Alternatives to Fixed Deposit

#1
Hello Friends,

FD gives low interest rates. Is there anything else (not mutual funds) that is as safe as FD but with higher returns?

Thanks so much.
 
#2
Hello Friends,

FD gives low interest rates. Is there anything else (not mutual funds) that is as safe as FD but with higher returns?

Thanks so much.
many times query comes .. and answered i think .. let write again .
go for MIS monthly income scheme in post office which gives around 8% and put that monthly income in RD is same post office and both combined u will get 10 to10.50% and no tax too and safe .. max 4.5 lakhs per head and lock in 4 or 5 years ..
 
#3
many times query comes .. and answered i think .. let write again .
go for MIS monthly income scheme in post office which gives around 8% and put that monthly income in RD is same post office and both combined u will get 10 to10.50% and no tax too and safe .. max 4.5 lakhs per head and lock in 4 or 5 years ..
@moneymanager I understood half. Currently it offers only 7.6% So lets say for example I invested 1 lakh which comes to 7600 Rs interest per annum. So monthly it comes around Rs 633. Now I didnt get your 2nd half of the suggestion you said (and put that monthly income in RD is same post office and both combined u will get 10 to10.50% and no tax too and safe ) means what exactly?
 
#4
@platosaurus check this:

As on December 2019, some of the investment products that will provide you 8-9% p.a. returns or somewhat close to that include:

1) Public Provident Fund (PPF): The interest rate is 7.9% p.a. with a tenure of 15 years: https://www.paisabazaar.com/saving-schemes/ppf/

2) National Savings Certificate (NSC): The interest rate is 7.9% p.a. with a tenure of 5 years: (https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx) Once link opens check National Savings Certificates (NSC) option

3) 5 year Post Office Time Deposit: The interest rate is 7.7% p.a. (https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx) Once link opens check National Savings Time Deposit Account option

4) Senior Citizen Saving Scheme (SCSS): The interest rate is 8.6% p.a. with a tenure of 5 years. The interest is paid quarterly.(https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx) Once link opens check Senior Citizen Savings Scheme (SCSS) option

5) 5 Year Monthly Income Account: The interest rate is 7.6% p.a. with a tenure of 5 years. The interest is paid monthly. This is popularly known as Post Office Monthly Income Scheme (POMIS) (https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx) Once link opens check Post Office Monthly Income Scheme Account (MIS) option

6) Kisan Vikas Patra (KVP): The interest rate is 7.6% p.a. with a maturity of 113 months (https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx) Once link opens check Kisan Vikas Patra (KVP ) option

7) Sukanya Samriddhi Account Scheme (SSA): The interest rate is 8.4% p.a. (https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx) Once link opens check Sukanya Samriddhi Accounts option
 
#5
@moneymanager I understood half. Currently it offers only 7.6% So lets say for example I invested 1 lakh which comes to 7600 Rs interest per annum. So monthly it comes around Rs 633. Now I didnt get your 2nd half of the suggestion you said (and put that monthly income in RD is same post office and both combined u will get 10 to10.50% and no tax too and safe ) means what exactly?
open one recurring deposit account in that post office and put this 633 monthly in that. we no need to do physically. it all automatic. . since it is only 7.6% now then 10% bit difficult. need to calculate.
 
#6
open one recurring deposit account in that post office and put this 633 monthly in that. we no need to do physically. it all automatic. . since it is only 7.6% now then 10% bit difficult. need to calculate.
Oh okay I got your point now. Thanks a lot bro. Also apart from this are there any other good schemes which offer similiar or more then this?
 
#9
For how long that rate of 8.5% are still going on with them or something like that ? I do not really see from how it's going later with everything you make it here. There are fixed deposits in some countries which can make you even 18.5% minus taxes for sure.
 

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