How to become millionaire / Crorepathi by investing in a bank recurring deposits

Overview – How to become millionaire / Crorepathi by investing in a bank recurring deposits Is it easy to become millionaire / Crorepathi without taking risk in investment? No investment in stock markets or in mutual funds, but can we attain this goal by investing in bank recurring deposits? Yes it is possible. Once you start investing on regular monthly basis for longer term in bank recurring deposits, your money grows faster. You would have heard about compound interest. If […]

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Top 8 fixed deposits one can invest to maximize the returns

There are various bank which offer fixed deposits and the interest rates differ from bank to bank in India. The key for maximizing the returns is to choose the right fixed deposit which provides highest returns and should be one of the best investment option/plan. What are various types of fixed deposits? There are majorly three types of fixed deposits. Term Deposits: This is one time fixed deposit which ranges from the period of 90 days to 10 years. The […]

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5 Facts to know before you invest in Chits/Chitty

Investments in Chits/Chitty A chit fund is a kind of savings practiced in India. A Collection of members called a chit group contribute the money and they bid in auction and the awarded money which equals to chit amount minus the commission deducted by Chit Fund Company. However I felt this is not that best investment among the options available. How does it works? Let us take an example of a chit scheme of 25 chit members contributing Rs. 1000 […]

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6 Reasons why you should invest in Company/Corporate fixed deposits

Company Fixed Deposits There are various companies which are offering fixed deposits to the investors. The rate of interest would be on higher side comparing to bank fixed deposits. Hence an investor can look for allocating some of the investments into these company fixed deposits as it is one of the best investment option. 6 Reasons why you should invest in Company / Corporate fixed deposits? 1) If your risk tolerance level is low, you can invest in these corporate […]

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Best Investment Options – 4 ways to double your investment

4 ways to double your investment   Try any of the below best investment option which would double your investments 1) Bank Fixed Deposits a) Try for State Bank of Hyderabad – Double ka meeta scheme. This is a special term deposit where the deposit gets doubled in 87 months (7 years 3 months) b) Just observe that if the annualized interest recieved is more than 9.7% per annum, your money would get doubled in 7 years. Try any bank […]

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Best Investment Options – Top 5 deposit rates you should know before investing in Bank FD’s

Overview There are various bank which offer fixed deposits and the interest rates differ from bank to bank in India. The key for maximizing the returns is to choose the right fixed deposit which provides highest returns.     What are various types of fixed deposits? There are majorly three types of fixed deposits. 1) Term Deposits: This is one time fixed deposit which ranges from the period of 90 days to 10 years. The interest on this type of […]

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