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Nishan11

TF Ace
Contributor
VIP Lounge
I have salary account in SBI & use BOB account for all transaction purpose from paying utilities, travel & everything else.

I have put some big fd already in SBI.

Now I need to park nearly 1.5-2 CR more. What's best way to park this money ? Fixed deposit or anything else. Just want good intrest.
 

Nishan11

TF Ace
Contributor
VIP Lounge
make 5 L fds in small finance banks
au
utkarsh
No investment in small finance banks. No matter how good is their interest rate, I don't trust them. I know upto 5L is fine as per RBI if bank defaults, but I stay away from them.
 
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No investment in small finance banks. No matter how good is their interest rate, I don't trust them. I know upto 5L is fine as per RBI if bank defaults, but I stay away from them.
pick any psu with decent FD interest rate - can't go wrong with PSU banks, returns may not be great but capital remains safe. or government bonds if you aare looking to park it for a year or more.
 

Ak Singh

TF Premier
No investment in small finance banks. No matter how good is their interest rate, I don't trust them. I know upto 5L is fine as per RBI if bank defaults, but I stay away from them.
I give u advice,
If you want to do fd go with Bajaj finance without any doubt.
Very very low risk.
Bajaj finance can't fail easily it is india's largest nbfc.
I guarantee your money will be safe.
Established since 1990.
 
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