As I am 24 year old professional and I have some surplus money which I want to invest in Fixed deposit. If I invest for 3 year then how much I will get after 3 years?
Menu
How can I earn more from fixed deposit?
Replies (2)
Interest rate differ slightly from bank to bank. It may be reduced by some points by the time you plan to make FD. Better go to your bank, the will give you exect figure for different year maturity.
E.g. you can get about 1272 for each 1000 Rs. invested for 3 years @ 8.1%
FIXED DEPOSIT IS NOT A WAY TO EARN MONEY. THE BEST WAY TO EARN MONEY IS TO BUY A BOOK AND LEARN A NEW TRADE LIKE MAKING CAKES AT HOME, MAKING FURNITURE IN FREE TIME, MAKING FOOD AND SAVING ON RESTURANT BILLS, I.E VOCATIONAL ACITIVITES ARE BEST WAY TO MAKE MONEY. INVESTING IN FIXED DEPOSITS IS FOR RETIRED PEOPLE OR FOR THOSE WHO HAVE SUDDENLY GOT A HUGE AMOUNT OF CASH. THAT IS MY POINT OF VIEW, OTHERS MAY DIFFER. IT IS UPTO YOU TO ACCEPT THE VIEWPOINT OR MAKE YOUR OWN.
Recent Topics :
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
Related Topics :
CAclubindia
