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CA Atul (Querist)
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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....

Deepak Agrawal

Deepak Agrawal (Expert)
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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.

CA Debasish Banerjee

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

Guest

Guest (Expert)

14 November 2009 Dont undersatad

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

CA Ravi Sisodia

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

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