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(Querist)
03 December 2008 Of I am having 50,00,000/- rupees, which i use for construction purpose but right now our project going delay so i think to invest this amount in FD with bank but my friend told me OD with bank facility is better than FD now i cant understand which one is best also tell me by which facility i get maximum return also tax examption....
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Deepak Agrawal

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Deepak Agrawal (Expert)
03 December 2008 FD is better. Waise i didn't got concept of OD
Invest in OD means ?

Bank will gcve you OD facility to withdraw money.
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CA Debasish Banerjee

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CA Debasish Banerjee (Expert)
03 December 2008 Bank Overdraft is your Liability while FDs are Assets.. how do you compare the two??
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Guest

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Guest (Expert)
14 November 2009 Dont undersatad

how you have compared. Both are different.
one is asset and other is liability
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
14 November 2009 OD -- ???????????
bank overdraft is a type of loan, it is not investment tool.
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