10 % on FDs

Raising interest rates are a pain for new loan seekers and those who are paying home loans ( variable interest schemes). But for those who are thriving on interest income, interest rate increase is a good news.
10% interest is offered by many banks on specified time periods.( 0.5% extra for senior citizens). Although the interest rate is lesser than the inflation rates, it atleast bridges the gap between inflation and returns.
With a very volatile stock market and immediate future of economy not auguring so positive, FDs would definitely come back into the portfolio of the middle class investors.
( TDS would be made if your interest earned per branch, per bank, per financial year exceeds Rs10,000 per annum. Appropriate forms need to be submitted at your branch to avoid TDS, if your overall income is below the taxable limit )

Affiliate of Easycrafts, Simple Indian Food, Inspirations for life, Easy indian food, Earn a Crore, Time Pass

2 comments:

Subramanian said...

10-10.5% interest on 2 year deposit is worth investing in these volatile market situations.

Subbu.
http://investorskool.blogspot.com/

Anonymous said...

Your blog design is very good :)

Google
Web ideasmoney.blogspot.com

Simple Indian Food - Feel @home ( Best veg food blog )

" A Ship is safe when it is in Harbour, but the ship was not built for that"

Disclaimer

These are just opinions/ ideas exchanged. No one can claim us responsible for any investment failures /losses based on the ideas expressed here.

Feel free to mail your queries/ comments to ideas.money@gmail.com