Fixed Deposit and Recurring Deposit post office was really good earlier. At a glance when I checked from the year 1982 it was almost 11% per annum. It started decreasing year after year. Now the interest rate is reduced to 7.5 % and also certain period of years its 8% only. What do you think ? whether this is because of Government or Companies are into loss.
Now other banks are giving out 7.5% interest for saving account. If we compare this to Fixed deposit its better to keep this money in Saving account and get some interest out of it. The only problem is if we don't keep, saving account will be zero. Since we don't even maintain balance also. The reason behind we have spending hands, it better to keep this in SIP and other mutual funds which really gives good amount of returns.
Just check the schemes in Post Office Saving schemes in their website you will get all the details. As per my opinion we have to keep fixed deposit for some amount it will be safe. Some amount should be invested in SIP and other trading accounts to get more benefits in lesser time.
Cautions : Mutual fund and trading will be risky depends on market. Most of the youngsters are becoming trading experts to make money in shorter period of time. This is not good idea.
0 comments:
Post a Comment