Is it worth to keep money in savings account?
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I kept in my savings account for investment and other purposes but idfc and au both reduced their interest rates on savings to literally 3% below 5 lac so i have moved my money to kotak bank where active money features are available and in ICICI bank where increted sweep in deposit.I think is better than to directly keep money in savings account.
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https://www.desidime.com/comments/permalink/10398723
Invest in IPOs sips etc I am currently applying IPOs like Sme via sweeped money.
https://www.desidime.com/comments/permalink/10398579
FD interest has no tax benefit. Sweep out will break the FD so what is the point.
https://www.desidime.com/comments/permalink/10398668
sweep is kinda scam ,so stay away from, it only works if u don't use that money in sweep
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How long you want to keep that money in savings. AU is providing 8% interest rate on 18 months FD, why not choose to invest some amount in their FD? Or do you have any better investment options?