what do you think about it??

in #bank • 6 years ago (edited)

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Depositing money in Bank ? Profit or Loss?

           As you all know we generally deposit our savings in bank account and most of the banks give about 4% interest on it and 5-5.5 % on FD's ...so generally think that we are in profit  but do you know what is inflation rate in our country....It is about 8% ....so we are not in profit but in loss of about 4%..

so it is better to invest in LAND assets or other in other things which have very high returns in 1-3 years..

I hope you will be satisfied with my explanation.....THANK YOU...

#profit #loss #bitcoin #money
6 years ago in #bank by
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     6 years ago (edited)

    @anamika rather than putting my money into banks I would love to invest in crypto.

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     6 years ago 

    I hate bank. I'm hard beliver of cryptocurrency

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     6 years ago 

    Try to invest where you can get high returns with time...btc is also good but person should hold it tightly and shouldnot afraid with its small downfall

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     6 years ago (edited)

    hmmm........thats also right......

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     6 years ago 

    I think it is neither profit nor loss. It is just kind of safe keeping and also liquidation becomes easy.