Suppose you continue WFH till February 2022 and save this amount and invest in Recurring Deposit, then 1.44 lakh will be deposited.
The pot fills with drop by drop, they all know this. But have you ever thought that during the work from home starting from March 2020 till now if you had made a Recurring Deposit by saving the bill from office lunch to evening breakfast, then you would get 1 lakh Would have deposited Rs. Not only this, if you continue this habit till February 2022, then according to the estimate, you will be able to deposit up to Rs 1.5 lakh.
Salaried employees in most sectors in the country, especially those who work in information technology, insurance, banking and fintech companies and are working from home, if they are habitual of saving by December 2021, then raise a lot of money Will find.
According to the bill of Rs 200 per day for this lunch and snack of the employees going to the office, financial advisors have put this math. That is, in a month, this amount becomes close to Rs 6,000.
Suppose you continue work from home (WFH) till February 2022 and save this amount and invest in Recurring Deposit, then 1.44 lakh will be deposited. According to the interest rate of 5.5 per cent, this amount is 1,52,507 in 2 years.
If you had the ability to take risk, then you would have done SIP of Rs 6,000 every month, then this amount would have been Rs 1,90,873 (according to Franklin Asian Equity Fund – Growth calculus). At the same time, on the basis of normal returns, this amount would have increased to Rs 1.60 lakh, according to the SBI Mutual Fund counter.
5.8% interest rate is available on Recurring Deposit. SBI (SBI), HDFC Bank (HDFC Bank), ICICI Bank (ICICI Bank), Bank of Baroda (BoB), Punjab National Bank (PNB) generally give an interest of 5.1 to 5.2 per cent on 24 months RD.
On the other hand, for the period of 24 months, Utkarsh Small Finance Bank has an interest rate of 8 percent on it, while Jan Small Finance Bank is giving 7 percent interest rate. By investing in them, you would get Rs 1.55 to 1.56 lakhs on maturity.
With this deposit, you can buy a big smart TV or iPad, or a gift for someone.
