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Investment for Future requirement

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(Querist)
27 April 2009 Dear Friends,

I want Rs. 1 Lac after 3 year for a social function.

For that i want invest monthly, so that i can get Rs.1 Lac including interest after 3 years.

What is the best option for the same?
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
27 April 2009 Choose Reccuring deposit for 36 months. Since your requirement is Rs.100000 you have to invest atleast a minimum of Rs.2500 per month. Which alongwith interest will become Rs.100000/-.

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