best and easy Fixed deposit ?

233°
Deal Subedar
vickyVicky

hi please suggest best and easy Fixed deposit in any bank… with good interest rate & and no charges on redemption. for hardly one month.

1) Paytm payments bank. no charges on redemption, after 7 days. interest is 4% around… for around 1 month. depositing into paytm bank account,above 1 lakh will move to fixed deposit.
I did saved 30k into it, while taking back, got around 50 RS. for 15 days. no charges on redemption.

p.s. I think keeping just in banks like DBS or others where interests are quarterly or annually over the amount kept in it for so much period. this (Paytm FD) is easy right… can see money at soon, if I take it….

any other fixed deposit, free and easy to use like this…

26 Comments  |  
14 Dimers
  • Sort By
Deal Subedar Deal Subedar
Link Copied

That bank seems to be non popular and not trustworthy to me.

Simple interest if below 6 months.
PNR/100.
My case 30000*15 days*4 percent /
100* 30 days of month* 12 months a year.
= 50rs.

DBS giving 4.25 percent. Above 15 days. And above 30 days, 4.5% only.

But Paytm giving 4 above 15 days, and above 30 days 5.5 %. This best. Also no charges on redemption.

So instead of keeping in savings account, keeping in FD, can see money.

Coz in savings account we need to keep that balance amount the entire period, only then it credits….. If we used in between won’t get interest.
Am I right… ? Or wrong

View 16 more replies
Deal Subedar Deal Subedar
Link Copied

@abhishek012 @marketdimer
Humble request for your views…

Analyst Analyst
Link Copied

If you have mutual fund account, put your money in any liquid or ultra short term fund. For 1 month why take such pains. Doesn’t worth time.

Talk-Of-The-Town Talk-Of-The-Town
Link Copied

Go for liquid mutual fund instead of FD.

Deal Lieutenant Deal Lieutenant
Link Copied

Go with Mutual Funds ! Liquid Mutual Fund or Ultra short term fund can serve ur need if u are looking for short term duration.

Note – It’s better than FD as u can withdraw anytime and ROI is slightly higher

Invest always in Direct plans. Pm me if u want to know how to invest

Deal Cadet Deal Cadet
Link Copied

Good returns are not guaranteed in MF as well.. I tried that option last year ultra short term fund, didn’t get expected return. It’s not worth investing your time/efforts. If your goal is for short term only, better go with FD linked with your saving account, so you would have access to your money instantly (although gains would be taxable).

replyuser
Click here to reply
Reply