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FAQ: Are fixed deposits better than investments? - Property Hotline
Posted
June 17, 2016
Views
3,338
Likes
9
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June 17, 2016
3,338
9
0.27%
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2:58Now PlayingBe Un Confused
Expert: PV Subramanyam, Home Finance expert
Q: I have invested in SBI's fixed deposit scheme. I want to know if it's a good investment or not.
Answer: Bank deposits are not investments, they are saving products. They are safe but it is not profitable if you keep the money at the bank with less interest rate and borrow loan at a higher rate. You should break the deposits, minimize the borrowing value and but a property.
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