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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