please help?suggest me what to do.

[nikhilarya25]

hi everyone,
Im a b tech final year student. Few days back i opened my account in sbi noida branch. They had a new rule which was that it was mandatory/ compulsory to open an fd account of rs 20000 plus 5000 for saving account. So i deposited 25000 and opened my account. I get 9.25% rate for fd which is for 555 days ie mere profit of 2900 in 1and half year.
Since you guys are experts i wanted to know that will it be beneficial to break my fd and invest in mutual funds or anywhere else. I personally do not like to keep my money in fd i want to invest in something which has better returns. But due to lack of understanding of investing i dont know what to do.
Please suggest me how can i get maximum returns for 20000(i can investmore if its beneficial ) .
Im not just interested in mutual funds, if someone has better suggestion please advise. Btw Im ready to take small risks in funds if anyone is interested to know

 

[nikhilarya25]

wow 52 views and no replies
Is there something wrong with this post?

 

[nayachora]

haha...public idhar jhaankne ko aati hai nikhil mutual fund is a good option..but yes you need to invest for longer term ...may be for 3 year..you can look at equity funds like HDFC Equity or top 200 fund. read reviews on valueresearch, moneycontrol etc and then invest. All d best

 

[PGDIMES]

hi everyone,
Im a b tech final year student. Few days back i opened my account in sbi noida branch. They had a new rule which was that it was mandatory/ compulsory to open an fd account of rs 20000 plus 5000 for saving account. So i deposited 25000 and opened my account. I get 9.25% rate for fd which is for 555 days ie mere profit of 2900 in 1and half year.
Since you guys are experts i wanted to know that will it be beneficial to break my fd and invest in mutual funds or anywhere else. I personally do not like to keep my money in fd i want to invest in something which has better returns. But due to lack of understanding of investing i dont know what to do.
Please suggest me how can i get maximum returns for 20000(i can investmore if its beneficial ) .
Im not just interested in mutual funds, if someone has better suggestion please advise. Btw Im ready to take small risks in funds if anyone is interested to know

Kya baat hai Nikhil!!! It's hard to believe the raw deal you got from SBI... None of the banks can pressurise you to keep FD for opening an account... But the minimum balance requirement rule is there which is not 5000 bucks for SBI... :annoyed: I would like to see the proof of the highlighted lines to believe what you have said... Moreover mutual fund and fd are separate investment avenues with different risk profiles...

 

[nikhilarya25]

@pgdimes
Why dont you call yourself and check it out .just ask them that you need to open new account. The minimum balance required to open new account is 5000 plus you cant open account their if you not open fd.
phone: (0120) 2443167 , (0120) 23361631
Address: C-32, Sector 26 , Noida- 201306 , Uttar Pradesh
Landmark: Near Jalvayu Vihar Chow

 

[MurAtt]

Why don't u cross check with some other branch of SBI and if you have been given a raw deal, complain to the Consumer Forum .. get a relieve from them and free your money (i.e. if you are not interested in the FD) ...

 

[IAtma]

Kyaa SM bhai, kyun bachche ko lambaa rastaa per daalte ho..........

 

[IAtma]

Nikhil, there is no such rule or guidelines issued by RBI that to open a a/c, u have to make a FD.........

those ediots are making fool to public, u can ask them to show the guideline issued by RBI......they can not force for FD.

However, u can use 2nd option too, as u can take 80% loan against ur FD. Bank will charge 2% extra interest compare to the interest they are giving at FD.

 

[MurAtt]

aatma aajkal idhar fadak rahi hai

 

[shubhamchugh]

hi everyone,
Im a b tech final year student. Few days back i opened my account in sbi noida branch. They had a new rule which was that it was mandatory/ compulsory to open an fd account of rs 20000 plus 5000 for saving account. So i deposited 25000 and opened my account. I get 9.25% rate for fd which is for 555 days ie mere profit of 2900 in 1and half year.
Since you guys are experts i wanted to know that will it be beneficial to break my fd and invest in mutual funds or anywhere else. I personally do not like to keep my money in fd i want to invest in something which has better returns. But due to lack of understanding of investing i dont know what to do.
Please suggest me how can i get maximum returns for 20000(i can investmore if its beneficial ) .
Im not just interested in mutual funds, if someone has better suggestion please advise. Btw Im ready to take small risks in funds if anyone is interested to know

My father is an employee in sbi .And according to his view fd is better than mutual funds coz fd has no risk.Daddy told me today,yesterday a man came to him (who invested 1000000 in mutual fund last year) to enquire abt. how much return has he got in 1 year.Actually,he got loss of 30000,that's why my daddy adjourn him by saying there is server problem going on,better come after few days.