How much money monthly profit per million savings!

 How much money monthly profit per million savings!. Monthly Profit Of Rs 912.00 Per Lakh On Savings Certificates!

At present, the field of lazy money investment is shrinking day by day. The bank is paying interest at the rate of 4-5% per annum on fixed deposits. Banks are also lagging behind due to the inability to create investment opportunities.

Recently, Bangladesh Bank is squandering the money lying with the banks due to misuse of lazy money at 1.6% -1.6% interest.

Tax exemption is available on the purchase of savings certificates. A taxpayer currently gets a 15 per cent tax rebate if he invests 25 per cent of his annual income in savings certificates. Even if you buy more than that, it is not considered a discount.

For example, if a person has an annual income of four lakh rupees, one lakh investment will be considered tax-deductible. As such, he will get a tax exemption of Tk 15,000.

Pensioner Savings Certificates can be purchased only by the retired government, semi-government, autonomous, semi-autonomous officers and employees, retired judges of the Supreme Court, retired members of the Armed Forces and family pension beneficiary spouses/children of deceased employees. 

A maximum of Rs 50 lakh can be purchased in a single name. Profit is given at the rate of 11.6 per cent every three months. However, 5-10 per cent is deducted as tax at source from the profit given against the savings certificate.

For the common man, the only hope is profit-based savings certificates and family savings certificates every 3 months. Bangladesh Savings Certificates can no longer be purchased from banks. Today we are going to discuss 3 inter-profit based savings certificates and family savings certificates.

profit on investment in savings certificates above Rs. 5 lakhs

Savings certificates can be purchased up to Rs. 2 lakhs without tin certificate / Tin will be required only if the total purchase of savings certificates is more than Rs. Tax on purchase of savings certificates and maximum purchase amount . In 5 years, Rs. 5 lakhs will be available at the rate of 11.28 per cent, excluding 5% withholding tax. Profit-based savings certificates at 3 months intervals at a rate of 11.04 per cent will be available at Rs. Family savings certificates at the rate of Rs. 1 lakh per 5 years will be available at the rate of Rs.  At Rs 1 lakh in 5 years, Rs 2940 per quarter will be available on pension savings at the rate of 11.76 per cent. 

How much can a man get if he buys a savings certificate worth Rs 1 lakh per month?

A man cannot buy family savings certificates. So in the case of investment you have to buy profit-based savings certificates every 3 months.  A profit of Rs. 2622 is paid every three months for the purchase of these savings certificates.  It must be kept for 5 years. If you want, you can redeem it even before 5 years, in which case the profit will be deducted. There is no monthly savings scheme for ordinary boys.