Nre Accounts Suggestion

[pjung88]

Friends - 

 

planning to open NRE  FIXED DEPOSIT account in India. Interest rates almost 8.00-9.00% unnayi kanni US lo CD athie only 0.02%. interest rate of intha difference endhuku?? not sure if there's any caveats with 8.00-9.00% interest  rates(other than voiding the maturity period).

 

For understanding - 9.00% @5,00,000INR - annual interest - 45,000 INR per year. Is this correct? na main doubt emiti ante - us lo CD's ki - india lo NRE A/C's interest rate chala differerence undhi- do not know why??

 

Also, NRE Accounts - konni banks - maturity period less than 2 yrs term athie 8.75% and more than 2 yrs athie 8.5% interest rate?? maturity period ekkuava unte, i thought, interest rate more undali ga(because banks can make more money)?? not sure on the logic here? ..

 

 

mee lo evarinna NRE accounts unte.. please advice. thank you

[Iphone6]

ltt

[graham]

very good post. interest rates US lo enduku takkuvano teleedu, net lo chadavali but india accounts lo aithe parents 60+ aithe valla account lo fixed deposit cheste inka ekkuva interest rate vastundi above 9% for senior citizens.

[pjung88]

very good post. interest rates US lo enduku takkuvano teleedu, net lo chadavali but india accounts lo aithe parents 60+ aithe valla account lo fixed deposit cheste inka ekkuva interest rate vastundi above 9% for senior citizens.

 

yeah - senior citizens ki koncham ekkuava undhi.. also, just as an example  : 45 Lakhs NRE FD chesthe, with 9.00% interest, year ki approx ga 4 Lakhs vasthayi...kani chala mandhi 45 Lakhs unte, they prefer to buy an apt and rent it and with 15,000 rent  per month - we only get 1,80,000 INR plus apt maintence expense (of course inka chala considerations untayi).

 

But overall, 45 Lakhs investment unte, FD with 9.00% interest rates looks better option then buying a house and renting.  again, not sure if I am missing any point.....evarikianna telisthe  pls advice cheyandi

[dkchinnari]

yeah - senior citizens ki koncham ekkuava undhi.. also, just as an example  : 45 Lakhs NRE FD chesthe, with 9.00% interest, year ki approx ga 4 Lakhs vasthayi...kani chala mandhi 45 Lakhs unte, they prefer to buy an apt and rent it and with 15,000 rent  per month - we only get 1,80,000 INR plus apt maintence expense (of course inka chala considerations untayi).

 

But overall, 45 Lakhs investment unte, FD with 9.00% interest rates looks better option then buying a house and renting.  again, not sure if I am missing any point.....evarikianna telisthe  pls advice cheyandi

45 lakhs net cash unte why to buy apt...land konu.. future lo increase avuthundhi kadhaa...

[graham]

yeah - senior citizens ki koncham ekkuava undhi.. also, just as an example  : 45 Lakhs NRE FD chesthe, with 9.00% interest, year ki approx ga 4 Lakhs vasthayi...kani chala mandhi 45 Lakhs unte, they prefer to buy an apt and rent it and with 15,000 rent  per month - we only get 1,80,000 INR plus apt maintence expense (of course inka chala considerations untayi).

 

But overall, 45 Lakhs investment unte, FD with 9.00% interest rates looks better option then buying a house and renting.  again, not sure if I am missing any point.....evarikianna telisthe  pls advice cheyandi

 

yes 45 lakhs unte FD cheste interest rate ekkuva...per year compared to buying and renting an apartment. it is totally an individual's decision. apartment kone vallu apartment rate appreciate autundi anna hope lo kontaru..for ex: oka 10 years lo double kuda avvachu anukuntaru..inkotha mandiki apartment edaina deal lo vaste koni pettukuntaru, rather than putting all eggs in one basket (all money in FD)..

kontha mandi motham FD chesi itnerest chaalu anukuntaru...

 

in these cases, no option is good or bad..it totally depends on your situations your plans etc.. andarni follow avvalani ledu.. ne life lo ne necessities ni batti u can invest... but in general it's not recommended to put all your eggs in one basket..

[pjung88]

45 lakhs net cash unte why to buy apt...land konu.. future lo increase avuthundhi kadhaa...

 

haha.. 45 lakhs cash ledhu.. edho example ga cheppa anthe...naaku FD ki 9% interest rate untundi anni teliyadu..  koncham suprise ayya .. andhuku double check chesthunna...

 

yeah, land is a good choice provided you have good support to protect it, in case if gets hot

[BhagatSingh]

very good post. interest rates US lo enduku takkuvano teleedu, net lo chadavali but india accounts lo aithe parents 60+ aithe valla account lo fixed deposit cheste inka ekkuva interest rate vastundi above 9% for senior citizens.

 

yeah ikkada interest kaneesam 4% ichhina .. mana vallu koncham transfers thaggincheyvaru

[pjung88]

yes 45 lakhs unte FD cheste interest rate ekkuva...per year compared to buying and renting an apartment. it is totally an individual's decision. apartment kone vallu apartment rate appreciate autundi anna hope lo kontaru..for ex: oka 10 years lo double kuda avvachu anukuntaru..inkotha mandiki apartment edaina deal lo vaste koni pettukuntaru, rather than putting all eggs in one basket (all money in FD)..

kontha mandi motham FD chesi itnerest chaalu anukuntaru...

 

in these cases, no option is good or bad..it totally depends on your situations your plans etc.. andarni follow avvalani ledu.. ne life lo ne necessities ni batti u can invest... but in general it's not recommended to put all your eggs in one basket..

 

45 lakhs cash levu bro.. just example iccha...not real... naku NRE FD ki 9% interest untundhi anni teliyadhu...ninna urike NRE FD chusthe, i was pleasantly surprised....

 

9% interest rate for FD with maturity period of 365 days looks good option for any one who has some money but do not know what to do yet, considering that you are getting good yield and safe  investment, with small maturity period, your money is not really locked.

 

Yeah, you are very true, it completely depends one's plans and siutation. 

[MeetFriendz]

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