Indian Stock Market and Mutual Funds

[EHH]

Need


Ok so recommendation is that it is ok to go to small finance banks etc. which give 1% to 1.5% higher interest until I make sure that the total loan + (potential) interest doesn't cross 5L.

3 holders can go up to a total of 75L with various permutations.

 

[raksrules]

3 holders can go upto 75L with various permutations.

Sorry I don't get it. Also I have 11L total to be invested so by the logic I mentioned, I can invest in 3 different banks using stable money app or so.

 

[EHH]

Sorry I don't get it. Also I have 11L total to be invested so by the logic I mentioned, I can invest in 3 different banks using stable money app or so.

https://www.rbi.org.in/Commonman/English/Scripts/FAQs.aspx?Id=272 A,B,C 3 holders make a permutation of 15 accounts of 5 Lakhs each = 75 Lakhs in a bank.