Fixed Deposit 2024 | Mr. Sriram says that small finance banks offer more interest than other banks so is it safe to do FD in them.Similarly, some financial companies are also offering higher interest rates, for example in SBI it is 5% 6%, but they are small finance banks.Similarly, what are some financial companies doing.
That is to say that they are offering 9% 10% interest, it is not wrong to make an investment, but what will happen if Sriram’s bank goes bankrupt by mistake? Think you will make FD up to 10 lakhs 20 lakhs crores.
But if that bank is bankrupt then what is the situation, it is a small financial bank, not a nationalized bank, not a private bank, not a government bank, what is the situation of a small financial bank?
what is the situation of a small financial bank? | Fixed Deposit 2024
Fixed Deposit 2024 | Puts 5 lakhs only means for example you have deposited 20 lakh rupees and if by mistake that small financial bank goes bankrupt then you will get only 5 lakhs.That too, only if it is under RBI, if it is not under RBI, the money will not come, so before doing FD, it is very important to deposit only in good banks. Do not deposit in any bank.
Otherwise, I will take the risk, whatever you say, if you think that the interest should be high, there is no problem, because banks are not easy to go bankrupt.
Fixed Deposit 2024 | Why do you need to give up more interest? Yes, it’s like 5% 6% in SBI, but this small financial is getting low percentage, if it’s like that, but I don’t take risk, I don’t have all the capacity, I lost money due to the mistake of not taking risk. Don’t invest in such banks if you want to cry, I will take that risk.
I mean do I have risk taking capacity or plan in HDFC, SBI, ANDHRA BANK in normal bank it is very important.
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