State Bank of India and Bank of Baroda has reduced interest rate on its savings bank account to a paltry 3.5% per annum. If you have a savings bank account with either of these banks, you must be wondering what to do next?
Well, you have now more reasons to keep your money in liquid mutual funds which are completely safe and secure & you can earn 7% – 9%* interest per annum on them, while you earn interest daily on these funds there is no lock-in i.e. you can withdraw your money anytime instantly! Min. amount you need to start off is only Rs. 500.
Here is a news article from Hindustan Times which is suggesting the same for state bank account users: SBI cuts savings account rate: What does this mean for you – Hindustan Times?
Also, many more retail investors like you are now choosing to keep their money in liquid funds rather than keeping idle in bank accounts – here’s an article from Economic Times mentioning that – Retail Investors shifting to liquid funds – Economic Times.
With FinoZen you can invest in liquid funds on a click of a button. You can start with as low as Rs. 500 and keep your money for as low as just 1 day!
FinoZen is currently being used and trusted by 68,000+ registered users.
Following are the advantages of FinoZen over Savings Bank Account –