Question: What Will You Do If You Get 1 Crore Rupees?

What can I do with 2 lakh rupees?

5 Best Investment Plans in India 2020 Between Rs 1 – 2 LakhsPublic Provident Fund.

The Public Provident Fund or PPF is a kind of investment tool which helps individuals to save their hard-earned money for over 15 years.

National Savings Certificates (VIII Issue) Account.

Fixed Deposits in Banks.

Mutual Funds.

National Savings Time Deposit Account..

What is considered rich in India?

Notably, India’s richest 1% includes more than 13 million people and their annual pre-tax income amounts to USD 77,000 or an estimated Rs 55 lakh, according to a Bloomberg report, titled, This Is What It Takes to be in the 1% Around the World.

What will be value of 1 crore after 20 years?

Do you know how much you need to shell out to buy it after 20 years? Hold your breath: you need Rs 3.21 crore to buy the same house after 20 years, accounting for an annual inflation of 6 per cent. In other words, Rs 1 crore would be worth 1/3rd of its value (around Rs 31 lakh) today after 20 years.

What is the monthly interest on 1 crore?

If FD interest rate is 6.5%, then you get Rs 6.5 lakh on a fixed deposit of Rs 1 crore in a year. This means you get a monthly interest of Rs 54,167. If FD interest rate is 7%, then you get Rs 7 lakh on a fixed deposit of Rs 1 crore in a year. This means you get a monthly interest of Rs 58,333.

What is the best way to invest 1 crore?

What are His Options?1) Invest in SBI Large Cap Fund. From his analysis, Aman found that if he invests Rs. … 2) Invest in L&T Low Duration Debt Fund. … 3) Invest in Reliance Small Cap Fund.

How can I make 1 lakh in a month?

For trading business, you need to have your Demat &Trading Account. This is one of the Best method out of 11 Best & Real Ways to Earn 1 Lakhs Per Month Online. Online Selling is the best and simplest method to earn money online. I am sure you all must be aware of Online Selling, If not, I will let you know the same.

How much do I need to invest to make 1 crore in 10 years?

One, you should invest around Rs 44,000 every month to create a corpus of Rs 1 crore in 10 years. We have assumed an annual return of 12 per cent for calculation. Two, you should always choose your mutual funds based on your goals, horizons, and risk profile.

What is the tax for 1 crore?

1 Crore, the amount payable as income tax and surcharge shall not exceed the total amount payable as income tax on total income of Rs 50 Lakh by more than the amount of income that exceeds Rs 50 Lakhs….Taxable incomeTax RateUp to Rs. 10,00010%Rs. 10,000 to Rs. 20,00020%Above Rs. 20,00030%

What business can I start with 1 crore?

30 Profitable Business Ideas under 75 Lakhs – 1 Crore (Plant and Machinery Cost) : Start Your Own Industry30 Profitable Business Ideas under 75 Lakhs – 1 Crore (Plant and Machinery Cost) : Start Your Own Industry. … Aluminium Foil Containers. … Bleaching Powder. … Instrument Cable. … House Wire. … Hybrid Electric Scooter Assembling.More items…

How can I make 1000 a day?

How To Earn 1000 Per Day?Start A Blog To Earn 1000 Per Day.Earn Money By Placing Sponsored Content On Your Blog.Earn With Adsense.Earn With Link Text.YouTube Earning.Display Ads.Become Writer.Earn By Taking Surveys.More items…•

How can I make 50k a month?

earn 30000 to 50000 per month without any investment JobsAuto detailing/ Auto Upholstery.E-Rickshaw Driver.Livein maid.food packaging.Anchor. News Editor. Reporter/Sub Editor.Retired Military Personnel.Abacus.

Is 1 crore a lot of money in India?

People often take a ballpark figure as a goal and consider it adequate without going into details of its sufficiency. Most people consider Rs 1 crore to be an adequate retirement amount.

How can I earn 50 lakhs in 15 years?

My suggestion to you would be to direct the money into a nifty index fund like HDFC Index Fund Nifty 50 Plan and Mirae Asset Large Cap Fund. At an expected return of 12 per cent per annum, your monthly investment of Rs 10,000 would help you to create Rs 50 lakh, not accounting for income tax, in 15 years.

What is the interest rate for 1 lakh per month?

Interest rate on SBI savings bank deposits Currently, the interest rate on savings bank deposits on balance up to Rs 1 lakh is 3.5 per cent. On balance above Rs 1 lakh, the interest rate is 3 per cent per annum, which is set at 2.75 per cent below RBI’s Repo Rate, with a minimum of 3 per cent for the entire balance.

How can I become Crorepati in 5 years?

To get to Rs 1 crore in five years, you need to invest at least Rs 1.2 lakh, assuming an annual return of 12 per cent per year. You might get around Rs 45 lakhs if you invest Rs 50,000 for five years.

How can I get 1 crore?

Do the math for your number! Making 1 crore is easy if you can convince people to pay you. To achieve this Goal in reality it takes 3–5 years. To make 1 crore you want to earn 3 lakh per month on average for 3 years.

How much interest will 2 crore rupees earn?

Synopsis. To earn an income of Rs 2 lakh per month or Rs 24 lakh per annum from the corpus of Rs 2 crore, you must return of 12 per cent. However, there is no fixed income instrument that can currently offer you such rate of return.

How can I make 1 lakh fast?

#1. By Stock Market Trading. … 2# By Online Selling. Online Selling is the best and simplest method to earn money online. … 3# Become a Freelancer. If you have skills and don’t want to invest money then start working as a freelancer. … #4. Become a Consultant. … 5.#By DropShipping. … #6. … #7. … #8.More items…•