I have been contacted by SBI-Life and they are asking me to invest into this shubh nivesh. 1,00,000 per annum for 5 years and the return is of the order of 7.33lakhs+extra bonus(if any) at the begining of 6th year. I was optimistic about it. However, on reading posts here about it, I am confused as to what to do. 50% returns in 5 years on a recurring deposit type scheme seems quite good to me. Can someone please point out the negative points of this scheme? Waiting for a reply. 🙂
Thanks,
Navneet