Banks Investment Plan: If you also want that you get more interest on your investment, then you can invest in other banks instead of big banks. Here you can get more interest.
Many small banks are getting more interest than big banks.
Everyone wants that whatever he invests, he should get maximum return and maximum interest on the amount. If you also want more interest then you have to go to other banks instead of big banks. Actually, many small banks are paying much higher interest than big banks, which can benefit people a lot. So much so that you can get double the benefit i.e. many banks have double the interest rate.
While SBI and PNB banks are getting up to 5 percent interest, other banks are giving up to 10 percent interest. In such a situation, know where the interest is getting up to 10 percent right now and if you want to invest then this can be a good option for you. Know what is this formula to get more returns…
Where is getting good interest?
Actually, Muthotu Mini has launched Non Convertible Debenture (NCD) and its thing is that up to 10.41 percent interest will be given on your investment in it. Along with this, India ATMs are also giving interest at the rate of 11 percent to the customers. This interest is being given on RD in this bank and you can get good interest by depositing money through RD. This offer of Muthotu Mini can be availed till September 9 only.
It is being told that on behalf of Muthoot Mini, an interest of 8.75% will be given annually on the NCD of 480 days. Interest will be paid on month to month basis and it is a secured NCD. On the other hand, if you invest for two years, then 9 percent, 42 months investment will get 9.50% and 50 months investment will get 10.22% interest. In such a situation, if you can invest for about four and a half years, then you can get an interest of more than 10 percent here.
What are NCDs?
Non-convertible debentures ie NCDs are financial instruments. These are issued by the company. Through these, she raises money from investors. For this, the company brings a public issue. Those who invest in these get interest at a fixed rate. The tenure of NCDs is fixed. On their maturity, investors get their principal amount along with interest. These are debt instruments like bank FDs. Here debt means fixed income. Some debentures can be converted into shares after a specified period. However, this is not possible in the case of NCDs. That is why they are called non convertible debentures.
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