My advice to him is make an FD with any reputed bank like SBI, HDFC, ICICI and also charge them endorsement fee. any bank would give him extra 3-4% interest over a 5 year period to use his name.
Re: Make an FD
by R Chakravarti on Apr 13, 2013 10:58 AM
Then he would pay plenty of IT on the interest. Better put in a safe mutual fund scheme (such schemes exist but the yields are relatively low).
I m more happier that nice person like him won 5 crore.I watched the programmed throughly and truly he deserved for that and that was his show without any doubt.
The man living in rented house, got prize money only 3 crores. He will spend 50 lacs for home. His house members are 14. He will have hardly little scope of long term investments.
Re: This is not Big Money
by Dev on Apr 09, 2013 02:29 PM
really?!!! 3 crores is big money in india away from metro cities . I can live very well for rs 1 crore in smalltown.
Re: This is not Big Money
by Chatur R on Apr 09, 2013 02:44 PM
3 crores...thats a big big amount,,,,A fixe deposit in any nationalised bank will fetch him more than 25 lakhs per annum..minus the TDS net amount will be around 17 lakhs..Isn't 17 lakhs per annum not enough for survival??????HE can lead very good life with all his family members for the rest of his life.....
Re: This is not Big Money
by sarfarosh on Apr 09, 2013 02:58 PM
even a family of 30 can flourish in a small town with 3 crores. Just think if you had the three crores and calculate
Re: This is not Big Money
by TS Gupta on Apr 09, 2013 04:56 PM
If he invests in any Naionalised Bank, for 3 cores, he will get atleast Rs.2 .00 lakhs income per month. HEven if hehas 14 member family, he can lead his lie life comfortably.
Re: Re: hii.
by S V on Apr 09, 2013 02:19 PM
The man living in rented house, got prize money only 3 crores. He will spend 50 lacs for home. His house members are 14. He will have hardly little scope of long term investments.
Re: Re: Re: hii.
by sarfarosh on Apr 09, 2013 02:59 PM
even a family of 30 can flourish in a small town with 3 crores. Just think if you had the three crores and calculate. If you are a gambler then even 30 crores is not enough.
Re: Re: Re: Re: hii.
by Intel Midfield on Apr 09, 2013 04:17 PM
If it entirely depends on minds than why 1 crore is required even 1 lac should od the trick.
