https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793670
Axis, SBI, HDFC all offering 6.1% for 1 year FD🤣.
Better FD rates coming hold on
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Rbi Just announced meeting on 3rd nov
Instead of waiting till Dec meeting they announced this so obviously they will increase repo rate again, very unexpected move
https://www.livemint.com/news/india/rbi-schedul...
Last time (may 2022) they did this we saw a 1.4% hike in 3 months
We can see above 6.5% repo rate before ending of 2022 now!! FD rates will follow!!
Instead of waiting till Dec meeting they announced this so obviously they will increase repo rate again, very unexpected move
https://www.livemint.com/news/india/rbi-schedul...
Last time (may 2022) they did this we saw a 1.4% hike in 3 months
We can see above 6.5% repo rate before ending of 2022 now!! FD rates will follow!!
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https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793680
Buy tech stocks on NYSE, most stocks will tank to extreme low levels 😄
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793692
Original wrote:Buy tech stocks on NYSE, most stocks will tank to extreme low levels 😄
Naah.
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793702
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or just for the reason that OP wants low risk fixed income?
bikidas2060 wrote:Do you mean we should avoid tech stocks for normal investmentNaah.
or just for the reason that OP wants low risk fixed income?
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793713
Slightest of chance of getting pre approved hdfc millenia cc if someone opens a fd of one lakh plus in their bank if he is a non hdfc customer?
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793720
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Original wrote:No no. Tech stocks ld do well. It's just most stocks wont tank, at least not in near future. Stocks ll mostly consolidate for a while. Stock market might underperform for a while. Euphoria is not over yet.
Do you mean we should avoid tech stocks for normal investment
or just for the reason that OP wants low risk fixed income?
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793725
Kaleen wrote:Yes probably Better to keep it in savings acc, millennia cc will get pre approved in 2-3 months
Slightest of chance of getting pre approved hdfc millenia cc if someone opens a fd of one lakh plus in their bank if he is a non hdfc customer?
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793738
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BubbleBoyChickenLittle wrote:Bro already have two bank accounts sbi and icici, doesn't want to burden myself with one more account so opening account is not a option
Yes probably Better to keep it in savings acc, millennia cc will get pre approved in 2-3 months
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793773
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Kaleen wrote:You will have to open acc in most banks nowadays if you want to do a FD there. Keeping large amt in banks just to get cc isn't going to help unless also regularly doing txns of good amt/volume in the acc via debit card.
Bro already have two bank accounts sbi and icici, doesn't want to burden myself with one more account so opening account is not a option
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793794
Knight11 wrote:ICICI 5.8 😏Axis, SBI, HDFC all offering 6.1% for 1 year FD🤣.
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793821
i guess wait till it touches 8% and prefer stable banks for 5-6 y atleast no tension
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793842
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bikidas2060 wrote:Biki bhai pls elaborateNaah.
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793851
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bikidas2060 wrote:@dhinchakrohit
No no. Tech stocks ld do well. It's just most stocks wont tank, at least not in near future. Stocks ll mostly consolidate for a while. Stock market might underperform for a while. Euphoria is not over yet.
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793853
pranavcool wrote:Nowadays like pre covid times, short term (2-3 year) FDs are gaining more interest.i guess wait till it touches 8% and prefer stable banks for 5-6 y atleast no tension
Which means banks are not wanting to commit long term with their best rates.
eg.
Indusind had their best rates for 5 years FDs. Now they have for 2 years FD.
HDFC had their best for 5 yrs +, now 3-5 yrs has the best rates.
several other examples are there.
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793881
Home loan EMI fir mehngi 😡
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793936
get into Liquid overnight funds. its nearing 6.4% return now. soon to reach 8% with LTCG tax benefits.
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793959
neohelp wrote:True about return this month got 6.1% IRR now it'll be 6.5% after rate hike but about tax its comes under debt funds not equity so no 1lakh ltcg benefitget into Liquid overnight funds. its nearing 6.4% return now. soon to reach 8% with LTCG tax benefits.
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8793969
neohelp wrote:Can you explain Give some article/video to explain what this isget into Liquid overnight funds. its nearing 6.4% return now. soon to reach 8% with LTCG tax benefits.
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8794069
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8794276
I intend to reinvest some FD maturities around December. Should I wait till December last week or do it in the first week itself? What's the suggestion?
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8794289
Agnivo007 wrote:Hard to say banks increasing rates really slowly, even if u wait 2-3 wks getting more interest is totally ur luck/bank dependent, best would be wait 6-7months in short term fds/savings/debt funds and then invest when rates r higher finallyI intend to reinvest some FD maturities around December. Should I wait till December last week or do it in the first week itself? What's the suggestion?
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8794379
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8794765
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https://www.axismf.com/cms/sites/default/files/...
vcoolsanghai163 wrote:https://www.indmoney.com/articles/mutual-funds/...
Can you explain Give some article/video to explain what this is
https://www.axismf.com/cms/sites/default/files/...
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8794861
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Jarvis.-. wrote:Nice suggestion to invest in 6months FD and then book for the long haul when the RBI tone sounds different...
Hard to say banks increasing rates really slowly, even if u wait 2-3 wks getting more interest is totally ur luck/bank dependent, best would be wait 6-7months in short term fds/savings/debt funds and then invest when rates r higher finally
https://www.desidime.com/discussions/better-fd-rates-coming-hold-on?page=1#post_8809711
Today's RBI Monetary Policy Committee meeting was to discuss report to be submitted to Govt for not able to control inflation. Their regular bi-monthly meeting is scheduled from 5th to 7th Dec. (For change in repo rate) so no increase in repo rate today.
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Which means banks are not wanting to commit long term with their best rates.
eg.
Indusind had their best rates for 5 years FDs. Now they have for 2 years FD.
HDFC had their best for 5 yrs +, now 3-5 yrs has the best rates.
several other examples are there.
i guess wait till it touches 8% and prefer stable banks for 5-6 y atleast no tension
Naah.