Passive Income for parents

[JohnSnow]

5 minutes ago, SnehamKosam said:

Hmm.. adhi kuda commercial bit aithe ne.. 

True. Residential aithe em raavu malli. Lucky ga I have them, andhuke aa context lo cheppa

[JonSnowUSA]

On 9/9/2019 at 9:40 PM, chicagoafdb said:

Amaravathi done deal..fact freind got apt for 80 lacs now he is crying..lost capital image now it's like h1b situation..lot of uncertainty at capital..

Koncham situation ki sensible suggestion ivvu bro..

Apt 80 lakhs aa akkada.. emundani konnadu saami akkada.. 

[chicagoafdb]

39 minutes ago, JonSnowUSA said:

Apt 80 lakhs aa akkada.. emundani konnadu saami akkada.. 

Ippudu same feeling..apts in even tier 2 towns are min 50 lacs..I am talking Abt AP tier 2..not sure Abt telengana tier 2..

[chicagoafdb]

1 hour ago, linksys23 said:

Post office lo FD tisuko..tats the best thing u can do

Ok will explore..but u cannot do much there is limitation like 15 lacs I think..

[kuduvu]

1 hour ago, JohnSnow said:

True. Residential aithe em raavu malli. Lucky ga I have them, andhuke aa context lo cheppa

nenu adhe planning lo unna...residential bits oka 1 or 2 ammesi (chinnavi le avi) which are 150-200 sq yards in suburban hyd .....main road ki unna commercial bit unte konalani plan....or already constructed complex undi rents vachedi unte best......

[Gaali_Gottam_Govinda]

3 hours ago, user789 said:

not everywhere...its usually 7%

ICICI NRE is 6% only kada

Agreed, not everywhere but there are many options around 8%

 

https://www.paisabazaar.com/fixed-deposit/best-fixed-deposit-interest-rates-in-2019-for-indian-citizens/

Best Fixed Deposit Interest Rates for Top Banks

Bank	Best Fixed Deposit Interest Rates* (in % p.a.) – 1 year		3 years		5 years
	Regular Citizens	Senior Citizens	Regular Citizens	Senior Citizens	Regular Citizens	Senior Citizens
IndusInd Bank	7.50%	8.00%	7.35%	7.85%	7.50%	8.00%
DCB Bank	7.00%	7.50%	8.25%	8.75%	7.75%	8.25%
Kotak Mahindra Bank	6.75%	7.25%	6.75%	7.25%	6.25%	6.75%
YES Bank	7.25%	7.75%	7.25%	7.75%	7.25%	7.75%
ICICI Bank	6.70%	7.20%	7.10%	7.60%	7.00%	7.50%
HDFC Bank	7.10%	7.60%	7.10%	7.60%	7.00%	7.50%
SBI	6.70%	7.20%	6.25%	6.75%	6.25%	6.75%
RBL Bank	7.90%	8.40%	7.60%	8.10%	7.60%	8.10%
Axis Bank	7.10%	7.75%	7.25%	7.75%	7.00%	7.50%
DBS	7.50%	7.50%	7.00%	7.00%	7.00%	7.00%
IDFC First Bank	8.00%	8.50%	7.50%	8.00%	7.50%	8.00%
Bandhan Bank	7.35%	8.10%	7.65%	8.40%	7.65%	8.40%
Canara Bank	6.50%	7.00%	6.25%	6.75%	6.25%	6.75%
Federal Bank	7.20%	7.70%	7.25%	7.75%	7.25%	7.75%
OBC	6.85%	7.35%	6.70%	7.20%	6.75%	7.25%
Bank of Baroda	6.45%	6.95%	6.45%	6.95%	6.25%	6.75%
Lakshmi Vilas Bank	7.75%	8.35%	7.85%	8.45%	7.85%	8.45%

 

[JohnSnow]

1 hour ago, kuduvu said:

nenu adhe planning lo unna...residential bits oka 1 or 2 ammesi (chinnavi le avi) which are 150-200 sq yards in suburban hyd .....main road ki unna commercial bit unte konalani plan....or already constructed complex undi rents vachedi unte best......

Good luck

[shamsher_007]

hyd lo manchi land unte lease ki ichesthe ayipoddi ga. easily oka lakaram vasthundi 

[neethy]

brother, talk to a good senior LIC agent, good reputed one. there are good LIC policies which are single payment. they will cover health coverage regular checkups, provide monthly or quarterly interests also. The interest will be better than bank FDs. LIC will never go wrong, its time tested investment for any Indian. good luck !!

[chicagoafdb]

2 hours ago, neethy said:

brother, talk to a good senior LIC agent, good reputed one. there are good LIC policies which are single payment. they will cover health coverage regular checkups, provide monthly or quarterly interests also. The interest will be better than bank FDs. LIC will never go wrong, its time tested investment for any Indian. good luck !!

Thanks bro good info..looking for this kind of options..