore yields ₹1 lakh monthly before taxes, not ₹1.2 lakh. Current top fixed deposit rates sit at 7-8.6% from small finance banks, with big names like HDFC and SBI at 6.5-7.5%, and taxes plus inflation further erode returns. Users joked about splitting funds across banks for absurdly high yields or exotic branches, while stressing real hurdles like RBI's ₹5 lakh insurance cap per bank and the rarity of having ₹1 crore liquid in costly cities.