I don't think you will find anything safe that will give you anywhere close to the return you want.
12% is a fairly high return which no safe option will give you.
You can invest in mutual funds and can most probably get 12% return in long term but it's not a safe guaranteed return.
Thanks for your suggestion sir..
All sugesstions are most welcome
Safe investment will always be under 10% that too for super senior citizens and anything above that (10%) will be risk investment only, so for safe investment currently its Suryoday Bank which gives 9.01% (9.25% for senior folks) for 5yrs FD meaning 3.2L invested for 5yrs fetches 5L (11.23% annualized/ for senior citizen close to 11.5% annualized), the reason for 3.2L is for 5L insurance coverage by DICGC
Most people casually say, we have insurance for 5 lakh, so we can invest upto that amount. But if things go wrong, how long it takes for that amount to be recovered? Please read stories on internet.
In IMHO, one should avoid all these extra interest banks, if safety is priority.
If you need 12% or higher than forget about safety, still you can get 9-10% as safest way by investing in government bonds obviously not 100% safe but safest available in market for upto 10% return
Which govt bonds are giving 10%
Sure shot 12-15% return isn't possible. Mutual funds have been giving these returns but there is no guarantee that trend will continue.
Do FD for 5 lacs and 5lacs in MF or shares so avg may be 12-15%
u can even include Gold, say for 2lacs
- almost safe IMO
Gold return gave me 20% in month
For Long Term Go Ahead with Gold, Sure 12%.
Safe investment will always be under 10% that too for super senior citizens and anything above that (10%) will be risk investment only, so for safe investment currently its Suryoday Bank which gives 9.01% (9.25% for senior folks) for 5yrs FD meaning 3.2L invested for 5yrs fetches 5L (11.23% annualized/ for senior citizen close to 11.5% annualized), the reason for 3.2L is for 5L insurance coverage by DICGC