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Monday, February 6, 2023

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Use this formula to get higher return on less investment Not in big banks, but double the interest rate

For this you have to go to other banks instead of big banks.

Mumbai: Everyone is investing in their future so that even if they don’t have a job in the future, they won’t have to worry. Everyone who invests wants to make a profit in a short period of time, but they do not know where to invest. If you also want more interest, we will tell you this formula, with the help of which you can get double interest.

For this you have to go to other banks instead of big banks. In fact, many small banks offer much higher interest rates than large banks, which can be very beneficial to the people. The advantage is that you can get double the benefits. Of course many banks have double the interest rate.

SBI and PNB are offering 5 per cent interest. Other banks are offering 10 per cent interest. In that case, find out where you are getting 10 percent interest right now and if you want to invest, this may be a good option for you.

Where to get good interest?
Muthootu Mini has launched Non Convertible Debenture (NCD). In which 10.41 per cent interest is being paid on your investment. In addition, Bharat ATMs are also offering 11 per cent interest to customers. This bank is offering this interest rate on RD and you can get good interest by depositing money through RD. This offer of Muthoto Mini can be availed only till 9th ​​September.

That being said, Muthoot Mini will pay 8.80% interest on 480 days NCD every year. This interest will be paid monthly and it is a secure NCD.

On the other hand, if you invest for two years, you will get 9 per cent interest on it, 42 months investment will get 9.50% interest and 50 months investment will get 10.22% interest. In that case, if you can invest for about four and a half years, you can get more than 10 percent interest here.

What is NCD?
Non-convertible debentures (NCDs) are financial instruments. These are issued by the company. Through this she collects money from investors. For this the company raises a public issue. Investors get a fixed rate of interest. The tenure of NCD is fixed.

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