I have an option to take short term FDR (5 years) at today's (approx 7.5%) rate and to renew it again .
I can also invest in an LIC policy that gives me an annual (taxable) amount at 7.4% for my whole life and to my spouse after my death.
What is better as per expert opinion (FDR short term OR LIC long term)|||LIC is better for long term benefits because it gives bonus and other added benefits too.|||What is trend for FDR interest rate over next 15 years ?
No body can predict. If it is known banks will not bring the floating rate for loans
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment