The difficulty in finding a suitable fixed income product has increased ever since key interest rates were lowered by the Reserve Bank of India. Except for high yield options available only to senior citizens and minor daughters, there are very few products offering nearly 8% return per annum. Ideally then, we decided to search and compile a list of various fixed income products offering high interest rate. We have considered the maximum investment term for the product as five years, and excluded products available only to specific age groups. Also, the deposit amount required for investment is less than 2 crores. Here are the options: Post office and Government Sponsored Schemes Most government schemes tend to be long term, of more than five years. The returns, too, are fixed and low for investing for such a long period. Among the few short-term options, the returns barely touched 8%. However, these deposits come with a sovereign guarantee, which makes them safe f...
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