Bank Deposit – a Safe and secure

Bank Deposit – a Safe and secure Investing Option

There is no risk at all in Bank deposit. In comparatively though growth rate is low but your saving must get safety and secure growth. Also deposit interest rates also vary from bank to bank. Hence your choice is to invest in which bank. For more returns you may choose fixed  long term deposits. As today it carries more than 9percent per annum interest rate.

Now a days banking agencies makes many times hike in interest rates on fixed deposits to regulate monetary inflations and control. You may also getting tax rebate to a certain limit of your interest earned on fixed deposits. After that slab you may invest your saving in others funds.

If you want you may invest in recurring deposit scheme . but one thing you keep in mind that you loose tax saving  rebate. You also can’t withdraw cash before a stipulated time. But now ome banks offering recurring deposit schemes with same interest rate of fixed deposit for more than 9 percent per annum.

If conditions of bank allow you may take  some loan from bank against your fixed deposits. In some banks separate and special schemes are followed for different categories like women’s and they should take the benefits from the schemes.

In comparing to all the popular saving options like National saving Certificate scheme, post office deposits, public provident fund, life insurance endowments  , fixed deposit schemes in more than 350 or 400 days fetches  9 to 10 percent of interest rates per annum. 

Real Estate – a booming potentiality to Invest

Real Estate – a booming potentiality to Invest

If you want to purchase land or building or flat , you have to pay more down payment and also more maintenance cost have to bear. Without having any risk high return could be expected from investment in real estate. One thing clear that you have to wait for a long time for that.

Option for a flat or building than invest in land is more safe and wise  because at the time of purchase  of a flat you have to see that whether that is private or public, it’s previous owner and occupier , converted to your name or not. All aspect you have to enquiry . you have to investigate all clearance certificate before to proceed because many times this profitable investing option throws you in trouble and loss.  Another thing , over investment is dangerous . you have to judge how much and which area to invest.

If you invest in land you have to foreseen for a future growth . like if you purchase a land for twenty thousand rupees today , you have to dream for twenty lac rupees after five years. But the location of land is a prime and vital factor for its price rise that you must keep in mind before invest.

For Tax saving benefit , invest in real estate  is a good option. But before invest you have to read all ters and conditions vividly. Plan your budget according to your earnings  and forward to invest in real estate. You have to avoid the tendency that all were moving towards for that so as I also. Always purchase land or flat in your own name. if you purchase land in your child’s name you may face problem during sale or mortgage and also loose Tax saving factor.

If you want you may transfer property to your childas a gift to avoid heavy stamp duty. You have to more cautious during property transfer. You avoid to invest all your savings in real estate. You have to keep some money in liquid form in your saving bank to avoid emergency needs.

If you want to  earn from your investment , you may left flat for rent  but you are to see that one or two months bond for rent . also you may put conditions for maintenance and renovation of your property.  

After all invest in real estate is really  a wonderful and high yielding investment option.