POSTED BY June 16, 2013 9:33 am COMMENTS (4)ON
I have a surplus amount of Rs 1 lakh that can be invested for a period of 1 year
Which of the below options would provide maximum benefits and how?
1- Invest 1 Lak in FD of any bank which offers close to 10.5% rate of interest (jont a/c with senior citizen)
2 – Invest 1lak/12 equal amounts monthly in a RD
3 – Invest 1 lak in the max gain a/c for the same period(rate of interest is 9.95%)
If the rate of interest is same will both options yield same benefit?
Are there any hidden charges in max gain?