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By Ascent BPO (Blogger)

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What should I invest in, if I have Rs. 5,000?

Anonymous | Posted 18 Mar, 2020

If you have only Rs.5000, you can consider investing in a Systematic Deposit Plan. Doing so would lead to a range of benefits. Still, before proceeding, you must understand what an SDP is. What is an SDP?A Systematic Deposit Plan is a feature of fixed deposits. However, in this option, you do not have to deposit a lump-sum amount. Instead, you can deposit... Read More

By lets user (@Professional)

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Some of the best investment tools for senior citizens that help to save income tax are listed below -   Fixed deposit (FD)Five-year fixed deposits are eligible for substantial tax exemptions under Section 80C. A maximum of Rs. 1.5 Lakh on principal can be claimed for tax waivers. However, interest earned on total deposits is taxed, at rates depending... Read More

By lets user (@Professional)

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Given the specified term of 2 years for Rs.50 lakh deposit, an FD account comes off as a suitable investment option that would best-help generate high returns. You can proceed with an estimation of interest earned on such deposit with the help of financial tools like FD calculator. Now, as for the interest sought quarterly, i.e. on a 3-months basis, some... Read More

By Sandeep Jain (Financial Advisor)

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