suggest FD / Recurring Deposit
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Where we can get good rate of interest on FD OR RD nowadays ? suggest banks with tenure. if I want to invest for 3 months only then .
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https://www.desidime.com/discussions/suggest-fd-recurring-deposit?page=1#post_6590919
Suggest bank
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https://www.desidime.com/discussions/suggest-fd-recurring-deposit?page=1#post_6591042
Don’t ever do in co-operative Bank, they offer high rates
https://www.desidime.com/discussions/suggest-fd-recurring-deposit?page=1#post_6591108
Go for icici, hdfc, sbi and axis.
https://www.desidime.com/discussions/suggest-fd-recurring-deposit?page=1#post_6591228
For 3 months it doesn’t matter. Just put money in idfc first bank if total amount is below/just a bit more than 1 lakh & assuming it is not your major portion of savings. If it is a major portion of your savings &/or amount is much higher than 1 lakh then put it in savings acc of dbs digibank or kotak.
https://www.desidime.com/discussions/suggest-fd-recurring-deposit?page=1#post_6591240
can see overnight mutual fund also
https://www.desidime.com/discussions/suggest-fd-recurring-deposit?page=1#post_6593700
Interest on fd is added to your taxable income.
In case you are in upper tax bracket, your actual return will be around 31% less than fd rate.
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both are same, its on u. if you have bulk amount. do FD… if you want to save monthly basis, do RD