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Tata Group's latest investment option has generated huge interest among small investors. This investment scheme gives you a chance to become a millionaire after years by depositing just Rs 50,000. In this article we will provide complete details of this special scheme and understand how a simple investment can help you get a huge return. So let us know about this scheme in detail and understand how you can secure your future by taking advantage of this scheme.
Introduction to Tata Investment Scheme
Tata Group has launched its new Long Term Investment Plan Under this, a scheme has been introduced, which provides investors an opportunity to become millionaires with a simple investment. This scheme provides safe and profitable returns to investors, allowing them to multiply their capital manifold.
How does this scheme work?
In this scheme you have to invest an amount of ₹ 50,000 for a fixed period. Over time, compound interest keeps getting added on this amount, due to which your total amount increases significantly. Interest rates have also been fixed in the scheme according to time, which gives higher returns on your investment. For example, if you maintain investment for 20-25 years, you can get profits worth crores.
Initial investment amount of ₹50,000
Investing in this scheme can be started with a small amount of ₹50,000. This amount can be deposited in lump sum or in periodic installments. This scheme of Tata is especially for those who are able to maintain investments for a long time.
Benefits of this scheme
1. High Returns
The biggest advantage of this scheme is its high returns. This scheme is much more profitable than the interest on ordinary deposits. Compound interest is added to this investment scheme of Tata, which can turn even a small amount into lakhs over a year.
2. Safe investment
Tata Group is a reputed Indian company, known for its safety and reliability. Under this scheme, investors' money remains safe. Investors can make their future financially strong without any risk.
3. Benefit of compounding
Due to the power of compounding, your deposit amount in this scheme grows over time. Compounding means that interest is added to your interest, which increases your amount hugely. This strategy is extremely beneficial for long-term investors.
Qualifications for investing in this scheme
1. Age Limit
The minimum age limit to invest in this scheme is 18 years. The maximum age limit of the investor has been kept at 60 years, so everyone from youth to senior citizens can invest in it.
2. Required Documents
The investor has to present his Aadhar card, PAN card and income certificate. These documents are necessary so that there is no problem in the investment process.
How to invest in this scheme?
1. Both online and offline options available
Tata Group has given both online and offline options to invest in this scheme. You can get information about the scheme by visiting the official website of Tata and invest online as per your needs. Apart from this, you can also invest in this scheme by visiting your nearest Tata Investment Centre.
2. EMI Option
In this scheme of Tata, EMI option has also been given to the investors. This option is beneficial for those who are not able to deposit a large amount at once. They can deposit the amount in month-to-month installments.
Understand calculation of return on investment by example
Suppose you have invested an amount of ₹ 50,000 in this scheme for 20 years. Over time, your amount grows based on compound interest and interest rate. After 20 years, your investment can reach ₹1.64 crore, which is much higher than your original investment.
Are there risks in this plan?
This scheme of Tata Group is a safe and stable investment scheme. Although there is some risk in any investment scheme, but due to the credibility of Tata, this scheme is considered safe.
Terms and conditions related to this scheme
1. Investment period
The minimum period of investment in this scheme has been kept at 15 years. The investor has to maintain the investment for a minimum period so that he can get maximum profit.
2. Pre Withdrawal Fee
If you want to withdraw the amount before the end of the plan term, you may have to pay pre-withdrawal charges. However, certain conditions may apply when making withdrawals during the plan.
