POSTED BY March 17, 2014 8:21 am COMMENTS (6)ON
HI to all,
I’m new here so i really don’t know how this works. Just wanted to ask where to invest 4 lacs ?
FD has interest rate of 9% per annum but TDS will be charged.
Also i came across POST office monthly income scheme the interest rate is 8.30% for 3 years and the interest earned monthly can be reinvested in RD. This is looking best right now. What do you guys think ?
I also got a phone call from PNB where in they were selling this Max endowment plan where in rate of interest is around 11%. I pay them 30k annually for 5 years & i would get around 230000 . Is that a safe bet ?
I had bad experience in equity and MF’s where in interest gained wasn’t much so please advise
Thanks in adv.