12percent club although has started accepting deposit but not allowing withdrawal on pretext of unknown activity

[gpsdhir]

12percent club although has started accepting deposit but not allowing withdrawal on pretext of unknown activity

 

[ronakshah]

I'm getting an option to withdraw funds

 

[tharun]

12percent club although has started accepting deposit but not allowing withdrawal on pretext of unknown activity

Yes it started accepting new deposits and also withdrawal is getting delayed with a statement we have escalated it to ur bank and the resolution takes 7 days

 

[CC-Muncher]

Just 2 words -> Stay away!

 

[CC-Muncher]

Just 2 words -> Stay away!

Here is a video released 2hours back on the same - TLDR; remains the same STAY AWAY!

 

[VijayflyRaven]

Classic example of high risk low return investment. Banks give up to 8% and insured up to 5 L per account name. For mere 4% extra why would anyone risk the principal is beyond my understanding.

Equity or mutual funds can be good choice for high risk high return. Returns can be upwards of 20% cagr.

 

[saucy]

Classic example of high risk low return investment. Banks give up to 8% and insured up to 5 L per account name. For mere 4% extra why would anyone risk the principal is beyond my understanding.

Equity or mutual funds can be good choice for high risk high return. Returns can be upwards of 20% cagr.

And you make the choice of where to invest!

 

[VijayflyRaven]

And you make the choice of where to invest!

Yes exactly. We can select lower risk and settle for slightly less returns while someone else can target higher risk.

In this 12% club, we seldom have choices like lower risk (say secured loans).