Passive Income for parents

[chicagoafdb]

13 minutes ago, Merabharathmahan said:

2.5L per year kante ekkuva interest vasthe Every year Tax filings cheyali vallu so adokkati chusko. FD rates every month thaggistunnaru because of indian economy. 0.3% taggincharu from last 2 months. Nee money usa nundi parents account ki send chestava 1cr? Or is it ur parents money. 

Right now thinking to use my nre account. If I put in parents acct tax file cheyyali..

Even nre we have to report but will see when it comes to that point..any way our stay here temporary with h1..

[JohnSnow]

2 hours ago, alpachinao said:

land konala mAlla kattala mAlla rent ki ivvala ivvi Ani jaragadaniki enni rojulu paduthundi entha human effort pettali avanincheyagalara valla parents.so on consider cheyali ga emi teliyakunda land konu illu kattu ane uchitha salahalu enduku

 

 

Icchindhi salaha, dhanilo uchitam, non uchitam emundhi.. 

Uchitam ga kakapothe paisal theesukoni ivvala salahalu

[Merabharathmahan]

2 hours ago, chicagoafdb said:

Right now thinking to use my nre account. If I put in parents acct tax file cheyyali..

Even nre we have to report but will see when it comes to that point..any way our stay here temporary with h1..

Good decision. NRE account lo chesey FD. Manam temporary workers ikkada. Already tax pay chesina dabbu le kada NRE ki send chesedi. Already tax lu bane kadutunnam even though we are not GC holders, malli NRE interest meeda tax katti antha punyam chesukolemu.  Reporting bokka avanni GC vallu follow avvali. 

[Merabharathmahan]

FD rates went down again from yesterday. Sbi bank vadu announce chesadu. Not sure about home loan rate??  Recession bane nadustundi india lo

[CNR]

On 9/9/2019 at 9:13 PM, chicagoafdb said:

Parents need financial support..no pension as father didn't worked did business and invested on children..

Thinking to do FD, that generates fixed money for them.

Budget : 1 CR

 

I know FD not much money return but secure monthly fixed like pension..

My plan invest now let my parents enjoy returns, later when my kids grow up use for there education..

Just need any other better options..

Neeku India lo land unte 300 sqyrds..Ade 1 cr petti 3 floors vesi rent ki icheyee..Money mee parents ni teeskomanu....Neeku kuda future lo illu untadi..I did exactly same in 2010 and never regret doing that. 

After retirement emana pani unte manchidi ani na feeling.. andulo busy untaru lekapothe sodhi muchatlu health issue tho samputaru..

[psycopk]

ee age lo vallaki apt.. properities.. rents ani tala nopi enduku... do fd..its all white.. it will remain there and will be useful for you in future... 

[Gaali_Gottam_Govinda]

Go with FD...... Guaranteed 8% return........... 8 Lakhs per year is more than enough for middle class retirement family.

[mettastar]

29 minutes ago, psycopk said:

ee age lo vallaki apt.. properities.. rents ani tala nopi enduku... do fd..its all white.. it will remain there and will be useful for you in future... 

But value depreciate avudhi kada baa .. if they use interest amount 

[alpachinao]

3 minutes ago, mettastar said:

But value depreciate avudhi kada baa .. if they use interest amount 

Vaddi vasthundi kada depreciation endi malla

[mettastar]

Just now, alpachinao said:

Vaddi vasthundi kada depreciation endi malla

Vaddi karchulaki pothe 

[mettastar]

Just now, alpachinao said:

Vaddi vasthundi kada depreciation endi malla

But india lo real estate appreciation more than 7-8% .. so rents parents ki illlu manodiki 

[chicagoafdb]

16 minutes ago, Merabharathmahan said:

FD rates went down again from yesterday. Sbi bank vadu announce chesadu. Not sure about home loan rate??  Recession bane nadustundi india lo

Yes..less interest rate so people invest money to economy..

Ground reality AP real estate ** up..prime area lo land unte can construct and get returns..but very slump in rest of capital..

Telangana - hyd going up middle class cannot afford..

Friends at hyd buying land and doing construct apt ranging 40-50 lacs..those r generating lot of demand now a days..

[user789]

14 minutes ago, Gaali_Gottam_Govinda said:

Go with FD...... Guaranteed 8% return........... 8 Lakhs per year is more than enough for middle class retirement family.

not everywhere...its usually 7%

ICICI NRE is 6% only kada

[chicagoafdb]

15 minutes ago, Gaali_Gottam_Govinda said:

Go with FD...... Guaranteed 8% return........... 8 Lakhs per year is more than enough for middle class retirement family.

8 percent senior citizen account ?

8 lakhs FD lo kastam..koncham explain if any way we can get 8l..

[alpachinao]

5 minutes ago, mettastar said:

But india lo real estate appreciation more than 7-8% .. so rents parents ki illlu manodiki 

Pyscopk thatha nenu chepindi vunnava plot konadaniki katadaniki entha time paduthundi ekkada konnala Ela konala construction rates are high 1 crore lo.motham avva gotali it's big task needs planning at least more than year  elopu fd chesthey vaddi Anna vasthundi kada