How to earn from a savings account?

POSTED BY rajat ON March 22, 2011 2:45 pm COMMENTS (3)

I want to know how can I earn more interest from my savings account? HDFC provides sweep in faciity for fixed deposits but I am not very clear about it, can someone explain it better.

Also, if i open a fixed deposit and close it prematurely, what is the interest rate that i will recieve?

3 replies on this article “How to earn from a savings account?”

  1. Vishnu Prasath says:

    The latest article from Manish should help

    https://www.jagoinvestor.com/2011/03/auto-sweep-bank-account.html

  2. Rajesh says:

    Hi Rajat
    I have tried to put this through a column in the Economic Times. I hope you find this useful in your quest for higher returns from your Savings money. But again, do keep in mind that mutual funds do not give you assured returns.

    http://economictimes.indiatimes.com/personal-finance/mutual-funds/analysis/want-to-beat-inflation-liquid-funds-can-give-you-the-edge/articleshow/7706560.cms

    Thank you and happy informed investing.

    Rajesh Krishnamoorthy
    MD
    http://www.fundsupermart.co.in

  3. Jagadees says:

    @Rajat
    You can refer this article to see how auto-sweep works with nice example : http://timir126.blogspot.com/2010/01/have-you-enabled-auto-sweep.html

    U can also look this post for details regarding fixed deposits : http://www.taxvista.in/blog/saving/15-facts-about-fixed-deposits/

    Regards
    Jagadees

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