If you have more money in 2023, where should you spend it? If you use it in such a place, your boy will eat in peace
Invest the bonus money in this way:- If you have more money or want to invest the money received in bonus then where should you invest it?? You will find this money very little in terms of investment. But by investing you can make it big. If you think about it and invest in a good place, you can accumulate a huge fund with this small amount.
1) Loan Repayment- If you want to use your bonus money properly, you should invest this money in the right place. For example, you can pay off your existing loan with this bonus money. With this, you can quickly get out of debt and put the EMI money in the right place.
2) Buy health insurance- If you have not bought health insurance for yourself till now, you can get health cover for yourself with this money. This may be useful for you in solving your problem.
3) Investment of money in mutual fund- If you want you can invest this money in mutual fund as well. Many mutual fund schemes give you higher profits in a shorter period of time. In such a situation, if you invest your money here, you are likely to make huge profits.
4) Increase existing investment- If you are currently investing somewhere, you should think about increasing it. By increasing the existing investment, you can earn better from it.
5) Arrange for old age- With this money you can also arrange for your old age. You can invest this money in a good retirement plan. With this, you will get good pension every month while sitting at home in old age.
| Bank FD Names | For General Citizens (p.a.) | For Senior Citizens (p.a) |
| State Bank of India FD | 3.00% to 7.10% | 3.50% to 7.60% |
| HDFC Bank FD | 3.00% to 7.10% | 3.50% to 7.75% |
| ICICI Bank FD | 3.00% to 7.10% | 3.50% to 7.60% |
| IDBI Bank FD | 3.00% to 7.15% | 3.50% to 7.65% |
| Kotak Mahindra Bank FD | 2.75% to 7.20% | 3.25% to 7.70% |
| RBL Bank FD | 3.50% to 7.80% | 4.00% to 8.30% |
| KVB Bank FD | 4.00% to 7.50% | 5.90% to 8.00% |
| Punjab National Bank FD | 3.50% to 7.25% | 4.00% to 7.75% |
| Canara Bank FD | 3.25% to 7.15% | 3.25% to 7.65% |
| Axis Bank FD | 3.50% to 7.26% | 3.50% to 8.01% |
| Bank of Baroda FD | 3.00% to 7.05% | 3.50% to 7.55% |
| IDFC First Bank FD | 3.50% to 7.75% | 4.00% to 8.25% |
| Bank FD Names | For General Citizens (p.a.) | For Senior Citizens (p.a.) |
| Yes Bank FD | 3.25% to 7.50% | 3.75% to 8.00% |
| IndusInd Bank FD | 3.50% to 7.75% | 4.00% to 8.25% |
| UCO Bank FD | 2.90% to 7.15% | 2.90% to 7.20% |
| Central Bank of India FD | 4.00% to 6.75% | 4.50% to 7.25% |
| Indian Bank FD | 2.80% to 6.70% | 3.30% to 7.20% |
| Indian Overseas Bank FD | 4.00% to 7.25% | 4.50% to 7.75% |
| Bandhan Bank FD | 3.00% to 8.00% | 3.75% to 8.50% |
Top 10 Tax Saver FD Interest Rates
A tax-saver FD under Section 80C of the Income Tax Act is Rs. 1.5 lakh offers a maximum deduction with a maximum of Rs. A deposit of 1.5 lakhs is permissible. The lock-in period is 5 years. Senior citizens are offered additional interest rates. These are the interest rates as of April 2023.
| Name of the Tax Saving FD | For General Citizens (p.a.) | For Senior Citizens (p.a.) |
| SBI Bank Tax Saving FD | 6.50% | 7.00% |
| IndusInd Bank Tax Saver Scheme | 7.25% | 7.75% |
| RBL Bank Tax Saving FD | 7.00% | 7.50% |
| HDFC Bank Tax Saving FD | 7.00% | 7.75% |
| Canara Bank Tax Saving FD | 6.50% | 7.00% |
| Axis Bank Tax Saving FD | 7.00% | 7.75% |
| Bank of Baroda Tax Saving FD | 6.50% | 7.15% |
| IDFC First Bank Tax Saving FD | 7.00% | 7.50% |
| Union Bank of India Tax Saving FD | 6.70% | 7.20% |
| PNB Tax Saving FD | 6.50% | 7.00% |
| Punjab and Sind Bank Tax Saving FD | 6.25% | 6.75% |
| IDBI Bank Tax Saving FD | 6.50% | 7.00% |
Earn more than 7% on recurring deposits in these banks, see complete list
In recurring deposit, you don’t need to deposit money at once. You can deposit money into it every month or every three months. You also get interest on this money every three months.
If you are making an investment plan, this news may be useful for you. Nowadays all the banks are giving very good returns to their customers on fixed deposits. But in the meantime, there are many banks which are giving good returns to their customers even on recurring deposits. Today we are going to tell you about banks where you are getting more than 7% return on recurring deposits.
In recurring deposit, you don’t need to deposit money at once. You can deposit money into it every month or every three months. You also get interest on this money every three months.
What is Recurring Deposit? You can invest little by little every month in recurring deposits. You have to invest this money for 5 years. On which the bank also gives you interest. Then after maturity, if you want, you can extend it once for another 5 years. In this, your interest is calculated every third month. If you want to open a recurring deposit account, you can visit your bank or the nearest post office to open the account.
These banks are getting great returns
At SBI, customers are getting 6.50% to 7% interest on recurring deposits.
HDFC Bank is offering a maximum of 7.10% interest on RDs of 6 months to 10 years to its recurring deposit holders.
In ICICI Bank, the bank offers 4.75% to 7.10% interest on RD on RD for 6 months to 10 years.
IndusInd Bank is offering its customers 6.25% to 7.75% interest on recurring deposits of 9 months to 10 years.