Question
Mr, Kabir a fellow professional accountant has joined as a chief Financial Officer in a multilateral Bank in Jannuay 01, 2019 from where he gets
Mr, Kabir a fellow professional accountant has joined as a chief Financial Officer in a multilateral Bank in Jannuay 01, 2019 from where he gets Tk 5,00,000 per month as his salary. Previously he worked in a local bank in Bangladesh as a chief Financial Officer, where his monthly salary was Tk. 350000.Mr. Kabir has received an amount of Tk 50,00,000 as his end service benefit from his previous bank. He is now planning to invest this money in a way so that he gets maximum benefits. He will open some DPS in a Bank which needs monthly installment around Tk. 250,000-260,000. He has the following options :
Investment all end service amount to a local bank as Fixed Deposit with interest rate 10% and tenor 3 Years. Again he is also planning to open some DPS in a bank and option are as follows
- He can invest in a millionaire scheme with monthly payment of Tk 23,500 and tenor is 3 years or
- He can open a crorepati scheme in a bank with a monthly installment of Tk. 245,000 and tenor is 3 years.
- He can open an DPS in a local bank by investment all of his end service amount with monthly installment Tk. 250000 and duration of the investment is 3 years. At the end of the duration , he will receive total Tk 190,000,000.
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