Posted On
9/5/2017
1:16:21 AM
by
Hiho
Which bank? Savings bank interest rate varies from bank to bank.
But generally the interest rate has been 4% of the last many years in most banks like SBI. So, an amount of Rs. 10,000 invested 17 years ago (in SB account @4% compounded quarterly) should fetch you around Rs. 19,672.
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Posted On
9/6/2017
11:23:18 PM
by
Indian
invest in post office in ur father,mother name because to save tax as senior citizen put ur name as nominee in wife name also , this will save 7.5 lakhs (each 2.5 lakhs) tax exemption, the income tax is not for ur investment , it is for the interest only so the 7.5 lkahs is the amount accumulated in a year by the way of interest i repeat interest not total amount dont get confused
second reason post office is safe than any
buying land is a good option any further doubts ask.
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