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Deposit of Rs 12,000 monthly to get Rs 1.03 cr on maturity: Post office scheme

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3 years ago

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If you’re seeking a risk-free way to invest your money, here’s a great option for you. Small savings at the post office are a preferable option for such investors. Because it is a government programme, you can be sure that you will get a good return on your investment. These post office savings plans have maturities ranging from one to fifteen years. You should invest in the Public Provident Fund if you have a long-term investment strategy (PPF).

This post office savings scheme offers a 7.1 percent annual compounding interest rate. This scheme has a 15-year maturity, but it can be extended for another 5 years after that. You can carry the fund forward if you don’t need it at the end of the 15-year period. You will get greater compounding benefits as a result of this.

The maximum amount that can be placed in this saving scheme is Rs 1.50 lakh each year. Instead of depositing Rs 1.50 lakh once a year, you can make monthly deposits of Rs 12500.

Furthermore, under Section 80C of the Income Tax Act, you can benefit from a tax exemption on your PPF account. The interest and maturity income earned in this account is tax-free as well.

On an investment of Rs 22.5 lakh in the savings scheme, you will receive Rs 18 lakh in interest.

Maturity: 15 years

Monthly investment: Rs 12,500

1 year Investment: Rs 1.50 lakh

Total investment in 15 years: Rs 22.50 lakh

Annual Interest rate: 7.1 percent

Maturity amount: Rs 40.70 lakh

Interest benefit: Rs 18.20 lakh

If you deposit Rs 12,500 for 25 years

Monthly Investment: Rs 12,500

Total Investment in a year: Rs 1.50 lakh

Total Investment in 25 years: Rs 37.50 lakh

Annual Interest Rate: 7.1 percent

Maturity Amount: Rs 1.03 crore

Interest Benefit: Rs 62.50 lakh

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Apple is giving a huge discount on its gadgets: Details inside

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3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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