And any way to skip reporting my fd interest to IT dept, like on what conditions bank report fd interests to itd? -your pan card is linked and 40k interest is tax free each year on FD interest
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Need advice on where to invest 8.75lakh for guaranteed high returns
- Thread starter DaDarkkNight
- Start date
ok will contact u if plan to invest, btw any blog link to understand this concept clearly?
helloworld
TF Legend
If you don't mind, whats your CIBIL score?
Online Mobile & DTH Recharge, Bill Payments, Easy Recharge
not possible
banks will also cut TDS if i am not wrong about a certain limit
this 40k limit, will this be applicable only when the fd is broken and interest is disbursed in same fiscal yr,
or banks calculate the accumulated interest on fd till date in fiscal yr and on that tax is levied wherther or not my fd is close or running?
D₹V
TF Prestige
Also do in parts,
For example you have 9L.
Invest 3L-3yr, 3L-2yr, 3L-1yr
And every year one FD will get matured. You can renew every year or use it for expenses/need.
i am surprised that icici gave him a personal loan on cc for 6-7% pa
itne mein mile to mein 12% mein daalke paisa kama lu
itne mein mile to mein 12% mein daalke paisa kama lu
around 790 , would have been more if not the blunder done by ola/abfl marking 3 months payment as late in my profile since 2 years. I am expecting to get this improved in the upcoming months,, however i have also taken quite a few credit cards in last few months
i m also surprised
actually they were after me ringing daily from last 3 months. Now finally they said we are waiving off processing fee for u.
So i took it, only because they were becoming a pain in my ass, and i thought even 1-2% return at the eod is okay, atleast it will help recover few of my unpaid leaves i took in my company.
Now need your support to generate even higher returns so that i can continue being on unpaid leaves........
its actually a miracle
no personal loan is offered at any single digit rate
you have a very good oppurtunity of making money via arbitrage
no personal loan is offered at any single digit rate
you have a very good oppurtunity of making money via arbitrage
Shubham Yadav
TF Prestige
Since long ? U are holding icici credit card 💳
simplewarrior
TF Select
I would not suggest doing any investment. You will be charged 30% tax on Interest. You will also lose saving bank interest on monthly emi payments. Keep that money in bank accounts only, preferably in Small finance bank to have 5l insurance. Some bank offers 4-6% on saving accounts.
aree bhai ye cheating hai ham first aya tha iss line mein
D₹V
TF Prestige
Nahi nahi 😹.
i don't consider it a miracle, these offers were there for a long time in my account, i guess banks keep improving the pre-approved offers if you don't avail them.
Now, as soon as I availed this personal loan, all other loan offers like home loan (at ~8.6% ineterst),car loans etc are no longer showing in my profile and vanished 🙁
i have pre approved loan offers but all those arent below 13%
now when my cost of credit is as high as 15% afcter charges breaking even on a risk free instrument would be very tough
You are missing something
He mentioned flat rate, not reducing, if you convert, it will go up to minimum 12%
Processing fee waiver is good though
also, in some cases, the interest rate is not a flat interest rate but rather a reducing interest rate ( which is calculated on the remaining outstanding principal amount). In my case, the flat rate of 6% was equivalent to a reduced interest rate of 11%. So do enquire your bank if the double digit interest rate they are offering, is a flat one or actually reducing interest rate