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What investments give a better return than a bank fd?

Seema Gupta (19 Points)

15 September 2017

I want to know how can i get the better returns on investment other than bank FD

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Aman Khanna (Finance Advisior) (196 Points)
Replied 15 September 2017

If you are looking for safe investment options in India, the Post Office Term Deposit is a good choice.

Apart from that, you can also look out for the following options which are also considered safe and viable for investment in India:

Public Provident Funds (PPF)

These are tax-free savings instruments wherein you can deposit funds for a fixed, minimum period of 15 years. You can invest up to Rs 1,50,000 (in a financial year) and a minimum of Rs 500 can be deposited. Current PPF rate is 8.1%.

Fixed Deposits (With a reputed Bank or NBFC)

These flexible financial instruments can earn you a cumulative and/or non-cumulative interest of about 6 to 8.30% for a decided period of time on your surplus funds. Banks and NBFCs also provide secured FD investment scheme and loans against FDs offers.

Savings (Taxable) Bonds

These bonds are issued by the RBI and come with a lock-in period of six years and an interest rate of 8% per annum. They are taxable bonds, but there is no Tax Deduction at Source (TDS) for them.