POSTED BY February 27, 2014 2:14 pm COMMENTS (9)ON
I have a annual package of 3.84 Lac per year. I have some FD\’s in banks where I got more than 10,000 Rs interest which is taxable. Now I want to invest additional around 3 lac in FD\’s but that will increase in interest on FD\’s. I don’t want to keep that big amount in saving account which is giving me only 4% return. As per my understanding, better to invest in FD\’s which will give me around 9% return & at tha same time I will get this money easily, if required. is there any disdvantage to keep such big amount in FD\’s considering tax on interest or there is any other way to invest in. (I don’t want to lock this amount for many years). Please advise.