S svishal1286 KF Rookie Nov 7, 2023 #1 I have a x amount of money and I would like it investment it for duration say 1-2 years .any suggestions??
I have a x amount of money and I would like it investment it for duration say 1-2 years .any suggestions??
1 17ysaurabh KF Mentor Nov 7, 2023 #2 It depends on your risk profile. 1. If you don't want to take risks, you can invest in parts (each less than 5 lakhs) in FDs of private banks for a 7% - 9% return. 2. If you can take moderate risks, you should invest it in Mutual Funds.
It depends on your risk profile. 1. If you don't want to take risks, you can invest in parts (each less than 5 lakhs) in FDs of private banks for a 7% - 9% return. 2. If you can take moderate risks, you should invest it in Mutual Funds.
S soumyojit KF Rookie Nov 17, 2023 #3 Which Bank I should go for to put FD to get the highest interest ?
1 17ysaurabh KF Mentor Nov 17, 2023 #4 soumyojit said: Which Bank I should go for to put FD to get the highest interest ? Click to expand... Well, it varies from bank to bank based on the tenure of FD like 1 year, 2 years, 3 years, 5 years etc. Generally, small finance banks offer a higher interest rate on FD. Unity Small Finance Bank: Upto 9% Fincare SFB and Shivalik SFB: Upto 8.6% Note: RBI insures FD up to 5 lakhs in all the banks. This includes both principal and interest amounts.
soumyojit said: Which Bank I should go for to put FD to get the highest interest ? Click to expand... Well, it varies from bank to bank based on the tenure of FD like 1 year, 2 years, 3 years, 5 years etc. Generally, small finance banks offer a higher interest rate on FD. Unity Small Finance Bank: Upto 9% Fincare SFB and Shivalik SFB: Upto 8.6% Note: RBI insures FD up to 5 lakhs in all the banks. This includes both principal and interest amounts.
