Welcome to Investmentkit.com Q&A, where you can ask questions related to investments & savings and receive answers from experts & other members of the community.
0 like 0 dislike
i want in invest Rs. 1000 every month for my child i want to know where i can get more interest is it in banks or through postofffice and also the present rate of interest in both of them
asked in Misc. by

Please log in or register to answer this question.

2 Answers

0 like 0 dislike
As far as service is concerned, post office has given very bad experience to number of investors. I suggest you to go for bank RD. You need to check the interest rate offered by bank yourself. The following link will help you.
http://www.investmentkit.com/government/rd.shtml

BTW, if you're a long-term investor, I suggest you to invest the same amount in equity diversified mutual funds. It will create wealth for your child & will help in higher education / marriage. More details at
http://www.investmentkit.com/articles/2010/10/best-indian-mutual-funds/

Hope it will help you.
Admin
http://www.Investmentkit.com
answered by (48.8k points)
0 like 0 dislike
If you decide to invest in post office my suggestion is to deposit for 1 yr. i.e. 12 instalments at one time.

You save the bother of going to PO every month & gets some rebate also for advance payment.

The rate of interest is almost similar in Banks & PO.
answered by (13.6k points)

Related questions

0 like 0 dislike
1 answer
0 like 0 dislike
0 answers
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
1 like 0 dislike
1 answer
560 views asked Jun 19, 2013 in Misc. by sanjeebkrishna (130 points)

Do you like this website? Get future updates via our Free newsletter.

Email ID:

 Privacy and Disclaimer  

 www.InvestmentKit.com

...