https://www.desidime.com/comments/permalink/9993865
5 in rbl and 5 in bandhan
these banks have great fd rates and offers no bs service. no need for a debit card, just maintain 5.5k in their savings, no extra charges
Which banks giving highest rates of fixed deposits
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Which banks is giving highest rate of Fd..
Suppose i hav to fd 10lac.. then should i invest 5-5 lac into 2 banks or 10lac only in 1 banks..
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https://www.desidime.com/comments/permalink/9993885
I m never done fd in any banks... tell me if banks will cut tds or anytype of tax after my timeline complted...
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https://www.desidime.com/comments/permalink/9993944
How old are you?
You are not employed. Right?
What is the source of this 10L?
Answer depends on these questions.
You are not employed. Right?
What is the source of this 10L?
Answer depends on these questions.
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https://www.desidime.com/comments/permalink/9993971
If you are under 35-36 with no major liabilities and responsibilities except parents, spouse and kids
and
unless your networth is already 10-20 million plus, it makes little to no sense aiming to put a million bucks in such an unproductive asset as this.
If one still want to put most of their funds in such an underperforming investment class, then there is not any excessive risk even if one puts it all in a single bank, so long as the bank is reasonably clean and too big to be allowed to go bust.
Besides IDFC, some cooperative banks too match the top rates, especially if depositor age is 65 plus.
and
unless your networth is already 10-20 million plus, it makes little to no sense aiming to put a million bucks in such an unproductive asset as this.
If one still want to put most of their funds in such an underperforming investment class, then there is not any excessive risk even if one puts it all in a single bank, so long as the bank is reasonably clean and too big to be allowed to go bust.
Besides IDFC, some cooperative banks too match the top rates, especially if depositor age is 65 plus.
https://www.desidime.com/comments/permalink/10000628
real million wale ke paas log hote h ye sb krne ke liya
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https://www.desidime.com/comments/permalink/9993989
You get best FD rate in Small Finance Banks but since you don't have an income I wouldn't recommend you park your money with them. They can go bust and RBI only guarantees the money in 90 days.
I recommend you park your money in too big to fail banks like HDFC, SBI, ICICI etc.
https://www.desidime.com/comments/permalink/9994211
Income tax ka lafda to nh hoga na...i have already 3-4 bank acc..
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non emplyoed
father
If it's a bank transfer you don't need to worry about the IT dept.
Gifts from parents to children and vice versa are tax free.
You are doing this for tax relief for your father, I presume. It's a good plan.
Split the money into 2 or 3, deposit in different banks and then make an fd.
If the interest from fd in a year crosses certain mark(40k), They will start deducting tds @ 10%.
You can avoid this by submitting form 15G with your bank at the start of the financial year, Since you don't have any other income.
For example, let's say you deposit 10L in a bank @ 7.5% interest rate,
You will get 75k as interest in a year.
Since it had crossed the 40k mark, the bank will deduct 7.5k and deposit as tds in your name with IT dept. If you dont submit 15G form with your bank.
Even if they deduct tds, you can claim it back by filing ITR for that year.
So dont worry, tell your dad to transfer the money to your account, just open accounts in banks with high fd rates.
Make fd and enjoy the interest(with your father responsibly).