How safe is a fixed deposit investment in State Bank of India?
State Bank is paying less interest on fixed deposits , while its subsidiaries are paying more interest such as state bank of Bikaner and Jaipur. What is the difference as regards the safety of the fixed deposits. Are they both Nationalised banks?
- 1 decade agoFavorite Answer
It is safe as far as I calculate.SBI is a strong bank with hidden assets.It has very good business of the Govt and big oil corporations.
It is capitalised adequately.RBI has ownership.Deposit insurance cover is also available.
But the Finance minister and congress are trying to to play the write-off game and waiver game which has harmed the bank very much.This waiver of loans game has harmed all the banks particularly PSU Banks.
Keep deposits in as many banks as possible.It is legally correct. And spreaeep more deposits in the name of Senior citizens in SBI and post offices upto the allowed limits.Source(s): Financial professional who knows SBI closely.
- Anonymous6 years ago
100% Safe Investment
100% safe investment shall be in the following order, you can blindly invest in these five categories:
2. BANK'S FIXED DEPOSIT
3. TERM INSURANCE/ MEDICLAIM (FOR RISK COVERAGE IMPORTANT)
5. POST OFFICE MIS/RD SCHEME
Some people have risk appetite more than others. They can experiment following investment procedure in small part of their Capital. After successful return you can enhance your exposure, but entire saving should not be invested in this type of investment. Althoug you will get agreement and Security Cheque, still you have to think twice before investing:
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- Bert & ErnieLv 41 decade ago
About as safe as unprotected sex with George Michael.