Recommendation on parking funds in Citibank Home Saver a/c?

POSTED BY VijayG ON March 10, 2013 4:04 pm COMMENTS (3)

3 replies on this article “Recommendation on parking funds in Citibank Home Saver a/c?”

  1. Vijay G says:

    Thanks for confirming Ashal!

  2. Dear Vijay, Yes. it’s indeed a good approach.

    Thanks

    Ashal

  3. Vijay G says:

    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?

    Suggestions

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today