Where to Invest 1 lac?

Suppose if i have a sum of 1 lac for a period of two months please suggest me which is the best place to invest it considering the security and rate of interest on it

1 Answer

? Favorite Answer

  • 2 months is simply too short a period to invest your money in the stock market, precious metals or similar investments, because your capital may be much less two months from now than you invest today. Invest in a high interest short term CD as your only alternative and you will earn interest at the rate of about 7% annually on a 2 month term. Here is a sample of such an investment and a list of reputable and established banks with links to their websites for current interest rates:

    https://www.centralbankofindia.co.in/site/Interest…

    http://www.onemint.com/29/07/03/bank-interest-ra…

  • Leave a Comment