Hi Everyone,
I have 21L which is in the UK bank account currently. The money right now is in the savings account at 4.5% pa interest. But after April the savings rate will be 2.5%. I want to take that money out before 31st march in India. Currently I am in India.
My plan was to buy a small land in tier 4 village but as the prices are sky rocking right now for real estate it's not easy to found something.
I will transfer this money in my mother's account to save the tax as she is housewife. But where should I need to invest this money as I don't know right now. I don't want to loose the potential returns also I don't want to invest in the stock market as well to loose the money.