Gulf News in Malayalam

2023-10-06 14:18:06

Dubai – Here’s a rare opportunity to become a millionaire in the UAE. Officials said that the recently announced National Savings Scheme National Bond will help subscribers become millionaires within three years. NationalBonds said the scheme will allow residents to reach Dh10 lakh (over Rs 2 crore) with monthly payments into the plan and profits offered by the company.

Called the ‘My One Million’ plan, monthly profits are reinvested to maximize returns. Subscribers can choose a tenure from three to 10 years. The monthly installments depend on the duration of the plan. Subscribers can also invest their savings in the scheme as prepayment.

∙ Three year plan

Monthly Pay – AED 26,540.

Total payable: AED 9,55,440

Expected Dividend: AED 44,560

∙ Four year plan

Monthly payment: AED 19,610

Total Payable: AED 941,280

Expected Profit: AED 58,720

∙ 5 year plan

Monthly amount: AED 15,460

Total Payable : AED 9,27,600

Expected Dividend: AED 72,400

∙ 6 year plan

Monthly amount: AED 12,690

Total Payable: AED 9,13,680

Expected Dividend: AED 86,320

∙ 7 year plan

Monthly amount: AED 19,610

Total Payable : AED 941,280

Expected Profit: AED 58,720

∙ 8 year plan

Monthly amount: AED 9,230

Total Payable: AED 8,86,080

Expected Profit Tax: AED 113,920

∙ 9 year plan

Monthly amount: AED 8,080

Total Payable: 872,640

Expected Dividend: AED 1,27,360

∙ 10 year plan

Monthly amount: AED 7,160

Total Payable: AED 859,200

Expected Dividend: AED 1,40,8005

English Summary: A rare opportunity to become a millionaire in the UAE; The National Bond Saving Plan has been announced

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