How to earn more interest than Bank Fixed Deposits?

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12% Club by BharatPe offers a better investment option as it provides higher interest rates, flexibility, safety, easy withdrawal, daily interest and tax benefits.

Higher Interest Rates:

The 12% Club by Bharatpe offers high-interest rates of 12% compared to traditional bank fixed deposits which typically offer interest rates of around 6 to 7%.

Daily Interest:

Interest is credited to the account on daily basis by 12% club whereas bank FD would offer quarterly, semiannual or annual interest.

Liquidity: The 12% Club allows customers to withdraw their money at any time, whereas bank fixed deposits usually have penalties for early withdrawals.

Safety and Security: The 12% Club is backed by Bharatpe, a leading fintech company, which ensures the safety and security of customer's investments. It’s the company founded by the most famous shark of season 1 of Shark Tank and the author of famous book Doglapan, Ashneer Grover . But the man is not the CEO of the company as on date.

Convenience: The 12% Club can be easily accessed through BharatPe's mobile app, which allows customers to invest and withdraw money at any time.

Tax Benefits: The 12% Club by BharatPe doesn’t deduct TDS on interest as P2P lending companies are not required to do so whereas banks deduct TDS on interest at the rate of 10%.

Flexibility: With 12% Club by Bharatpe, you have the flexibility to invest in smaller denominations and withdraw your money at any time.

Let’s understand its positive & negative sides:

We know everything has positive and negative sides both.

If it has so many benefits, it must be having a dark side too.

Now, let's hear the dark side of the 12% club. It's a P2P lending company i.e., peer to peer lending company. This company is lending money to individuals or businesses through online platforms, without the involvement of traditional financial institutions. The main risk associated with P2P lending is the risk of default i.e., the borrower failing to repay the loan. This can lead to a loss of money deposited by investors.

Risk is associated with almost every sector.

But at the same time, you must also know that even bank deposits are also secured to the extent of Rs. 5 lacks only. This means, even bank deposits are subject to default risk.

?By the way, these P2P lending companies like 12% club by Bharatpe earn a very high rate of interest. They shall be profitable even if they have NPA’s as high as 10%. For those who don’t know, NPA means default loan amount.

?“Everything is a risk. Not doing anything is a risk. It’s up to you”?

Let me clarify, this is not a promotional newsletter, I personally use BharatPe to invest my money and hence shared. I have given the link in the description to signup for a Bharatpe account.

Yes, the given link is an affiliate link and when you signup through that link, Bharatpe rewards me with a very small token of appreciation in terms of money which is in fact immaterial to me.

Do not wait for it because it's worth it.

I have shared this only as an information and update on financial literacy in the capacity of educator.

Keep Learning, keep Earning!

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