Wednesday, 18 November 2020

Post Office Time Deposit Scheme, Monthly Income Scheme or SBI's FD. Which of these three schemes will be beneficial to invest in?

 

Post Office Time Deposit Scheme, Monthly Income Scheme or SBI's FD. Which of these three schemes will be beneficial to invest in?


 Post Office Time Deposit Scheme, Monthly Income Scheme or SBI's FD. Which of these three schemes will be beneficial to invest in?  

BANK OF INDIA TAP 285002 Cooza SBI is offering 5.4% interest on deposits of 5 to 10 years • Maximum 6.7% interest is being offered in Time Deposit Scheme 6.6% interest is being received in Monthly Income Scheme.  Doing so puts you in trouble
8:50 0.00 KB / S LTED 4G ul (88 Utility earnings can also be wasted.  You can invest in FD of Monthly Income Scheme or SBI. Here you will find out how much you will benefit if you invest in these 3 places. Post Office Time Deposit Scheme This is a type of Fixed Deposit (FD).  You can take advantage of fixed returns and interest payments by investing a certain amount.Post Office Time Deposit Account pays interest at the rate of 5.5 to 6.7% for a period of 1 to 5 years.Anyone invests under 5 years fixed deposit  So he can avail the exemption under Section 80C of the Income-tax Act, 1961. He has to invest a minimum of Rs. 1,000. There is no maximum investment limit. What is the maximum return? Under this scheme, if you invest Rs.  1,39,406 after 6.9%  No interest rate you will get Rs 39,406 as interest.

 How long will the utility double the money? The maximum interest is 6.7%. In this case, according to Rule 72, if you invest money in this scheme, it will take 10 years and 7 months for the money to double.  Monthly Income Scheme is a type of pension scheme in which you can manage your monthly income by investing money together. The special feature of this scheme is that you will get all your money back after maturity. How much can be invested?  On the other hand, if you have a single account, you can deposit up to Rs 4.5 lakh and if you have a joint account, you can deposit up to Rs 9 lakh. The maturity period in this scheme is 5 years.  After one year, the same account can be carried forward for as long as desired. What is the return on investment for 5 years? Under this scheme, if you invest Rs. 1 lakh for 5 years, after 5 years you
8:50 1.00 KB / S LTED 4G 1 88 How long will it take for utility money to double?  The maximum interest is 6.9%.  Therefore, according to Rule 72, if you invest money in this scheme, it will take 10 years and 9 months for the money to double.  What is the interest rate on FD in SBI? 


 Interest rate 2.90% 3.90% 4.40% Duration 7 to 45 days 46 to 179 days 180 to 210 days 211 days 1 year less than 1 year and less than 2 years more than 2 years and less than 3 years more than 3 years and more than 5 years  Less than 5 years and less than 10 years 4.40% 4.90% 5.10% 5.30% 5.40% What is the return on investment for 5 years?  Under this scheme, if you invest Rs 1 lakh for 5 years, you will get Rs 1,30,077 after 5 years.  You will get Rs 30,077 at 6.9% interest.  How long will it take for the money to double?

Post Office Time Deposit Scheme, Monthly Income Scheme or SBI's FD. Which of these three schemes will be beneficial to invest in? Rating: 4.5 Diposkan Oleh: Niya

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