Still investing in Fixed Deposit and getting mediocre returns of 6%?
Six different investment opportunities that can increase your returns in this thread ๐งต:
Six different investment opportunities that can increase your returns in this thread ๐งต:
1/ Sweep-in Facility:
You can create Fixed Deposit in your Bank and use the FD Funds whenever balance in your bank account is low.
With this, you would be earning FD Interest rates which is higher than the Saving Bank Interest rates.
You can create Fixed Deposit in your Bank and use the FD Funds whenever balance in your bank account is low.
With this, you would be earning FD Interest rates which is higher than the Saving Bank Interest rates.
2/ Fixed Deposit for Higher Duration:
You can plan out your investment and park money in High Duration Fixed Deposit. Interest Rate of Higher Duration FD will be more.
You can plan out your investment and park money in High Duration Fixed Deposit. Interest Rate of Higher Duration FD will be more.
3/ National Savings Certificate (NSC):
If you are planning a higher duration Fixed Deposit and if you don't need that fund for emergency, then you can park that money in NSC.
The interest rate in NSC is 6.8% which is compounded annually.
Lock-in period for NSC is 5 years.
If you are planning a higher duration Fixed Deposit and if you don't need that fund for emergency, then you can park that money in NSC.
The interest rate in NSC is 6.8% which is compounded annually.
Lock-in period for NSC is 5 years.
4/ Kisan Vikas Patra (KVP):
Just like NSC, KVP works, but it has a higher lock-in period of 10 years.
The interest rate in KVP is 6.9% which is compounded annually.
Just like NSC, KVP works, but it has a higher lock-in period of 10 years.
The interest rate in KVP is 6.9% which is compounded annually.
5/ Provident Fund (PF):
If you are a working employee, then you can increase your PF amount that will get deducted annually.
Some company has Voluntary Provident Funds which you can use.
Interest Rate in PF is 8.1%.
Lock-in period is 5 years.
If you are a working employee, then you can increase your PF amount that will get deducted annually.
Some company has Voluntary Provident Funds which you can use.
Interest Rate in PF is 8.1%.
Lock-in period is 5 years.
6/ India Government Bond:
These bond is issued by the central government and is the safest asset class among all.
Current Yield of this bond is 7.4% which is higher than FD Interest Rate.
It has a lock-in period of 3 years.
These bond is issued by the central government and is the safest asset class among all.
Current Yield of this bond is 7.4% which is higher than FD Interest Rate.
It has a lock-in period of 3 years.
Just like the Central Government, there are various bonds that are issued by the State Government.
Some of them also give higher interest rate or yield compared to Fixed Deposit.
Some of them also give higher interest rate or yield compared to Fixed Deposit.
I have covered all the asset classes using which you can generate higher safe returns on deposit.
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If you found this useful, please RT the first tweet.
Also, for live trading and stock market related updates, you can join our Telegram Channel โคต๏ธ
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