Long term Investment/deposit.
- Thread starter John4321
- Start date
- Status
Damn you ready to shelve 19000 per year for next 15 years so that after 53 years down the line you get 250000 +accrued bonus(say 15 lakhs).total 20 lakhs?
After 53 years with 20 lakh rupee (which i am sure you wont get)i guess you might hardly be able to buy a nano car with those 20 lakh rupee which you get.Better you start recurring deposit and get a financial planner.
Sorry i do my financial planing myself.
I would request you first check with your friends,colleagues or even boss having one and how has their working on their finance worked.
Also jagoinvestor site owners are now in that business(trusty site) and i guess they are much decent than banks relation managers and others.
@MAGNeT
Financial NOOb here. some of these little thing always confuses me.
If I'm to invest in PPF for 15 years 1Lakh every year.
How much would get back at end of tenure.
Consider the Interest rate as 8.8%.
Which Interest rate is correct *A-interest On deposit / B-Interest on deposit* ?
[TABLE="width: 524"]
[TR]
[TD]Year
[/TD]
[TD]Yearly Deposit
[/TD]
[TD]Interest Rate
[/TD]
[TD]A - Interest on deposit
[/TD]
[TD]B - Interest on deposit
[/TD]
[/TR]
[TR]
[TD="align: right"]1
[/TD]
[TD="align: right"]100000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]8800
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]2
[/TD]
[TD="align: right"]200000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]17600
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]3
[/TD]
[TD="align: right"]300000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]26400
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]4
[/TD]
[TD="align: right"]400000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]35200
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]5
[/TD]
[TD="align: right"]500000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]44000
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]6
[/TD]
[TD="align: right"]600000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]52800
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]7
[/TD]
[TD="align: right"]700000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]61600
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]8
[/TD]
[TD="align: right"]800000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]70400
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]9
[/TD]
[TD="align: right"]900000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]79200
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]10
[/TD]
[TD="align: right"]1000000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]88000
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]11
[/TD]
[TD="align: right"]1100000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]96800
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]12
[/TD]
[TD="align: right"]1200000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]105600
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]13
[/TD]
[TD="align: right"]1300000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]114400
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]14
[/TD]
[TD="align: right"]1400000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]123200
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]15
[/TD]
[TD="align: right"]1500000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]132000
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[/TABLE]
Financial NOOb here. some of these little thing always confuses me.
If I'm to invest in PPF for 15 years 1Lakh every year.
How much would get back at end of tenure.
Consider the Interest rate as 8.8%.
Which Interest rate is correct *A-interest On deposit / B-Interest on deposit* ?
[TABLE="width: 524"]
[TR]
[TD]Year
[/TD]
[TD]Yearly Deposit
[/TD]
[TD]Interest Rate
[/TD]
[TD]A - Interest on deposit
[/TD]
[TD]B - Interest on deposit
[/TD]
[/TR]
[TR]
[TD="align: right"]1
[/TD]
[TD="align: right"]100000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]8800
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]2
[/TD]
[TD="align: right"]200000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]17600
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]3
[/TD]
[TD="align: right"]300000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]26400
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]4
[/TD]
[TD="align: right"]400000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]35200
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]5
[/TD]
[TD="align: right"]500000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]44000
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]6
[/TD]
[TD="align: right"]600000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]52800
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]7
[/TD]
[TD="align: right"]700000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]61600
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]8
[/TD]
[TD="align: right"]800000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]70400
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]9
[/TD]
[TD="align: right"]900000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]79200
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]10
[/TD]
[TD="align: right"]1000000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]88000
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]11
[/TD]
[TD="align: right"]1100000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]96800
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]12
[/TD]
[TD="align: right"]1200000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]105600
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]13
[/TD]
[TD="align: right"]1300000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]114400
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]14
[/TD]
[TD="align: right"]1400000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]123200
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[TR]
[TD="align: right"]15
[/TD]
[TD="align: right"]1500000
[/TD]
[TD="align: right"]0.088
[/TD]
[TD="align: right"]132000
[/TD]
[TD="align: right"]8800
[/TD]
[/TR]
[/TABLE]
Last edited by a moderator:
mav2000
Herald
Guys, if you want good long term investments with very low risk, then look at the tax free bond issues that the Quasi government is launching now. These are 10/15/20 year bonds, with tax free yearly dividend. Will work out well for you guys. Also if you want higher returns, then at this point of time it makes sense to take deep discount bonds, like NABARD. Good long term investments, but also good if you want to make a decent profit in a year or so. Only issue with Nabard is that the initial investment needs to be around 20-50 lacs as they are not easily available. But you may get lucky
honest1
Herald
@Rico, both the calc are not correct.
Check here: Future Value of Periodic Payments Calculator - High accuracy calculation
You will get total 13.90 Lacs as interest at the end of 15 years.
Check here: Future Value of Periodic Payments Calculator - High accuracy calculation
You will get total 13.90 Lacs as interest at the end of 15 years.
Last edited by a moderator:
Neither table a nor table B.You forgot to add principal plus interest and than calculate ROI.
[TABLE="class: grid, width: 700, align: center"]
[TR]
[TD]Years
[/TD]
[TD][/TD]
[TD="width: 64"]Principal[/TD]
[TD="width: 64"][/TD]
[TD="width: 111, align: left"]Interest @8.8%[/TD]
[TD="width: 111"][/TD]
[TD="width: 64, align: left"]Value[/TD]
[/TR]
[TR]
[TD="align: right"]1[/TD]
[TD][/TD]
[TD="align: right"]100000[/TD]
[TD][/TD]
[TD="align: right"]8800[/TD]
[TD][/TD]
[TD="align: right"]108800[/TD]
[/TR]
[TR]
[TD="align: right"]2[/TD]
[TD][/TD]
[TD="align: right"]208800[/TD]
[TD][/TD]
[TD="align: right"]18374.4[/TD]
[TD][/TD]
[TD="align: right"]227174.4[/TD]
[/TR]
[TR]
[TD="align: right"]3[/TD]
[TD][/TD]
[TD="align: right"]327174.4[/TD]
[TD][/TD]
[TD="align: right"]28791.3472[/TD]
[TD][/TD]
[TD="align: right"]355965.7[/TD]
[/TR]
[TR]
[TD="align: right"]4[/TD]
[TD][/TD]
[TD="align: right"]455965.7[/TD]
[TD][/TD]
[TD="align: right"]40124.98575[/TD]
[TD][/TD]
[TD="align: right"]496090.7[/TD]
[/TR]
[TR]
[TD="align: right"]5[/TD]
[TD][/TD]
[TD="align: right"]596090.7[/TD]
[TD][/TD]
[TD="align: right"]52455.9845[/TD]
[TD][/TD]
[TD="align: right"]648546.7[/TD]
[/TR]
[TR]
[TD="align: right"]6[/TD]
[TD][/TD]
[TD="align: right"]748546.7[/TD]
[TD][/TD]
[TD="align: right"]65872.11114[/TD]
[TD][/TD]
[TD="align: right"]814418.8[/TD]
[/TR]
[TR]
[TD="align: right"]7[/TD]
[TD][/TD]
[TD="align: right"]914418.8[/TD]
[TD][/TD]
[TD="align: right"]80468.85692[/TD]
[TD][/TD]
[TD="align: right"]994887.7[/TD]
[/TR]
[TR]
[TD="align: right"]8[/TD]
[TD][/TD]
[TD="align: right"]1094888[/TD]
[TD][/TD]
[TD="align: right"]96350.11632[/TD]
[TD][/TD]
[TD="align: right"]1191238[/TD]
[/TR]
[TR]
[TD="align: right"]9[/TD]
[TD][/TD]
[TD="align: right"]1291238[/TD]
[TD][/TD]
[TD="align: right"]113628.9266[/TD]
[TD][/TD]
[TD="align: right"]1404867[/TD]
[/TR]
[TR]
[TD="align: right"]10[/TD]
[TD][/TD]
[TD="align: right"]1504867[/TD]
[TD][/TD]
[TD="align: right"]132428.2721[/TD]
[TD][/TD]
[TD="align: right"]1637295[/TD]
[/TR]
[TR]
[TD="align: right"]11[/TD]
[TD][/TD]
[TD="align: right"]1737295[/TD]
[TD][/TD]
[TD="align: right"]152881.96[/TD]
[TD][/TD]
[TD="align: right"]1890177[/TD]
[/TR]
[TR]
[TD="align: right"]12[/TD]
[TD][/TD]
[TD="align: right"]1990177[/TD]
[TD][/TD]
[TD="align: right"]175135.5725[/TD]
[TD][/TD]
[TD="align: right"]2165313[/TD]
[/TR]
[TR]
[TD="align: right"]13[/TD]
[TD][/TD]
[TD="align: right"]2265313[/TD]
[TD][/TD]
[TD="align: right"]199347.5029[/TD]
[TD][/TD]
[TD="align: right"]2464660[/TD]
[/TR]
[TR]
[TD="align: right"]14[/TD]
[TD][/TD]
[TD="align: right"]2564660[/TD]
[TD][/TD]
[TD="align: right"]225690.0832[/TD]
[TD][/TD]
[TD="align: right"]2790350[/TD]
[/TR]
[TR]
[TD="align: right"]15[/TD]
[TD][/TD]
[TD="align: right"]2890350[/TD]
[TD][/TD]
[TD="align: right"]254350.8105[/TD]
[TD][/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD]3114701[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[/TABLE]
Note::
Interest of 8.8% wont be taken as most probably this year the rates will go down to 8.4% Hence average of 8% interest should be used.
So u mean in total after the end of 15 yrs we would get this amount in total 28.90 lacs. Am I correct?
Its 31 lakhs and its after 16 not 15 years .Though said to be 15.Also later you can extend the same with 5 years per term with further investment John.
total amount will be about 34.2L since you receive payment after 15+1 Year or 20+1 Years .
If anyone is going for a PPF please go with post office's or Syndicate Bank only . I just Don't trust Indian Private Banks .
Please don't go with ICICI .
I have just started with ICICI last year only. Y is there any problem with them then let me know. I just deposited only rs 1000 in Dec 2012 and was thinking to deposit 1 lakh from now May Onwards
Thats his personal take.
Now all things being linked online transfers can be done from one bank to another.
I have my account in SBI and its crowd really pisses me.
Now i deposit in my pvt bank account and do third party transfer into SBI.
Just once a year i visit SBI now for passbook update.
- Status