Business

Mutual Funds Investment: These are Big Formulas to get Good Returns

Savings is more than earning and saving, nowadays returns are the craze, especially know about these banks giving good returns from savings accounts without taking any risk.

Aastha Bhatia

Savings is more than earning and saving, nowadays returns are the craze, especially know about these banks giving good returns from savings accounts without taking any risk.

Investment: It is said that every person is confused about the formula of savings and interest to increase earnings. However, many people do not understand whether it is advisable to keep money in the savings account of banks or whether investing in different risk-oriented schemes will be beneficial for good returns. In the midst of all this, there are more than a dozen such banks in the country, where you can get the benefit of interest equal to FD in the savings account itself. Let us know such public-private and small finance banks.

Talking about government banks paying the highest interest in savings accounts, Punjab National Bank is giving returns from 3.00 to 3.30 percent, along with IDBI's interest is also the same. Canara Bank pays 2.9 to 3.15 percent and Bank of Baroda 2.45 to 3.15 percent. The best among private banks is DCB Bank, where interest is being available from 3.00 to 6.45 percent. Apart from this 4:15 to 6:15 percent in RBL Bank, 3 to 6 percent in Bandhan Bank, 4.00 to 5.30 percent in IndusInd Bank, and Yes Bank pays interest from 4.00 to 5.15 percent to its customers.

Source: Google/ Image Credit: Money Bhaskar

Best Returns small finance

The best returns are being given by Small Finance Banks, in which the most excellent Small Finance Bank is giving interest ranging from 5 to 7: 15 percent, which is almost equal to FD, the amount is being given to the customers. Similarly, in Ujjivan Small Finance Bank 4 to 7 percent, AU Small Finance Bank is getting 3.30 percent to 7 percent, Equitas is getting 3.30 to 7.00 percent interest. In Jan Small Finance Bank, customers are getting regular interest ranging from 3 to 6.45 percent.

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