Whether is this a
good time to Invest money in Indiaan Fixed Deposits ?
BENEFIT ILLUSTRATION FOR $ 100 AS ON AUGUST 2012
As on today
$ 100 => INR 5400 (presumed)
If this amount is invested in STDR for a period of 2 years then
Today ROI Maturity
INR 5400 => (9.00%) => INR 6452 (after 2 years)
After 2 years
We can presume INR to $ will be around 48-50, we take 50 for our illustration
INR 6452 => $ 129
So after 2 years $ 100 will become $ 129 (i.e. about 29% growth)
In addition to this; presently in India interest on NRE deposit is fully tax free
So keeping said illustration in view, we can say that this is a good time to send money to India for making NRE FD
BENEFIT ILLUSTRATION FOR $ 100 AS ON AUGUST 2012
As on today
$ 100 => INR 5400 (presumed)
If this amount is invested in STDR for a period of 2 years then
Today ROI Maturity
INR 5400 => (9.00%) => INR 6452 (after 2 years)
After 2 years
We can presume INR to $ will be around 48-50, we take 50 for our illustration
INR 6452 => $ 129
So after 2 years $ 100 will become $ 129 (i.e. about 29% growth)
In addition to this; presently in India interest on NRE deposit is fully tax free
So keeping said illustration in view, we can say that this is a good time to send money to India for making NRE FD
For other details / queries , drop a mail at prashant.singh@sbi.co.in
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