March 10, 2013 4:04 pm
Thanks for confirming Ashal!
Dear Vijay, Yes. it’s indeed a good approach.
Strangely my questions don’t appear!! Here is the question:
I have a Citibank Home Saver (similar to SBI MaxGain) account on the home loan. I prefer to park funds here instead of investing in other places. The reason is this indirectly gives me tax free returns at the value of the rate of interest charged by the bank which is 11.75% . Is this a good approach?
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