Hi Amar, No additional interest rate for PWD.
Coming to FD, the deposit for 555 days yields the highest rate of 9.25%. I think this is the same for 3 years as well. If you are looking for a long term investment, SBI is issuing bonds which yields 9.75% for 10 years and 9.95% for 15 years. So, it depends upon time for which you are looking to invest. While FD has the advantage of premature closing, loan facility, and even credit card facility, bonds have secondary market in the stock market. While FD rate is quarterly compounding, rate on bond is paid out in simple interest. Note that the bonds are callable after 5 years, i.e., the bank has the right to redeem the bonds after 5 years. This happens if deposit rates in the market fall much lower than what is paid by the bank. It is felt that there is going to be another hike in the deposit rate in March. In fact, I am looking for that hike for my investment. If your parents are more than 60 years old, then you can deposit the money jointly with them, in which case you can get additional 0.5%. -- G. Vamshi PH Res : +91 877-2243861 Mobile: +91 9949349497 E-mail ID: [email protected] Skype: gvamshi81 www.retinaindia.org >From darkness unto light On 2/27/11, Amar Jain <[email protected]> wrote: > Dear All > I want to invest in SBI fix deposits, may I know like senior citizens are we > also given additional interest in P.H. category? If so, then do we have any > circular on this point? > Further, if some employee from SBI over here is willing to guide me, then I > would like to know that for which scheme I should go in order to get the > highest interest possible? > As this depends upon the time for which investment is done, I can take this > discussion off the list in order to get the right advice. > An early response is awaited. > Regards > Amar Jain. > Get numbers right this time, help the census with correct disability info! > Question 9 relates to disability. > Get numbers right this time, help the census with correct disability info! Question 9 relates to disability.
