Money idling in bank account? Here’s what you can do instead
- Babar Zaidi
- TIMESOFINDIA.COM Dec 30, 2022, 01:30 IST IST
Do you keep a large sum of money in your savings bank account? Banks offer very little interest (3-4%) on the balance. Some banks do offer 6-7%, but that is only if you maintain a very high, six-figure balance in the account.
Money idling in your bank account may be very safe and earn assured interest that is exempt from tax, but you miss out on the opportunity to earn higher returns and create wealth, especially at this time when the markets are booming and banks have hiked interest rates.
Money idling in your bank account may be very safe and earn assured interest that is exempt from tax, but you miss out on the opportunity to earn higher returns and create wealth, especially at this time when the markets are booming and banks have hiked interest rates.
