I am interested to invest some amount at one time. Which source will be better for getting high return after 3 years such as SBI(FD), Post office (NSC) other any other for getting tax rebate as well
hi i'm illyas if i borrow 3 lacs rs at the interst rate @ 8% wat is the option how much can i earn plz write some tips to invest this money the term will be 4 years so i wanna know is it worth takng this loan im a salaried person do reply
I have invested Rs.300000 (three lacs) in post office mis ®ularly getRs.2000 as an interest. It is now three years old. i would like to know will i get bouns of 10%after completing six years or not? if i withhdraw my money now how much they will deduct?
I invested in F.D. post office for two years in Feb. 2005.Now on the maturity I received interest compounded only for one year rest of interest i.e. second year is same not compounded. Agent told that interest calculate only one year compound not for second. Is it true and what was the interest rate on that time. please help me.thanks
From 10% Intersert+10% Bonus(at maturity time) it was made 9%+10% Bonus(at maturity time) till 2002.
After 2002 Fin.Year this was reduced to 8% + Nil Bonus%( at Maturity time)
Quite a number of letters to Editorial to newspapers have been represented to continue the 10% BONUs(at maturity time) to the Government.All had gone to deaf years!!.
If the Govt.Of India revives this 10% Bonus it would be nice or They can bring some 1 Yr,2 Yr,3 Yr schemes with some Bonus is also welcoming one.
Today the VRS(voluntry retirement scheme)is there in many companies/banks.The Govt.of India can do something for VRS people and they can be also be graded under the Sr.Citizen society. Special age consideration (the age for VRS is above 40Yrs) term them as VRS Citizens.( give them an Identity Card)
Unless such Innovative schemes comes, in the present scenario, with the rate of interest in Banks for FD is just ( 5% and 6% for 1Yr)
Not Charming
For Low income group unless a min of 10% Interset in FD's and Bonus in POMIS is not there is no charm to discuss on these
Realy i like these kind of things. its so essential to know how to improve our future life.keep on adding these kind of information.now i have become regular reader of rediffmail. thanks a lot.
RE:find interesting
by Rajesh on Sep 29, 2006 04:20 PM
The Indian MF market is equally promising. You can venture in there. But if you want to safely keep your savings, you can look for NRE FD. Citi bank provides good rates on such deposits. The current rate on USD FCNR deposit was at 5.4% when I checked. Please reconfirm rates fo yourself.
RE:need nri investment
by Vinay on Aug 28, 2006 11:09 AM
Harris, this would need another round of interviews with bankers and more research. In fact this in itself would form the subject for another article. Watch this space.... This does mean that I dont know the answer as of now.
RE:need nri investment
by Anushka on Sep 15, 2006 03:31 PM
The Indian stock market is booming and is a good place to invest currently. You could also invest in Mutual funds. Stock investment is another good option for which you need a demat account in India. You can open a demat account with Citibank; they have good NRI service in Gulf.
RE:Reg : Return Amount
by Vinay Joshi on Aug 28, 2006 11:06 AM
Yes you can. In fact as you observe, the banks themselves have kept as many slabs as possible. For withdrawing cash in between the slabs, you get the interest as is applicable.
