If you want to invest 5 lakh rupees, what is the best option other than FD? If you invest money here, you will get more interest

RBI Floater Bonds: If you are looking for options other than FD for safe and high returns. Then invest in this place. On investing 5 lakh rupees, you will get more interest than FD.

Nowadays people are investing their money in different places so that they can get good returns and the risk is also less. On the other hand, if the amount is in lakhs, then it is important to choose the right option before investing. Most people choose fixed deposit for safe returns. But today there are many such investment options available. Which are not only safe. But can also give more interest than FD.

Before blocking the money for a long time, it would be beneficial to know in which place you will get more profit by investing money. If you invest in this place. Then you will get more interest than FD on 5 lakh rupees. Let us tell you where you have to invest for this.

This is where you will get more interest than FD

Most people invest money in FD to get more interest. But now there is another safe and beneficial option compared to this. That is RBI Floating Rate Savings Bond. These bonds are guaranteed by the government and the interest rate is reset every six months. This rate is fixed 0.35% higher than the current rate of NSC. Currently, about 8.05% annual interest is being received on it.

Which is currently more than the FD rate of most banks. Its duration is 7 years. And in this, interest is deposited directly in the account every six months. There is no minimum investment limit in this. If you invest Rs 5 lakh in RBI Floating Rate Savings. Then you will get more interest in it than FD.

This will be the difference in the interest of 5 lakh rupees

If you invest Rs 5 lakh in bank FD for 7 years. So, at an average interest rate of 6.5% per annum, you will get around Rs 32500 every year. On the other hand, if the same amount is invested in RBI Floating Rate Savings Bond, then at the current rate of 8.05% per annum, you will get an interest of around Rs 40250 per annum. That means you will get an additional profit of around Rs 7750 every year.

The interest rate on these bonds is fixed 0.35% higher than the NSC rate every six months. Due to which the returns can also increase if the rate increases in the future. Also, these bonds are guaranteed by the government. Which makes it as safe as FD.