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POSTED BY ON January 6, 2013 1:51 pm ONE COMMENT
Hi Manish,
came to know about following scheme.. what u think about this??
is it worth it?? i dont think so.. whats ur thought ???
Under this scheme, you need to invest a fixed amount every month for 11 months. The 12th month installment is paid by the service provider .hence you can buy for more than what you pay
| Scheme Type | 11+1 |
| You Pay | 3000 |
| No of months | 11 |
| Total Paid | 11 X 3000 = 33000 |
| Discount | 3000 (at time of purchase) |
| Total Amount | 36000 |
| Time period | after 12 months |
| Advantage |
Discount – 100% of monthly instalment
|
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This is like an investment giving about 9% return which is comparable to a recurring deposit
there are many conditions on what you can buy and wastage charges on select jewels etc.
quite a of fine print one has to read and understand
If you choose a RD to invest the same amt after one year you will get slightly more returns and you free to do what you want with it