Investing in the stock market is definitely risky, but if you are ready to take the risk, you can become a millionaire from a millionaire in a matter of months or years.
Punjab and Sind Bank’s share became a multibagger return machine, converted Rs 1 lakh to Rs 2.42 lakh in 1 month
If you keep your money in a bank for a fixed deposit of 7 to 30 days, then you will get a maximum return of three and a half percent. Means your one lakh rupees will become 103500 rupees after one month. There is no scope to reduce it. But, if you had invested one lakh rupees in the shares of these banks a month ago, then your money would have gone up to two and a half lakhs.
Bank FD Vs Bank Equity
Here is a comparison of one month returns of shares and FDs of some public sector banks. In this, UCO Bank is paying 2.9 percent interest on fixed deposits for 7 to 29 days, while the same bank’s shares have given a return of 145 percent in a month.
Similarly, the Central Bank of India has given a return of 76 per cent to its equity investors during this period, while 3.25 per cent on FDs. State Bank of India has given equal returns in both.
Money raining from this government bank, investment doubled in a month
Return on Bank Shares , Return on Fixed Deposit
- UCO Bank 145% 2.9%
- Central Bank 76% 3.25%
- Indian Bank 10.68% 2.80%
- Indian Overseas Bank 77.58% 3.25%
- Punjab National Bank 38% 3.50%
- State Bank 3.00% 3.00%
Before investing money in shares, you must keep in mind that it is not necessary that this money will always increase. Your money can also get drowned, but far from drowning in fixed deposits, you will also get interest.