Investment for Future requirement
This query is : Resolved
Jayesh Jagetiya
(Querist)
27 April 2009
Dear Friends,
I want Rs. 1 Lac after 3 year for a social function.
For that i want invest monthly, so that i can get Rs.1 Lac including interest after 3 years.
What is the best option for the same?
I want Rs. 1 Lac after 3 year for a social function.
For that i want invest monthly, so that i can get Rs.1 Lac including interest after 3 years.
What is the best option for the same?
CA. B.SRINIVASULU
(Expert)
27 April 2009
Choose Reccuring deposit for 36 months. Since your requirement is Rs.100000 you have to invest atleast a minimum of Rs.2500 per month. Which alongwith interest will become Rs.100000/-.
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