Want to know between two banks FDs.

[sayandeb]

First of all I'm also against FDs.

But in my situation it is important to make FD because I can't afford any risk and I have a large amount (>50 lakhs), so it's my humble request to all of you - @TaxWiser @zacobite @nikhilchauhan @The INSANE Trader @anuragmukherjee28 @ShavirB , to suggest me which one FD will be best for my monthly payout for the long term as below mentioned.

Option 1 : FD in HDFC for the 55 months period which is giving 7.40% interest but as I want monthly payout it decreases to 7.35% and It will be for next 9 year 2 months simultaneously.

Option 2 : FD in SBI for the 444 days period which is giving 7.25% interest but as I want monthly payout might it will also decrease (I don't know how much) and It will be also for next 10 years simultaneously.

Which one should I choose and why just need a reply in 5 lines.

 

[zacobite]

First of all I'm also against FDs.

But in my situation it is important to make FD because I can't afford any risk and I have a large amount (>50 lakhs), so it's my humble request to all of you - @TaxWiser @zacobite @nikhilchauhan @The INSANE Trader @anuragmukherjee28 @ShavirB , to suggest me which one FD will be best for my monthly payout for the long term as below mentioned.

Option 1 : FD in HDFC for the 55 months period which is giving 7.40% interest but as I want monthly payout it decreases to 7.35% and It will be for next 9 year 2 months simultaneously.

Option 2 : FD in SBI for the 444 days period which is giving 7.25% interest but as I want monthly payout might it will also decrease (I don't know how much) and It will be also for next 9 year 2 months simultaneously.

Which one should I choose and why just need a reply in 5 lines.

Put FDs and in Liquid Funds
Upto 5 L in SFBs as well ( per sfb)
POMIS is also an option
Monthly bank fds may not be the best option.. atleast do qtrly
Spread more to avoid tds ( above 40k p. a interest will lead to tds per bank)

 

[anuragmukherjee28]

First of all I'm also against FDs.

But in my situation it is important to make FD because I can't afford any risk and I have a large amount (>50 lakhs), so it's my humble request to all of you - @TaxWiser @zacobite @nikhilchauhan @The INSANE Trader @anuragmukherjee28 @ShavirB , to suggest me which one FD will be best for my monthly payout for the long term as below mentioned.

Option 1 : FD in HDFC for the 55 months period which is giving 7.40% interest but as I want monthly payout it decreases to 7.35% and It will be for next 9 year 2 months simultaneously.

Option 2 : FD in SBI for the 444 days period which is giving 7.25% interest but as I want monthly payout might it will also decrease (I don't know how much) and It will be also for next 9 year 2 months simultaneously.

Which one should I choose and why just need a reply in 5 lines.

wherever you are getting the best interest , take it ,so in this case FD in HDFC seems to be a better option for you

 

[The INSANE Trader]

First of all I'm also against FDs.

But in my situation it is important to make FD because I can't afford any risk and I have a large amount (>50 lakhs), so it's my humble request to all of you - @TaxWiser @zacobite @nikhilchauhan @The INSANE Trader @anuragmukherjee28 @ShavirB , to suggest me which one FD will be best for my monthly payout for the long term as below mentioned.

Option 1 : FD in HDFC for the 55 months period which is giving 7.40% interest but as I want monthly payout it decreases to 7.35% and It will be for next 9 year 2 months simultaneously.

Option 2 : FD in SBI for the 444 days period which is giving 7.25% interest but as I want monthly payout might it will also decrease (I don't know how much) and It will be also for next 10 years simultaneously.

Which one should I choose and why just need a reply in 5 lines.

According to me going with option 1 is better because in FD we have to see the returns because no other tension is their in FDs.

 

[sayandeb]

According to me going with option 1 is better because in FD we have to see the returns because no other tension is their in FDs.

For the security and safety which bank should I consider ? Because I heard that HDFC makes bad practices while opening account and FD.

 

[The INSANE Trader]

For the security and safety which bank should I consider ? Because I heard that HDFC makes bad practices while opening account and FD.

Everything comes with pros and cons nothing is perfect. SBI's staffs maximum time says that server is slow. So, its completely your choice.

 

[sayandeb]

Everything comes with pros and cons nothing is perfect. SBI's staffs maximum time says that server is slow. So, its completely your choice.

Should I also consider Kotak Mahindra Bank ? It's giving higher interest than both and have small tenure than HDFC.

 

[The INSANE Trader]

Should I also consider Kotak Mahindra Bank ? It's giving higher interest than both and have small tenure than HDFC.

When I get confused seeing their returns I compare the company among themselves you can use this technique too...compare which company is fundamentally strong go for it.

 

[zacobite]

Should I also consider Kotak Mahindra Bank ? It's giving higher interest than both and have small tenure than HDFC.

kotak /indus / idfc have higher rates.. kotak mobile app is quite good

 

[krishna1718]

First of all I'm also against FDs.

But in my situation it is important to make FD because I can't afford any risk and I have a large amount (>50 lakhs), so it's my humble request to all of you - @TaxWiser @zacobite @nikhilchauhan @The INSANE Trader @anuragmukherjee28 @ShavirB , to suggest me which one FD will be best for my monthly payout for the long term as below mentioned.

Option 1 : FD in HDFC for the 55 months period which is giving 7.40% interest but as I want monthly payout it decreases to 7.35% and It will be for next 9 year 2 months simultaneously.

Option 2 : FD in SBI for the 444 days period which is giving 7.25% interest but as I want monthly payout might it will also decrease (I don't know how much) and It will be also for next 10 years simultaneously.

Which one should I choose and why just need a reply in 5 lines.

go with HDFC since you looking for monthly payout and interest is higher for longer period so in future deposit rates may decreases still you can more value with 4+, years fd