Hi ,

Could  you please let me  know which would be better investing(home loan is in name of my wife and me)

1. SBI maxgain at 10.05 %.With this i get income tax rebate @30% on interest part so the effective yield is 10.05- 3%=7%

2. Fixed deposit at 9%.On this income we are not eligible for income tax as my spouse left the job and is currently income-less and all the FD are in her name.So effetive uield remains as 9%

Is my calculation correct ot is investing in FD a bad idea ?

Regards

Sumant