Different To Fastened Deposits

Different To Fastened Deposits
Alternative To Fixed Deposits

Want to save lots of up for an iPhone? 📱

Or a trip to Paris in 1 yr. 🇫🇷

For objectives which can be lower than 1 yr away & you realize precisely if you could be needing the cash, FDs are the popular selection.

If you do not know if you want the cash and also you’re somebody who likes to buy stuff on a whim then Liquid Funds are one of the best suited.

BUT, FDs of nationalised and personal banks are usually not giving sufficient returns right now. Most of those banks are giving 5.5% to younger individuals and possibly 6% for senior residents.

What is the various?

✨T- Payments✨

These are like loans given to the federal government.

Now the federal government is assumed to by no means default on their loans as a result of they’ll simply print extra money.

Additionally, the federal government is giving 6.2% curiosity for 1 yr T Payments which is greater than most FD.

T-Payments are additionally tax-friendly since there isn’t any TDS deducted in contrast to FDs

make investments?

RBI has not too long ago launched the RBI Retail Direct web site for investing in authorities securities.

If you need one thing user-friendly then Zerodha additionally gives it (not a promo). I personally use the platform so I am mentioning it.

👉🏻 Please inform me in case you have invested in T-Payments and the way did you do it?
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#financewithsharan #savemoney #moneytalks #moneymanagement #moneytips #investingtips #investing

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Finance With Sharan

37 thoughts on “Different To Fastened Deposits

  1. U guys earning 6% per year lol. People here making 10% per day easy. Stop working for company and learn how to dig money u will become something new

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