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7 Best Short Term Investments With High Returns And Yields In India

Here are 7 short term investment ideas that have the potential to generate good high short term returns.

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There are no dearth of investment opportunities, when it comes to short term investment ideas in India. However, one is always looking for investments that give you high returns and yields in India. Some of these are taxable and you need to consider the tax liability as well. Here are 7 short term investments with high returns.

 

Airtel Bank Savings Account

Airtel Bank Savings Account

These days you do not get 7.25 per cent interest in bank fixed deposits, leave alone a savings bank account. Airtel Bank offers you an interest rate of 7.25 per cent, which is the best from a savings account. The interest earned up to Rs 10,000 is also tax free, which is another big positive. Airtel Bank account was recently launched and is among the few payment banks in the country. You get a personal accident insurance worth Rs 1 lakh and also easy deposit and withdrawal to the many Airtel networks in the country. Not a bad bet with the high interest rate. We say this is the best short investment with high yield in India simply because it gives you the best interest and you can withdraw your money anytime.

Other details about the Airtel savings account
 

Other details about the Airtel savings account

You can open the savings account through any of the airtel retail outlets. Initially, there is no ATM card that would be given. However, you can use the retail outlets to withdraw and deposit money. You can check your balance through the Airtel App or the IVR. Transferring money to friends and relatives is an easy process.

KTDFC Fixed Deposits

KTDFC Fixed Deposits

If you are looking for fixed deposits, with a one year time frame, go for the KTDFC fixed deposit. These offer you an interest rate of 8.50 per cent on a 1-year deposit. At the moment there is no institution or bank in the country that matches this kind of interest rate. In fact, the deposits of KTDFC are guaranteed by the government of Kerala, which makes them exceedingly safe for investment. We suggest that you go for these deposits as they are the best short term investment idea in India. If you are looking at a long term investment, the scheme also offers a similar interest rate of 8.5 per cent. So, even for a slightly long term perspective, it is not a bad idea.

IDFC Bank Savings Account

IDFC Bank Savings Account

Here again a savings account means you can withdraw the money anytime. In addition, you get benefits like free movie air tickets with the opening of the account, free access to any other bank ATMS in the country, free debit card and access to free domestic airport lounges worth Rs 1,000 per year. The interest on the savings account is 4 per cent, which is not great, but since it is a savings account and you you can withdraw the money anytime, this makes it among the best short term investment idea with high yield in the country.

Yes Bank Savings Account

Yes Bank Savings Account

This is another saving account that we are recommending for the simple reason that a savings account is the best short term investment idea, given the fact that you can withdraw your money anytime without any charges. The other reason is that with a six per cent interest rate, it remains the best in the business. Most banks are offering an interest rate of 4 per cent on savings bank account, but, Yes Bank offers an interest rate of 6 per cent, which makes it a good bet.

Union Bank of India short term fixed deposits

Union Bank of India short term fixed deposits

If you are ready to invest upto 6 months, this is the best fixed deposit for you, because there are very few banks in the country that are presently offering an interest rate of 7 per cent on six months deposit. This makes the Union Bank Fixed deposits among the best term investments with high yields. In fact, if you are investing up to 1 year as well, you can consider these fixed deposits, which give you 7 per cent interest rate.

RBL Bank Deposits

RBL Bank Deposits

Again, if you are looking at a very short term investment the 90-Day FDs of RBL Bank are not a bad investment. You get an interest rate of 7 per cent, which is pretty decent in a falling interest rate environment.

Story first published: Friday, February 3, 2017, 9:21 [IST]
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