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Avenue for Investment

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Avenue for Investment

Last updated: April 9 2010
13 | Posts
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  • #11

    #11

    Re : Avenue for Investment

    Originally posted by Venkytalks View Post
    Buddy, boeing777 left this place 2 years ago, leaving this dead thread behind.

    No one seems to noticing it !!!!

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    • #12

      #12

      Re : Avenue for Investment

      includes u

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      • #13

        #13

        Re : Avenue for Investment

        Originally posted by ajit11 View Post
        I would suggest Him To invest their money in flat & apartment in Noida, in resale he canmake money, in short period of time.

        Yes, I would also suggest him to stay away and keep his retirement money saved for the rainy part of his life./

        Don't go for bank FD as you might loose them in case of a bank run.

        Better go for RBI's Senior Citizen Savings Scheme 2004 which is garunteed by RBI and all nationalize bank which support PPF will take deposit on behalf of the RBI.

        You will have to run behind the bank as bank don't get anything for it... but it is worth it (9% interest) with absolute garuntee from RBI/Govt. you can invest till 15 Lakh from your retirement benefits.

        Don't get fooled by the scheme of special interest given by banks on FD for senior citizens those are nothing but normal bank FD and as risky as normal bank FD. If the bank goes down, so will the FD..


        Also, go for post office's monthly income plan which gives 9% annual interest you will easily get 30,000 per month with safety.

        for your own sake avoid risky investments like real estate to save your life's savings.

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