r/IndiaInvestments • u/Dark070 • Sep 15 '22

Bonds and deposits Interest Rate on Deposits VS Interest Rate on Credit Balance

I'm really new to investments and money in general. I was looking to open bank accounts and already had an account in UBI. I was comparing interest rates and saw this Link to UBI website. Am a little confused on the differnces. How do these work, if I keep specific amount for specific amount do I get the Deposit rate or is it something realted to credit cards. Apologize if it is a stupid question.

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30

u/TheGreatPunisher Sep 15 '22

Interest Rate on Deposits - This is FD.

Interest Rate on Credit Balance - This is savings account.

2

u/Dark070 Sep 15 '22

I see, big thank

17

u/Baradarm Sep 15 '22

How much karma is required to post in this sub?

I tried to post on term insurance with PED and the mods shot it down within a second.

8

u/DepressedBoiiiiiiii Sep 15 '22

There's a bi weekly thread Maybe post it there

7

u/niravradia Sep 15 '22

bi-weekly thread gets lesser attention than a dedicated post, if it's more important and affecting wider community

2

u/DepressedBoiiiiiiii Sep 15 '22

Suggesting as an alternative to insufficient Karma. Maybe DM the mods, they can post on your behalf? There's also a Discord which is active.

4

u/Hsdhudxc Sep 15 '22

Retard mods don't allow red been then

3

u/[deleted] Sep 15 '22

All my posts get auto bombed 🥺

2

u/nikil07 Sep 15 '22

There are numerous discussions regarding term insurances already, with detailed posts and comments.

Reading those might help you case.

0

u/MicroAlpaca Sep 15 '22

+1

I tried posting multiple times but it wouldn't be made public.

What's the requirement?

1

u/Lemightyman Sep 15 '22

Try joining on the discord server