https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9179529
Depends upon when you need it back
Is investing in bank FDs a good idea?
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I saw that AU bank is offering 8% FD interest rate on 36 months FD. Do you guys think it's a nice investment?
What are some other ways you would invest money, for eg an amount of 3 Lakh?
What are some other ways you would invest money, for eg an amount of 3 Lakh?
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https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9179542
FD is safe , more gain / more risk / more chances of loss .
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9179659
f&o me laga do same day paisa double 
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9179755
I keep most of my emergency fund in Bank FDs. It has its own merits and demerits. With FDs you barely beat inflation but you sleep peacefully.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9179912
Inflation, so buy gold or land. FD is useless, until you want constant income source at very low profit.
Also Tax for annual interest more than 40k depending on TAX slab either 10% or 30%.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9179969
KPK740 wrote:Even if interest is not more than 40k and TDS is not deducted by bank. you still have to pay the taxInflation, so buy gold or land. FD is useless, until you want constant income source at very low profit.
Also Tax for annual interest more than 40k depending on TAX slab either 10% or 30%.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180009
KPK740 wrote:Did you KnowInflation, so buy gold or land. FD is useless, until you want constant income source at very low profit.
Also Tax for annual interest more than 40k depending on TAX slab either 10% or 30%.
Gold delivered Zero in last 12 years , from 2011 to 2023 .
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180012
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maddydilip wrote:Gold price almost doubled in last 4-5 years
Did you Know
Gold delivered Zero in last 12 years , from 2011 to 2023 .
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180035
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180043
Think of all your assets (incl cash) as a portfolio. You must diversify your allocation/investments from safety & returns perspective.
Putting all money in FD - safe but low returns
Putting all money in other assets - risky but higher returns
So, use a mix of the assets you want to (& can) invest in.
FD - safe, fixed income no matter what happens to the market.
Gold - historically have been good, but no assurance of returns in future, however since demand & consumption is still increasing, decent returns are expected.
Real estate (residential) - historically have been good, but future seems to be slightly weak. For e.g. the kind of returns people made from 2000 to 2010 (10Y) or 2000 to 2020 (20Y), it is unlikely to get same returns in the next 10Y or 20Y period from now - millenials dont buy houses, so accelerated demand is getting weaker.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180049
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I think desidime users are from India only. In 2011 gold price 26,400rs, now gold price 55k.
If you keep FD, every year goods and services prices are increasing but rupee value decreasing.
Also one can get loan at cheap rates by keeping gold in bank.
I said about buying gold clearly not investing in gold.
maddydilip wrote:Stop spreading wrong information.
Did you Know
Gold delivered Zero in last 12 years , from 2011 to 2023 .
I think desidime users are from India only. In 2011 gold price 26,400rs, now gold price 55k.
If you keep FD, every year goods and services prices are increasing but rupee value decreasing.
Also one can get loan at cheap rates by keeping gold in bank.
I said about buying gold clearly not investing in gold.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180050
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maddydilip wrote:
Did you Know
Gold delivered Zero in last 12 years , from 2011 to 2023 .
I am not sure how you get this data.. as far as i remember gold was around 25k-30k in 2011-12 
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180052
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maddydilip wrote:
Did you Know
Gold delivered Zero in last 12 years , from 2011 to 2023 .
.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180068
36 Months Locking Is Not A Good Idea I Think Because Fd Rates May Increase/Decrease Next Year...
If Increased U May Cry 
, If Decreased U May Laugh
I Am Crying Because Last Year Took A Secured Card With 3 Years Locking Period... This Year Fd Prices Increased... My Heart Told 1 Year Lock , But I Did Not Listened
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180077
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This is not gold price data!
maddydilip wrote:This is CFD gold data - a derivative product.
Did you Know
Gold delivered Zero in last 12 years , from 2011 to 2023 .
This is not gold price data!
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180166
UnderNation wrote:Calculate the differential including the penal rate for breaking FD.36 Months Locking Is Not A Good Idea I Think Because Fd Rates May Increase/Decrease Next Year...
If Increased U May Cry, If Decreased U May Laugh
I Am Crying
If its significant enough, you can create new one, move the lien to new FD & break the old FD then.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180173
I would suggest buy gold. Then give it to a big jwellers for 5% dividend per year.
This way you can earn 10% discount+ 5% dividend + 8% gold appreciation in first year.
Second year onwards you can earn 13%
No tax as you are dealing in cash .
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180179
rajatindia wrote:I would suggest buy gold. Then give it to a big jwellers for 5% dividend per year.
This way you can earn 10% discount+ 5% dividend + 8% gold appreciation in first year.
Second year onwards you can earn 13%
No tax as you are dealing in cash .
Which jewellers offers this dividends kind of stuff?
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180181
rajatindia wrote:But how do you ensure the structure will be honored by the jeweller? They wont sign any contract, right?I would suggest buy gold. Then give it to a big jwellers for 5% dividend per year.
This way you can earn 10% discount+ 5% dividend + 8% gold appreciation in first year.
Second year onwards you can earn 13%
No tax as you are dealing in cash .
And by big jewellers, you mean which ones?
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180190
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rn09 wrote:
But how do you ensure the structure will be honored by the jeweller? They wont sign any contract, right?
And by big jewellers, you mean which ones?
In Mumbai there are big and reputed jwellers who does this.. till now they honoured.
If you are not sure then try gold monetization scheme. There is zero percent tax in the same.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180195
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rajatindia wrote:Usually 5% dividends per year?In Mumbai there are big and reputed jwellers who does this.. till now they honoured.
If you are not sure then try gold monetization scheme. There is zero percent tax in the same.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180197
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rajatindia wrote:can you share some names of these jewellers?In Mumbai there are big and reputed jwellers who does this.. till now they honoured.
If you are not sure then try gold monetization scheme. There is zero percent tax in the same.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9180200
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rajatindia wrote:IMHO, gold monetization is useless due to very low ratesIn Mumbai there are big and reputed jwellers who does this.. till now they honoured.
If you are not sure then try gold monetization scheme. There is zero percent tax in the same.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9181201
invest in gold in dollars will beat fd any day
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9181316
UnderNation wrote:36 Months Locking Is Not A Good Idea I Think Because Fd Rates May Increase/Decrease Next Year...
If Increased U May Cry
I Am Crying
Bro 1 year lock was enough, it will automatically renew if card is not closed.
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9181475
Invest in gold means to buy physical gold or digital. ?
https://www.desidime.com/discussions/is-investing-in-bank-fds-a-good-idea?page=1#post_9181834
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rajatindia wrote:In Mumbai there are big and reputed jwellers who does this.. till now they honoured.
If you are not sure then try gold monetization scheme. There is zero percent tax in the same.
Don't trust these so called big jewellers, your gold is not safe. And since you are dealing in cash it's totally unsafe
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Inflation, so buy gold or land. FD is useless, until you want constant income source at very low profit.
Also Tax for annual interest more than 40k depending on TAX slab either 10% or 30%.
I keep most of my emergency fund in Bank FDs. It has its own merits and demerits. With FDs you barely beat inflation but you sleep peacefully.