What is the meaning of scheduled bank in simple words to understand by an ordinary person?
In case of statutory body, is it safe to invest in Schedule bank to earn higher rate of interest on its investment?
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Safety of investment in schedule bank
Replies (5)
Quick Summary
Risk will be there as long as your money is with others.
Now stock market has crashed . So keep picking quality stocks like Reliance Industries,
Now stock market has crashed . So keep picking quality stocks like Reliance Industries,
I mean at present being a statutory body, its fund is kept in nationalized banks fixed deposits only, but if committee want to yeild higher rate of interest on their Fixed Deposits, can they transfer fund in scheduled bank's fixed deposits without any risk?. I am not talking about investment in stock market. Please guide.
You can do fixed deposits through bids considering highest interest rate
My doubt is whether Investment in fixed deposit of scheduled bank ( which includes private banks also) is as safe as fixed deposit of nationalized banks ( which includes only government banks) or not?
Whether investment in private scheduled bank's fixed deposit is at risk or safe?
Risk will be there some frauds come out.
Else it is safe .
Check the past track of management..
Else it is safe .
Check the past track of management..
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