Chief
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Rising Star
Rising Star
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Chief
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Yes it is safe to book FD through app Or netbanking. You can book Health Cover FD and other Normal Fds through the same..
Rising Star
Lo HDFC khud aa gya
It's safe just be careful of the tenure and other stuff while booking.
Safe hai
It is safe. Ensure that you select the right option of what happens on maturity (re-investment or something else). You can easily close the FD for online mode; no hassles, complete convenience.
100% Safe
Pro
FD is safe until bank is safe.now days banks and financial Institutions are struggling. So avoid to put more than 5L in one bank irrespective of big name Or brand.
Go and put your money in govt post office for FD and it's fully safe as it's 100% govt entity. Here govt is fully liable in legal terms as well. Post office gives more interest on FD.
All banks deposits are partially safe. Suppose you have 50L in bank. RBL deposit link insurance will give you max 5L only if your bank failed.
Now I am giving you more insight in financial world and it's history.
In history many times banks and banking system collapsed i.e. 1929, 2008 etc. In 1929 American banking system collapsed coz people were always suspicious about banking, to bring trust in banking that's why govt started with deposits security insurance. It's cant give you 100% security and still it's insurance, bank depositors are at lowest priority when there is bankruptcy settlement.
So during financial turbulence become more vigilant, it's not negativity.
Most of people have blind believe in govt and financial institutions which is bad for common people. You will not get real reasons in google search or in news, coz it's all controlled. 2008 recession was caused by bankers and thier greed, so they bundled insurance with safe debt investment i.e. FD and named it CDO, sold CDO to common people saying that it's new investment option similar to FD and it's safe as FD. So 2008 was not subprime financial crisis, it was CDO financial crisis. This was happened very big coz banks were giving insane commission on CDOs sell. It's just 1 example and many more are there.
I am engineer by professional but i am learning more about banking, banks, investment, money and it's history and scams etc. Since 2015, I watched so many financial shows, documentaries from different investor or independent researchers then I came to know about this which I tried to explain there in short.
I would say similar things are still happening in financial world, bankers general give ULIP, or endowment /Insurance saying that's it's FD, coz they get huge commission on these sells, and it's mostly happens with people who are less financial aware or blind trust in their bankers/RM irrespective of their degree. All this happening coz bank wants to increase their sales/revenues to justify bank's market valuation to it's investors.
Govt cant stop this by just making rules, coz people lacks financial knowledge thats why now govt sends sms, run aids to make us financial aware. So do your part by becoming financial aware citizen. 😇
No one is bad or good, sab apni majburi ke aage hare hai.
Door to explore real financial world.
https://youtu.be/iQapdnQIxmU
https://youtu.be/DyV0OfU3-FU
https://youtu.be/wsTLVCGwuDY
Rising Star
Hold on, no one ever said credit default swaps were safe when they being sold since late 80s. Also swaps were not sold to common people. It was a subprime crisis. Your source is some YouTube speculated videos. Talk to traders who actually bought and sold these securities. I have worked in derivatives operations for years and have seen the leverage the desks had.
Chief
Ok thanks guys
Pro
It's safe...
Go with Bank of India. Have highest FD rate at the moment