best Fixed deposit in india ?

[mastercheif]

Yeah bank manchi intrest isthundhi ? And american citizen fixed deposit cheyaccha ?

Kid perutho FD cheddamani

[SwamyRaRa]

You rich 

[mastercheif]

2 minutes ago, SwamyRaRa said:

You rich 

rich ayithey future gurunchi bhayam lekunda FD chese vadini kaadu man. 

[SwamyRaRa]

5 minutes ago, mastercheif said:

rich ayithey future gurunchi bhayam lekunda FD chese vadini kaadu man. 

[idibezwada]

Yes banklo vesthe regular daniki 6% istunnadu(Not FD)...Fd ante seniors citizenstho ninnu add chesi joint acctlo veste 9% daka vastadi..

[mastercheif]

LTT for experts

[kumar654]

USC peru meeda veyaku india lo, OCI status meeda eddam anukuntunnava.  NRE account open chesi FD cheyamantaru anukunta. USA lo aa interest amount report chesi dani meeda nuvvu tax kattali tax filing appudu since source of that money from you so interest on that amount comes under your interest amount.

interest vachina amount meeda 30% tax kattali USA lo. if that is ok then nee peru meedane NRE account open chesi andulo esuko. kid malli OCI avi thalanoppulenduku. Nuvvu USA lone settle avudam anukunte  Vanguard vadi daggara kids education ki evo plans untay dividend edo vastundi but FDs laga antha ekkuva interest radu.

 

asalu USA lo CD/FD laku interest enduku antha thakkuva pettalero no idea, india chala best FD chesukune vallaki.

[kumar654]

1 hour ago, idibezwada said:

Yes banklo vesthe regular daniki 6% istunnadu(Not FD)...Fd ante seniors citizenstho ninnu add chesi joint acctlo veste 9% daka vastadi..

alanti banks lo janalu dabbulu save chesukovalante bhayapadtaru kada man. edina Nationalised bank like SBI or other private banks like HDFC are safer.

[idibezwada]

2 minutes ago, kumar654 said:

alanti banks lo janalu dabbulu save chesukovalante bhayapadtaru kada man. edina Nationalised bank like SBI or other private banks like HDFC are safer.

YES bank is as safest HDFC...if ur thinking YES bank is thothapuri

[kumar654]

8 minutes ago, idibezwada said:

YES bank is as safest HDFC...if ur thinking YES bank is thothapuri

naku idea ledu bhayya ee bank so anduke ala anna.  ekkuvaga vinabadaledu ee peru.  

[Lukewalker]

upto $15k ayite ikkade US lo 5% interest rate iche savings account unnayi. PM me for info, they are FDIC insured savings accounts, so no worry there. 

if you want to withdraw from FD(from India) to use that money at  a later date, due to inflation and dollar exchange rate and hidden fees for transfer you will lose money. it's better to save here in those 5% interest rates savings accounts. I did the same after researching. 

[Lukewalker]

11 minutes ago, papampasivadu said:

In any economy, FD rates will be directly proportional to loan interest rates bhayya...ikkada loan APR's kuda takkuva ee ga India toh polchukunte...

mana daggara oka crazy proposal undhi, experts vini opinion cheppandi:

 

US lo 100k personal loan teeskunna...let's say 7.5% ki...Paina Bezawada bhayya cheppinatlu parents toh joint acc open chesa 9% interest ki...

ante 2.5% profit ee ga? 2.5% ante 30% tax poga $1750...family unte yearly round trip cover aypoyinnatle...

 

ela undhi ee chillar idea?? plz advice...

 

 

this is when you consider dollar to rupee exchange rate is constant, atu itu ayite big biscuit. 

but just for $1750 per year, intha complicated thing endhuku mama. 

[mastercheif]

19 minutes ago, papampasivadu said:

Great point...rupee value will play a role...but aa matram risk teeskodam lo thappu ledhu emo bhayya...mariiii risk free business em untayy cheppu...

 

Idhi complicated antunnav ante nee mind lo inkemanna simple ideas unnaya? unte share cheyy bhayya plzz..

$100,000 load with $1740 for a year sound like low profit and hight risk

[Kalam_Youtheman]

1 hour ago, Lukewalker said:

upto $15k ayite ikkade US lo 5% interest rate iche savings account unnayi. PM me for info, they are FDIC insured savings accounts, so no worry there. 

if you want to withdraw from FD(from India) to use that money at  a later date, due to inflation and dollar exchange rate and hidden fees for transfer you will lose money. it's better to save here in those 5% interest rates savings accounts. I did the same after researching. 

per year ah bhayya ?   aithe waste a ga

 

adhe money india lo mana parents paina chesi manam nominee unte chaala  vasthundhi

[Lukewalker]

1 hour ago, Kalam_Youtheman said:

per year ah bhayya ?   aithe waste a ga

 

adhe money india lo mana parents paina chesi manam nominee unte chaala  vasthundhi

sending money to India is super easy, malli aa money back ki tevali ante fees untayi kadha, plus India lo money unchite dollar rate batti, inflation batti value undadhu. 

If you refer to nerdwallet or doc of credit posts, they say that FDs in India which yeild 9% interest rate is valued at 1,25% savings account here in US considering inflation and dollar rate fluctuations, IF you want to settle here and spend that money here. If you want to move back to India, lands konukkotam, FDs etc are good.