Hotness query - where to keep 10L and get max profit ?

Hot Deal query - where to keep 10L and get max profit ?

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Pikachu
Deal Subedar
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The person don’t know or want any lending and getting interest kind of work with that money.

Have to keep in savings account and get much benefit…. I heard most banks give more % for 1 or 2 lakhs only after that amount they decrease %. So better to keep in all back accounts some 2Lakhs… ?

Fixed deposit too very less % – I guess, correct me.
(Keeping period minimum 6 months to 1 year)

Can’t do mutual funds, as may risk in loss….

51 Comments  |  
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Deal Cadet
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Only FD is safest option for short periods.

Missing
Deal Cadet
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FD interest rate 6.1 – 6.3%
Better do it from senior citizen account to get .5% more interest

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Deal Cadet
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laxmi chit fund

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Deal Lieutenant
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Chitti Chitti Bang Bang stuck_out_tongue

On topic – FD for short period – dont forget to fill up FORM 15 G / H

for others – post office MIS
RBI Bonds – they are giving 7.75/- but lock in for 7 years half yearly interest

1891109 240419549479726 1222535056 n
Deal Cadet
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keep 5 lakh in fd in jana small bank 8.25% per year
keep 5 lakh in utkarsh bank @ 8.20 per year

5 lakh is now secured with DICGC in all schedule banks

0adb54b33378ab05c450d11f8dd0c7be
Deal Subedar
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smart wrote:

keep 5 lakh in fd in jana small bank 8.25% per year
keep 5 lakh in utkarsh bank @ 8.20 per year

5 lakh is now secured with DICGC in all schedule banks

Proposed h bhai.

Download
Deal Lieutenant
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Keep 5 lakhs in Liquid fund (MF )and 5 lakh in FD in any Nationalized Bank. If no issues in Lockin period then go for PPF and SCSS

Kgf
Deal Subedar
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Many cooperative banks run from decades are giving higher interest for their FDs.
Go to a trusted one and deposit a couple of lakhs. Keep the rest in nationalized banks.

Cropped7119761251340997743
Deal Subedar
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Split into 2lacx5 and deposit into 5 small finance banks FD. In case of emergency break any one FD. So it will reduce penalty.

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Deal Cadet
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Why nationalised banks,they don’t offer anything extra(incl security,all scheduled commercial banks are covered under same RBI rules & guarantee) over major pvt sector banks like hdfc,icici & axis. At least hdfc will offer some top tier card if you keep a good amount of FD there.

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Deal Cadet
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guest_999 wrote:

Why nationalised banks,they don’t offer anything extra(incl security,all scheduled commercial banks are covered under same RBI rules & guarantee) over major pvt sector banks like hdfc,icici & axis. At least hdfc will offer some top tier card if you keep a good amount of FD there.

Different in my case….

Having 2L FD, ICICI give me pre-approved Rubyx cc with 2.15L limit…

But having 5L FD, HDFC give me moneyback card with 40k limit.

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Deal Cadet
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midfold wrote:

Different in my case….

Having 2L FD, ICICI give me pre-approved Rubyx cc with 2.15L limit…

But having 5L FD, HDFC give me moneyback card with 40k limit.

Limit doesn’t matter(unless it is too less like less than 30-40k),what matters is the reward structure. However in this case both these cards are waste,sbi simplyclick(for online tranx) or sbi simplysave(for offline tranx) are much better even with 30k limit. If you already have rubyx for 2-3 months then apply for icici amazon pay card.

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Deal Cadet
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IPL me RCB ke against daal, jeet jaayega.

Cropped6180125751458686699
Deal Subedar
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Quantum Liquid Funds – Only Govt Securities. No Private Shit. Return is around 6.50%. No exit load. No penalty. Indexation benefit if held for 3 years (you’ll save good amount of tax).

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Deal Cadet
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DO NOT TRY THIS AT HOME

Purchase norton antiviruses @ 800 multiple times and 60 din me paisa double
Source – faltu telegram channel

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Deal Cadet
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guest_999 wrote:

Limit doesn’t matter(unless it is too less like less than 30-40k),what matters is the reward structure. However in this case both these cards are waste,sbi simplyclick(for online tranx) or sbi simplysave(for offline tranx) are much better even with 30k limit. If you already have rubyx for 2-3 months then apply for icici amazon pay card.

2nd bill generated on 29 feb…… But when I try to apply, its showing me application form… Means i have to wait more months to apply apay card.

Already have simplyclick but limit is only 10k, card is 7 months old. And still no credit limit enhancement offer.

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Deal Cadet
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BubbleBoyChickenLittle wrote:

Quantum Liquid Funds – Only Govt Securities. No Private Shit. Return is around 6.50%. No exit load. No penalty. Indexation benefit if held for 3 years (you’ll save good amount of tax).

Why not keep 9 lakh in IDFC bank at 7% interest & DCB shubhlaabh acc 1 lakh 8.3% interest or just buy 4-5 lakhs worth hdfc bank/hdfc ltd/reliance shares?

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Deal Newbie
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Buying ril and hdfc share is best option.. you can also do sip for the same.. plus1

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Deal Cadet
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desiman wrote:

Chitti Chitti Bang Bang stuck_out_tongue

On topic – FD for short period – dont forget to fill up FORM 15 G / H

for others – post office MIS
RBI Bonds – they are giving 7.75/- but lock in for 7 years half yearly interest

Which RBI bonds? how to apply?

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Deal Cadet
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Idfc first bank, 7% from ₹1 if its more than 1 lakh.

Money matters
Deal Cadet
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1. Liquid/Debt fund for safe and better returns than FD
2. Equity fund for much better returns in longer term.

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Deal Cadet
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Chikky wrote:

1. Liquid fund for safe and better returns than FD
2. Equity fund for much better returns in longer term.

Top 5 liquid funds currently giving less than 7% return for 1 year & max 7% return for 3 years, it is no longer that attractive compared to 2-3 years ago when they used to give 8%+ return in 1 year. Better keep in savings acc which gives 6-7% interest than this.

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Deal Cadet
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midfold wrote:

2nd bill generated on 29 feb…… But when I try to apply, its showing me application form… Means i have to wait more months to apply apay card.

Already have simplyclick but limit is only 10k, card is 7 months old. And still no credit limit enhancement offer.

I think you have to wait for at least 4th bill to generate before you can apply for amazon pay card. Have you talked to sbi card customer care,if this card is not based on FD then you can tell them about your other cards for reference to request for limit increase. I got sbi simplyclick card based on FD (70% of FD is card limit for this type) but you have to go to sbi branch & also this card cannot be converted in future to non-FD type without getting another sbi card based on non-FD & then request for conversion to simplyclick card while closing FD based simplyclick card so a bit of hassle.

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Deal Cadet
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guest_999 wrote:

I think you have to wait for at least 4th bill to generate before you can apply for amazon pay card. Have you talked to sbi card customer care,if this card is not based on FD then you can tell them about your other cards for reference to request for limit increase. I got sbi simplyclick card based on FD (70% of FD is card limit for this type) but you have to go to sbi branch & also this card cannot be converted in future to non-FD type without getting another sbi card based on non-FD & then request for conversion to simplyclick card while closing FD based simplyclick card so a bit of hassle.

I don’t have FD based SBI card….. It was given without any income proof.

I only provided my SBI account transaction statement. Now I have SBI simplyclick, ICICI Rubyx, HDFC moneyback, Axis myzone…. SBI have lowest limit

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Deal Cadet
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485
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midfold wrote:

I don’t have FD based SBI card….. It was given without any income proof.

I only provided my SBI account transaction statement. Now I have SBI simplyclick, ICICI Rubyx, HDFC moneyback, Axis myzone…. SBI have lowest limit

I also applied for simplyclick card without income proof & having a good balance in sbi acc but still rejected as no cibil score. Give your income proof(ITR showing 3 lakh+ income should be enough) & your limit will most likely be increased else give the reference of your other cards limits. From axis,only card worth having is axis flipkart card btw. For hdfc try to convert to millennia card.

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