I am thinking of investing in FD from the last few days and this video is the honest one till now. Normal youtubers are saying FD gives very low return. But for people who can invest a small amount don't want any risk. Pls do a video about tds and tax if we do FD. I am naive and very new in investing.
Some important points please be aware 06:15 and 07:45 Banks have to show interest rate of quarterly compounding only with that they can also use annualized interest rate but they cant promote it with annualized rate. So 7.0% will always be less then 7.1% 10:15 Interest rate cant be different for different amount, It will be same for all except bulk deposits (example of 10 lakh shown in video is incorrect) 10:45 Its again RBI rule to allow premature withdrawal for all deposits under 1 crore. so don't spread wrong information that premature closure is not allowed its mandatorily allowed for all deposits up to 1 crore in all banks. 16:00 You said you can withdraw easily and quickly from that platform, but not mentioned the word same day ? why in your own banks we can get FD closed and get the funds in bank same day. even on holidays with internet banking.
I am regular viewer of your videos. I am Mathematics Lecturer and i also inspire my friends too. Kindly prepare a health insurance video comparing basics.
Pranjal is a honest person ... clearly highlighting discosure.... unlinke Ankur warikoo who is not a honest guy... ankur keep on saying FD give 6 Perent even big bank offer 7.4% interest.... Ankur get money through promotions so he is promoting for money
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... Stock)
With All Due respect, Pranjal Sir missed out on Bulk FD and Non-Callable FDs where Banks give extra ROI to the HNI customers who have good wallet and doesn't want to invest in MF and Stock market!! 😎
Couple of points which came out post discussion with the customer care They are upgrading the app, to digital open the ac need to wait for couple of days. Most of the caveats are applicable till 31st March e.g. zero balance, waived charges. Cannot transfer the branch from one city to other city. It would be good to put in more relevant information.
Pranjal the Fd rate of Utkarsh Bank on it’s official website is higher then what is shown on Wint. For eg 2 years to 3 years in Utkarsh is 8.5% and Wint does not have interest rate of 8.5% it shows 8% or 8.25%. If they are not showing correct data then how can we trust such sites for investment.
Hi Pranay, thanks for bringing this to our notice. The details have been updated on the calculator. We regret any inconvenience caused and will strive to do better.
If you are considering Unity Small finance bank FD , you should know that though FD can be opened online , but in case you wish to break it as on date, the amount will be transferred to a Unity Small Finance Bank saving account which will be compulsorily opened when you book a FD with this bank . This bank doesn't have mobile/net banking/UPI or even debit card facility as on date....this is my understanding from reading tnc on wint wealth and website of the bank. Please correct me if I am wrong.
Waiting for mutual fund series about money diversification...how much money need to invest on those mutual funds which you had uploaded on previous videos,u said like we will make one other video how to investing on those funds with how much money for each fund ....
You are my favourite pranjal ji. I am from Bishnupur, bankura in west bengal. Only for you I trust like all your recomended investment platfrom. Thank you
Q. So can I make an FD through Wint Wealth itself? Q. Can my deposit be verified by that particular bank, as their own customer? Q. Then who will issue me the deposit certificate, Wint Wealth or that particular bank? Q. Tomorrow if for any reason Wint Wealth does not exist, will the particular bank treat me as it's customer? Q. Can I deposit with multiple banks with one time KYC with Wint Wealth, or how is it?
@@Sakshamm07 Why you said not to invest with WintWealth? 🤔 Please reply. Secondly, your comment is Highlighted, how does that happen? Can we highlight our own comment or does the channel owner highlights it?
Thanks for the info, however, i am very surprised that you didnt tip ppl about sweep-in facility here to enable them to maximize liquidity and avoid premature penalties!
Yeah but NSC compounds more frequently, probably quarterly so 7.7% yields more than 8.2% after 5 yrs. You can use any online NSC, SCSS calculator to verify 😃
@@sambose8243 yes. but scss int quarterly payable. For e.g 1,00,000 gives you 2,050/- ₹ quarterly. On which in saving acc you'll get 4% or you can withdraw also for your upcoming planning
Hi Team... Curious to know... whether we can invest in fd in Zimbabwe when current highest interest rate is 110%? 🤔 Our money (INR) will grow to 30% approximately in 18 months after currency conversions... But need to check international financial policies and procedures... 🤔 Any views, suggestions... please help to understand little more on this... thank you
Its better to have a video with some actual content in it instead of one which are released every day with shallow content. The ones which just feed the algorithm
You helped me to understand few basics thankyou. Just a suggestion if you could make videos on basics of finances like IT returns for non salaried people fir tax benefit ahead 50 to 60
Dear sir, Thanks for everything. Bcz of u only,I have started my investing .. Sir ,i would like to raise one point about your finology app..whenever ,we see investors in your app(on mobile ),we face lot of problems to slide table to see their quarterly score ,the same issue with promoters section also..kindly update and try to fix asap...
Hello Pranjal jee, how can Direct Stock Investors receive Compound Interest? Not through Mutual Fund but by directly buying shares. Even the dividends paid out are not always the same that can be reinvested and are often quite low... Another thing, for example, an investor who bought shares of a company like Coal India on 30th March 2011 at 407.35/- is definitely not enjoying any compounding at all even after 13 years as the share price went down and now up again around 402.55/- .... If possible, please make a video on this...
If I make FD in small finance bank and take monthly interest and invest that monthly amount in good sip mutual fund, will this be a good investment or I must go for long period FD and get maturity ? kindly suggest your view point.
yes bank kind of scenerio , poor lending nbfc, small bavk are generally at risk of liquidy..( silicon valley bank kind of scenerio), bad loans by bank management then..there is a big risk in FDs as well, problem is FD long duration mature period can cause trouble for people to operate account..how support will come.. nearby bank comes handy and people tend to give support ..wint wealth may become single point of failure or should open branches in evey nuck and corner
My favorite finfluencer because of firstly I decided to do trading but after watching your videos I've becomed vice versa. Currently I just wanted to do fundamental analysis by just learning about it
Want a suggestion If i have money so taking a loan against fd is good option or not for renovating my home As for 1-2 % burning complete corpus of 20-25 lakhs is ok or playing with bank money is good idea Taking into consideration money is in good bank saving account
Hi Pranjal, i have a question, in RBI guidelines upto 5L insurance, how does it work. suppose if I have invested in any small finance Bank, and in any way it defaults after 2 years, then I will get my invested 5L only or 5L + interest earned in 2 years?
According to you 5 lac is insured to use zada ka fd should be unsafe, correct. Then 5 lac pe 9% interest k according 15 saal me b total principle + interest = 19 lac hota h. Is rakam me kya aapka baccha education b le sakta h, shayad nahi aap jante h. Inflation rate for 2023 was around 5.69%, 19 lac ko inflation se adjust karne pe 15 saal me 8.2 lac hota h. Gareeb ko hamesha Gareeb banaye rakhne ki bhadiya scheme h FD. Safe safe k chakkar me saalo se Gareeb hi reh gye hum log. " Invest some amount that you don't need for next 10-15 years (ye soch kar k ye doob gya) and keep investing in smallcap/midcap funds for wealth creation (agar daldal se bahar nikalna h to)" Sabse bada risk to risk na lene me h. 15 saal, 15% aur 15 hazar calculate kar lo 1cr hota h. PATIENCE is the KEY.
Sir I want to start swing trading and positional trading Plz make a video and clear that is it ok to do And which one is best swing/positional/long term investing Plz sir
9:40 I have seen other banks also do something similar, like here for 701 days it says 8.95% but for 702-1000 days the rates fall to 7.4% and again for 1001 days it is 9% but 1002 onwards again it is 7.85%. Sir could you explain why this kind of fluctuation is seen, and why don't the rates increase monotonically with the tenure as one would think intuitively? Do banks benefit from this, if yes how?
It's because of the psychology of the investor, it actually keeps the bank in a better position, so in the case of 701 to 1000 the investors are in bulk and the risk of pre mature closure increases, where as in the case of 1001 days almost no one will break the FD before hand, this will give the bank an idea that certain amount of money will almost be with them for atleast 1001 days, while in the former case the money holds some uncertainty.
Sir, i had a doubt. I have an auto renewal FD quarterly. I wanted to ask which ROI will it take at the renewal time? Current or the one when I started?
FD vale apne paise ko karte kya he....???? Wo bhi to stock market me hi lagate he .... To hum bhi mutual fund ke through share market me invest kar sakte he 🤞🤞
If someone has no job or salary, he is earning 5-6 lakhs annually through share market only using intraday and swing trades. Is he supposed to pay according to the income tax slab rate or STCG tax?
Hi pankaj ji Want to know about turm Insurence recently i pay for insurence but they chenge primum after medical they charge extra amount they you will be dibitic in future thats why my premium change .. I talk with my friends he said same did with him without dibitic they charge premium please make one video for this
Please anyone answer : In Atal Pension Yojana: After demise of Subscriber and Spouse, corpus amount will be given to Nominee. What if the spouse is the nominee as well, Does the spouse get corpus as well as pension till death?
Mein agar 4,00,000 invest Kiya he with interest 5,20,000 ho geya he. Agar bank dub jata he to mujhe 5,00,000 with interest milega ya 4,00, 000 milega only principle
