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What is the best option to invest money?
i would like to know, what are the ways as best i can invest for getting Monthly Income?

for ex: i own 6 lakh. I need to invest in some option which give me monthly returns and also safe for money?

How much i can get for monthly basis?

Thanks
Krish
In Fixed Deposits  -  Asked by krish -  1 year ago

Best Answer:
There are various options of investment like fixed deposit, mutual funds, stock market, etc. But security of money is very important. Fixed deposit is the one investment in which your money is safe, you can earn monthly returns and can multiply money for high returns. Like SBI gives the Flexibility to covert your Special Term Deposit to Term Deposit and vice versa.
# You can convert your special Term Deposit to a Term Deposit to receive monthly/quarterly interest payments to match your financial requirements.
# You can also convert your Term Deposit to a Special Term Deposit, which provides compounded rate of interest to multiply your money faster.
To know Best FD rates of different banks visit rupeetimes.com.
1 year ago - By Dinki

Other Answers (2)
show:
Answer 1.
You can invest in recurring deposits in this you get wide choice of deposit like:
# Flexibility in period of deposit with maturity ranging from 12 months to 120 months.
# Low minimum monthly deposit amount.
# You can start a Recurring Deposit with SBI for a monthly instalment of Rs.100/- only.
Your money is safe, loan/overdraft against your deposit, etc.
1 year ago - By Sonia
Answer 2.
To save tax and earn return you can invest in tax saving fixed deposit, Public Provident Fund (PPF), National Savings Certificate (NSC), and Employees Provident Fund (EPF), endowment plans when it comes to life insurance. These schemes have a low risk tolerance.
1 year ago - By Himi
Answer: Open Questions RSS
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which scheme of interest rate is better between compounding and fixed interest rate on fixed deposit
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