Therefore, what is the optimal choice for an investment that can significantly enhance your savings value? The ideal alternative is to invest in equities using an ICICI direct Demat account. These returns are not attractive since the amount is little and the full money is frozen for the duration, making them solely beneficial to the bank or financial organization. For instance, if a bank offers you an interest rate of about 6-7 percent, you would earn approximately 6-7 thousand rupees per year on Rs 1,00,000, or approximately Rs 583/month over a lakh rupee. While they are one of the safest and most secure types of investing, the rate of return is the lowest ever. ![]() ![]() They have historically been one of the most common methods of investment through banks. For instance, one of the most popular and long-standing investment vehicles available to Indians is Fixed Deposits or FDs. ![]() However, not all investment alternatives are created equal, and most of them take time to generate a profit. Everyone is seeking an investing strategy that will provide the best potential profits in the shortest amount of time. This article will guide you on how you can open 3 in 1 demat account in ICICI. ![]() While there are several investment opportunities in the Indian market, only a select handful can generate a sufficient profit for customers.
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