Explore With Raj Kumar Gupta

"Old HABITS DIE HARD"💀

The debate whether the Bank FDs are a prudent investment tool or not continues.💰

Change is the order of the day.🔃

The older generation continue to transform the Pseudo "SAFETY " & Guaranty concept of FDs to the newer generations.❎

Are you still using a typewriter or a landline phone or a bicycle/ scooter or a pager?❎

When you have completely transformed from these to better alternatives...
Then when why struck up with the bank FD concept?🧐

Specially when you have so many smarter choices Viz Mutual funds, art,precious metals etc (people are even risking with the crypto currency)🥰

Here is an eye opener data on Bank FDs...where we are heading?😗

FD Return Rate: 5.5%
Tax Rate : 30%
Post tax nominal returns rate: 3.85%
Inflation rate: 7%
Real return rate: (-)3.15%

This is the "Gauranteed Returns" which all Indians are getting.
We have currently 450L Cr in FDs in India .That means 5L Cr worth wealth is destroyed every year. 🥱

Do you agree to it?
What according to you is the possible way out?
Is it the right time to leave the die hard attitude and consider softer choices?

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www.explorewithrkgupta.wordpress.com

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