Skip to main content

Featured Post

Reliance Jio IPO: India's Biggest IPO Coming Soon? Valuation, ARPU, and Latest News

  New Delhi : Financial specialists are profoundly excited almost the Dependence Jio IPO and are anticipating it with awesome expectation. After two decades, Dependence Businesses is set to dispatch an IPO for one of its major commerce units. Presently, Mukesh Ambani has given a critical upgrade with respect to this Jio IPO . The draft outline for Jio Stages is anticipated to be recorded following month. This may possibly be the biggest IPO in the country's history. Dependence has designated a consortium of 19 banks to oversee this process.   Mukesh Ambani, Chairman of Dependence Businesses, has dropped a major indicate with respect to the exceedingly expected IPO of Jio Stages. Depicting it as a "definitive breakthrough," Ambani signaled that the company is quickly progressing in its arrangements for what is balanced to be India's largest-ever IPO. Talking amid the company's profit discharge, Ambani expressed, "I am satisfied to share that we are making...
Post a Comment

With the help of recurring deposit account, you can fulfill your small dreams

With the help of recurring deposit account, you can fulfill your small dreams.



It is not easy for limited-income people to collect money for children's education, marriage or car. But Recurring Deposit (RD) is a scheme that can make your work easier. The special thing about this scheme is that in this you not only get better interest from FD as well as your money is also safe. Today we are telling you today how you can prepare a huge amount of 10 lakh rupees by investing only 200 rupees daily in RD. You can be recurring direct deposit in the bank. Nowadays almost all banks are providing online recurring deposit facility, you can easily open your recurring deposit account.

 

Know here where you will get more benefit by investing in RD?

 

Bank of India (BOI)

 

Term

Interest Rate of RD (%)

1 year and less than 2 years

6.65

2 years and under 3 years

6.70

3 years and under 6 years

6.50

8 year to 10 years

6.35

 

 

Bank of India is paying 6.35% interest on 10-year RD. If you invest 200 rupees or 6 thousand rupees a month in this, then after 10 years, after the interest rate of RD 6.35 per cent per annum, it will be about 1,005,625 rupees. That is, you will get 285,625 rupees as interest.

 

ICICI Bank

 

Term

Interest Rate of RD (%)

1 year and less than 2 years

5.80

2 years and under 3 years

5.80

3 years and under 5 years

6.00

5 year to 10 years

6.00

 

 

ICICI Bank is paying 6% interest on 10-year RD. If you invest 200 rupees or 6 thousand rupees a month in this, then after 10 years, according to the interest rate of RD 6% per annum, it will be about 986,574 rupees. That is, you will get 266,574 rupees as interest.

 

Punjab National Bank (PNB)

 

Term

Interest Rate of RD (%)

1 year and less than 2 years

5.80

2 years and less than 3 years

5.80

3 years and under 5 years

5.80

5 year to 10 years

5.80

 

 

Punjab National Bank is paying 5.8% interest on 10-year RD. If you invest 200 rupees or 6 thousand rupees a month in this, then after 10 years, it will become around 975,885 rupees, according to the interest rate of RD 5.8% per annum. That is, you will get 255,885 rupees as interest.

 

State Bank of India (SBI)

 

Term

SBI RD Interest Rates (%)

1 year and less than 2 years

5.50

2 years and less than 3 years

5.50

3 years and under 5 years

5.70

5 year to 10 years

5.70

 

 

If you invest 200 rupees or 6 thousand rupees a month on getting RD in the State Bank of India, then after 10 years at the interest rate of RD 5.7% per annum, it will be about 970,594 rupees. That is, you will get 250,594 rupees as interest.

 

RD in Post Office

 

India Post's RD is getting 5.8% interest. If you invest 200 rupees or 6 thousand rupees a month in this, then after 10 years, it will become around 975,885 rupees, according to the interest rate of RD 5.8% per annum. That is, you will get 255,885 rupees as interest.

 

Disclaimer: This calculation is done in a rough manner. Banks and post offices periodically review interest rates.

 

 

Labels:

Comments

Post a Comment

Popular posts from this blog

What is the Orange Economy? Top Sectors to Invest in 2026.

  In a time when mechanization and machine learning are changing conventional businesses, a flourishing portion of the worldwide economy is illustrating that human resourcefulness is still a important asset. The "Orange Economy"—also known as the imaginative economy or social industries—has played a major part in protecting culture, making occupations, and developing the economy. But what is this energetic thought, and why is it picking up conspicuousness in discussions almost worldwide development?   What is the Orange Economy?   The express "Orange Economy" was at first utilized by previous Colombian President Iván Duque Márquez and previous Culture Serve Felipe Buitrago. Concurring to the Inter-American Improvement Bank, it is "the organize of interconnected forms through which thoughts are turned into social merchandise and administrations whose esteem is decided by mental property."   Orange was particularly picked since it has been related with devel...
Post a Comment
Read more

What is "money laundering," and how is it carried out?

  The term "money laundering" originated in the United States, emerging from the activities of Mafia groups. These Mafia groups amassed vast sums of money through illicit activities—such as extortion and gambling—and subsequently disguised these funds as income derived from legitimate sources (such as laundromats). It is noteworthy that money laundering became a matter of significant concern in the United States around the 1980s. Money laundering refers to the act of disguising illegally acquired "black money" as funds obtained through legitimate means. Essentially, it is a method used to conceal the illicit origins of financial assets. Through money laundering, funds are channeled into specific activities or investments in such a manner that even investigative agencies are unable to trace the money back to its original source. The individual who orchestrates this financial manipulation is referred to as a "launderer." In the process of money laundering,...
Post a Comment
Read more

Learn How to Confirm a Fake GST Bill

The Government of India actualized the Merchandise and Administrations Charge (GST) over the whole nation beginning July 1, 2017.   Through this article, learn how to distinguish and confirm a fake GST bill. In India, GST applies to all sorts of businesses, with the exemption of a few particular things.   Since its usage on July 1, 2017, a few changes have been presented to assist streamline the framework.   For occurrence, the turnover constrains for required GST enlistment has been expanded.   The turnover edge for picking into the Composition Conspire has moreover been re-examined. In truth, the directions overseeing the recording of GST returns have been adjusted.   Let us see into the directions and controls that apply as of the conclusion of January 2022. In "Typical Category" states, if a commerce substance has an yearly turnover surpassing ₹40 lakhs, getting GST enlistment is obligatory.   Already, this exception restrain was appropriate as it w...
Post a Comment
Read more