What can I do with 10 lakh rupees?

What would you do if you won a lottery of 10 lakh?

Here are the things I would do after winning 10 lakhs in the lottery.

  1. #1 I would stay anonymous. …
  2. #2 I would choose either a lump-sum payment or instalment payment. …
  3. #3 I will pay off my existing debt if I have any. …
  4. #4 I will come up with an investment plan. …
  5. #5 Get the taste of how a luxurious life looks like.

What business can I start with 10 lakhs?

To keep you ahead of others, here’s the list of few profitable business ideas under ₹10 lakhs in India:

  • Gadget Stores. …
  • Cleaning Business. …
  • Catering Services. …
  • Delivery Services. …
  • Travel-Holiday Planner. …
  • Online Store. …
  • Dog Breeder. …
  • Online Advertisements.

What can you do in 10 lakh?

Best business ideas under 10 lakh

  1. IT or gadget store. The IT or gadget store is the best business under 10 lakh. …
  2. Cleaning business. The next new business idea is to start a cleaning business. …
  3. Catering business. …
  4. Travel business. …
  5. Online stores. …
  6. Fitness centre. …
  7. Spa service business.
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Can you give family money if you win the lottery?

Each person can give away, during life or at death, a certain amount of property before the tax kicks in. … So by claiming the lottery winnings as a family partnership, a winner can claim that they are not making a taxable gift, because it was a family investment. This could save millions in gift taxes.

How can I win Indian lottery?

Nine Tips on How to Win the Lottery

  1. To increase your probability of winning, you need to buy more tickets. …
  2. Form a lottery syndicate where you gather money from lottery players. …
  3. Don’t choose consecutive numbers. …
  4. Don’t choose a number that falls in the same number group or ending with a similar digit.

How can I become Crorepati?

How to become a Crorepati in 10 years

  1. Carefully choose a Financial Planner. …
  2. Manage expenses wisely to create more savings. …
  3. Stay Informed, Stay Focused, Stay Disciplined and be Patient. …
  4. Make Planned Investments in the Right Schemes.

How can I get Million in Lakh?

The formula to convert Million to Lakh is 1 Million = 10 Lakh.

Where can I investing 10 lakhs to get monthly income?

Have you invested your Rs 10 lakh in these 10 ways?

  • Emergency funds. There can be times when you will be hit by curveballs and you need to be prepared for it! …
  • Short-term funds. …
  • ELSS funds. …
  • High growth funds. …
  • Gold. …
  • Public Provident Fund. …
  • Health insurance. …
  • Term insurance.

Where can I invest 15 lakhs?

Q:What are the best investment options available for saving in India?

  • Direct Equity.
  • Equity Mutual Funds.
  • Debt Mutual Funds.
  • SIP and ULIP Funds.
  • National Pension System.
  • Public Provident Fund.
  • Bank Fixed Deposit.
  • RBI Taxable Bonds.
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What can I do with 15 lakhs?

Business Ideas Involving Capital Investment of 15 lakhs

  • Gadget Store. …
  • Cleaning Store. …
  • An Online Store. …
  • Travel Holiday Planning Business. …
  • Catering Business. …
  • Online Advertisement Business.

What can I do with 7 lakhs?

6.99 lakhs is not too much of money.

10 Incredible Things You Can Do If You Have 6.99 Lakhs

  1. You can take a 14-day cruise to Antarctica. …
  2. Believe it or not but if you have Rs. …
  3. See Europe by boat. …
  4. Buy a pair of Diamond encrusted jeans. …
  5. You can have a complete meal of the most expensive food in the world.

Which business is best for earn money?

Best business ideas to make money

  • Create and sell chatbots to other business owners.
  • Become an online fundraising consultant.
  • Get paid for educational blogging.
  • Use your education to teach classes online.
  • Become a green app developer.
  • Make money through social crowdfunding.
  • Write and publish your own ebooks.

What business can I start?

Best low-investment business ideas you can start on the side

  1. Partner with a dropshipper. …
  2. Design and sell print-on-demand t-shirts. …
  3. Launch your own book. …
  4. Create digital products or courses. …
  5. Sell print-on-demand posters, greeting cards, and prints. …
  6. Start a charitable business. …
  7. Sell a service. …
  8. Create an online fashion boutique.

How much interest will 10 lakhs earn?

37,009 if you do not withdraw the monthly interest on the amount deposited. Likewise, for an investment of Rs 20 Lakhs, you will get Rs.

Monthly Payout.

Investment amount Monthly interest Cumulative interest for 5 years
1 lakh Rs. 526 Rs. 37,009
5 lakh Rs.2,629 Rs. 185,043
10 lakh Rs.5,258 Rs.3,70,087
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