Need advice on where to invest 8.75lakh for guaranteed high returns

[Riya Sharma]

Invest all of it in ORDI (crypto currency)

 

[xvd1]

I have invested 80L in Mobikwik Xtra
No problem yet

Have you seriously invested high amounts there? Any issues faced?

 

[raghu.rokda]

Have you seriously invested high amounts there? Any issues faced?

Yes, no issues yet..
Jo hoga dekha jayega
Maal chaapne k liye risk to lena hi padega

 

[aparnahm]

In my opinion currently P2P is the highest risk taking option in current digital investment options.
You does not know where your money is being deposited too.
RBI guidelines say P2P platform like lendbox etc, are required to give names,details of person to whom money is being lent to, but currently I see no such option provided by third party paltforms like cred, 12% club.

cred gives the details

 

[codenerd]

D

Yes, no issues yet..
Jo hoga dekha jayega
Maal chaapne k liye risk to lena hi padega

DAMNNN!! You earn around 2700rs per day as interest😍

The person who would have referred you would be so lucky to be earning 10% of your earnings!

 

[doraemon]

6 percent pe to sahi mil Gaye paise
If it was me
Mai Jana bank m 8.5% pe daalta
Aur au bank mai 8% pe
And baki jewellery shops PE intrest pe dedeta at 1%pm

 

[doraemon]

D

DAMNNN!! You earn around 2700rs per day as interest😍

The person who would have referred you would be so lucky to be earning 10% of your earnings!

Dp kahi dekheli lagri hai
Jumanji?

 

[its_karan]

Dp kahi dekheli lagri hai
Jumanji?

Haan Jungle main ana jana rehta hai bhai ka

Jab tak shaved na ho

 

[crypto56]

Hi,
I just took a personal loan on my Apay ICICI credit card, as it was a pre-approved loan offer on my card.
I didn't really require a loan for any purpose but just took the loan as it was offered at a low interest rate.
Loan amount: 8,75,000
Tenure: 1 year
Flat interest rate: 6.06%
There is no extra processing fee, however gst is applicable.
If you include all extra charges like GST, effectively the simple interest rate is 7% pa

So, need advice where i can park this amount for 1 year so that i can beat and even earn 3-4% extra over the spend interest of 7%.
One option is FD in small finane banks where interest rates are around 7-8% but i am not sure which bank provides the how much highest fd interet rate (1yr or little more tenree)
Kindly suggest any other investemnt product that can provide an almost guaranteed return with low risk in 1 year or so.....at around 9-10% returns

Also, since this loan emi will be billed in my credit card statement obly, so there is an opprtunity to earn 1% cashback extra on bill payment. But the 750 cashback limit on easyshop platinum debit card gets already exhausted per month from my regular cc bill payments. Please suggest any other methods to earn cashback on cc bill payment (around 77k emi billed per month)

Some credit society in mumbai offers 10 % on FD
1.5X in 4 Years
2X in 7 Years

 

[crypto56]

Some credit society in mumbai offers 10 % on FD
1.5X in 4 Years
2X in 7 Years

one of my friend is manager of credit society in kurla mumbai if anyone interested i can give contact number of him dm me

 

[RAMESH BABU N]

My advice :

Less Focus on high interest rates.
More Focus on safety of principal.
8.7L is not a small sum. So, go to
a reputed Big Bank and take a FD.

1% or 2% more should not wipe out
100% corpus.

 

[abhiver]

My advice :

Less Focus on high interest rates.
More Focus on safety of principal.
8.7L is not a small sum. So, go to
a reputed Big Bank and take a FD.

1% or 2% more should not wipe out
100% corpus.

Yes safety of corpus is important.

Otherwise Mutual Funds or Index funds is not bad choices

 

[DaDarkkNight]

My advice:
Cancel the loan after 15 day free cancellation period, at zero effective charges. Earn some profit on 10lacs in the 15 day period.
Repeat the same again every month