uththere - Sampath (Double S)
best method, always withdraw 25,000/- or near amounts and start fixed deposit.
else open call deposit account and transfer money....
Hi,
Go for compound deposit scheme. It is the best way I think if you are going to save monthly.
Almost all the banks have that now.
For example commercial bank has "Millionaire Account" and NDB has "Savings Planner".
The power of compound deposits are as follows.
If you put 10,000 rupees per month for 9.3% annual interest rate for 5 years you will end up having 766,101.78 rupees. Calculations done by using www . thecalculatorsite . com