Millionaire Investment Plan
Invest a fixed amount monthly and become a Millionaire
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You have the opportunity to invest a fixed amount monthly over a period of 3, 4 or 5 years.
Depending on your ‘Target Amount’, you can invest to for a final sum of 10,000/-, 25,000/-, 50,000/-, 100,000/-, or 250,000/- in a currency of your choice.
The ‘Monthly Deposit’ amount will vary depending on the ‘Investment Period’ and ‘Target Amount’.
The monthly deposit to be routed through your Personal Foreign Currency Account (PFCA).
You can monitor the growth of your investment through e-statements, issued quarterly.
In an eventuality of an unexpected demise, the nominee (Nominated by the account holder) will receive the amount invested with interest.
Amounts shown below are the ‘Monthly Deposit’ to be made for a ‘Target Amount’ of 10,000 in USD, EUR, GBP & AUD.
Period of Investment |
Monthly Contribution |
|||
---|---|---|---|---|
USD | EUR | GBP | AUD | |
3 Years | 249.00 | 261.25 | 261.25 | 253.00 |
4 Years | 178.25 | 190.00 | 188.00 | 182.00 |
5 Years | 133.50 | 146.50 | 142.75 | 139.00 |
Figures given in the table above should be either applied directly or multiplied, to arrive at your desired 'Target Amount’.
If you are a person aged 18 years & above and falling under below categories, you can open a 'Millionaire Investment Plan in Foreign Currency'.
Currency | Interest Rate % (p.a.) | ||
---|---|---|---|
3 Years | 4 Years | 5 Years | |
USD | 7.00 | 7.50 | 8.50 |
EUR | 4.00 | 4.50 | 5.00 |
GBP | 4.00 | 5.00 | 6.00 |
AUD | 6.00 | 6.50 | 7.00 |
Note - These rates are subject to change at the discretion of the bank, from time to time without prior notice.
Handing over the duly completed documents, mentioned above- to a Commercial Bank branch of your choice.
Account opening mandate can be downloaded from our web site or can be collected from any Commercial Bank branch.
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.
Please feel free to use our Product Enquiry Form. Our representatives will get in touch.
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