Safest way to invest ₹2L

which fd is 8.75?

noobDealer wrote:

which fd is 8.75?

Pnb 666 days

Without any further info like tenure, withdrawal condition, etc. keep that in PPF (1.5L/yr) if you have one (totally tax free if that's your concern)...

if your taxable income is 5L and below then you can submit form15 g/h to stop tds deduction and if you are earning 5L and above and not having any deductions like standard deduction/80c etc you are anyways liable to pay tax so "but tds will deduct also" point is anyways bound to happen.. 8.75% for around 22-23 months FD i.e. below 2yrs is a good "safe" and "zero risk" deal unless Nirav Modi or similar person scams PNB again 😄

In my bank account

Annuity payments, nps and if you need ekdum safe option then go with fd only..

MrKool_JJ wrote:

In my bank account

Annuity payments, nps and if you need ekdum safe option then go with fd only..

lenden club

monu.tanwar123262 wrote:
lenden club

He mentioned safest.

dhinchakrohit wrote:
He mentioned safest.

safe he btaya h

monu.tanwar123262 wrote:
safe he btaya h

If you don't know then don't recommend.

dhinchakrohit wrote:
If you don't know then don't recommend.

same here

monu.tanwar123262 wrote:
same here

@admin @Mayavi

kipte.khoka wrote:

Pnb 666 days

Is 8.75% for senior citizens?

Agnivo007 wrote:

Without any further info like tenure, withdrawal condition, etc. keep that in PPF (1.5L/yr) if you have one (totally tax free if that's your concern)...

PPF Done.

Don't need the money in near future

1cooldesidd wrote:

Is 8.75% for senior citizens?

He is a bank employee of PNB, probably he is getting 1% extra 

What are the safest ways to invest 2L?
Getting FD rates of upto 8.25%,but tds will deduct also.

@kipte.khoka  

You can gift this money to someone who is not earning like your wife/parents/cousin/trustworthy friend/trustworthy relative/trustworthy neighbour and ask them to open FD on your behalf. they dont need to pay any tax till 5 lakh interest income so zero TDS fill the 15G/H form as applicable. Later when you need you can claim back the money + interest so effectively you enjoy 8.25% interest without TDS. You may offer some rewards to your fellow cousins too. its better than to put your money in some no guarntee schemes which have p2p lending or unsafe investsments

Ramushamu23 wrote:

He is a bank employee of PNB, probably he is getting 1% extra 

bank employee dependents are also eligible for 1% extra

Safest way is to lend 2l to kartikxxx .
Not only u will earn interest, u also get goodwill, some karma and a new person for whom u can always pray.

Jigglypuff wrote:

What are the safest ways to invest 2L?
Getting FD rates of upto 8.25%,but tds will deduct also.

@kipte.khoka  

You can gift this money to someone who is not earning like your wife/parents/cousin/trustworthy friend/trustworthy relative/trustworthy neighbour and ask them to open FD on your behalf. they dont need to pay any tax till 5 lakh interest income so zero TDS fill the 15G/H form as applicable. Later when you need you can claim back the money + interest so effectively you enjoy 8.25% interest without TDS. You may offer some rewards to your fellow cousins too. its better than to put your money in some no guarntee schemes which have p2p lending or unsafe investsments

Don't do this by giving money to wife because that comes under income clubbing provision so any interest wife earns on such money given by husband is counted as income of husband only.

guest_999 wrote:
Don't do this by giving money to wife because that comes under income clubbing provision so any interest wife earns on such money given by husband is counted as income of husband only.

ok then dont give money to wife give it to a trustworthy person?

There is no clubbing between brother and sister if brother gives some money to sister.. Yes, it will be clubbed if the money is received from wife but not in case money is received from brother/sister.

Invest 50% in NPS- 20k each month for 5 months

50% in any fd you like- 1 lakh in one go

or wait till budget, may be there is some changes in ltcg and taxation

Dastro wrote:

Invest 50% in NPS- 20k each month for 5 months

50% in any fd you like- 1 lakh in one go

or wait till budget, may be there is some changes in ltcg and taxation

Could you elaborate on the first two steps?

You can use banking options like FDs and savings accounts if only safety is concerned but if you want to invest for comparatively higher returns at nearly the same risk you can always prefer using P2P platforms like Mobikwik Xtra and earn returns as high as 12% p.a