Question: how much interest will i earn on 1 lakh rupees?
Answer: As you have mentioned that you want to invest Rs. 1 lakh for 1 year, the option factors may be a new customer, deposit option non-cumulative, interest payment frequency monthly, and rate of interest is 7.35%, then your maturity amount will be Rs. 1,07,350 and the total interest earned in one year will Rs. 7350.