ICICI Bank Money Multiplier Plan Review | How to Invest Emergency Funds on Fixed Deposit (FD) Rates
Вставка
- Опубліковано 15 вер 2024
- Checkout this Video to know about ICICI Bank Money Multiplier Plan Review | How to Invest Emergency Funds on Fixed Deposit (FD) Rates
icici bank money multiplier fixed deposit
icici bank money multiplier plan review
icici bank money multiplier review
Better than Liquid Funds
emergency funds
How to Invest Emergency Funds with Fixed Deposit
Is the interest calculated monthly or yearly? Reason I ask is if we withdraw the money before completing a year, then we might miss out on FD interest and SB interest
Hi. Very nice video. Thank you!
But ek question - if we have linked fd option then why do we need regular fd? Because rate of interest toh same hi h. Toh regular fd koi krega hi kyu
Regular fd promotes good savings habit.
1. Unlike this linked fd, the money in regular fd won't get auto reverse sweeped. Helps in keeping expenditure in check.
2. Premature withdrawal from regular fd incurs penalty.
Both the above features deters one from affecting their savings money, so that savings amount is safe.
@@abhinavsingh7146 here also if balance goes down below 10k assume ur account has 9k then 1k auto sweep of amount happends from fd with some charges and amount get added to savings account. ( we should know chargs then my comment is good)
Is there any penalty clause in money multiplier..??
जैसा आपने बताया कि Linking FD में से 5000 शॉर्ट होने पर कोई भी चार्ज नहीं लगेगा,
यदि FD 5% 1 साल की है, लेकिन जब शॉर्ट होगी, अगर उस अवधि तक 3% का इंटरेस्ट है तो इंटरेस्ट 1% पैनाल्टी कट कर 2% से मिलेगा या पूरा 3% ।
जवाब जरूर देना ।
Very useful information. Thanks
How does emi transactions works if we invest all >10k savings account money in money multiplier plan?
Galat info mat de Bhai..penalty hota hai...tujhe pata nahi hai toh bakwas na kar... research karke fir video bana bhai
Bro, please make video on same topic in imobile app.....
Bhai apka naya channel apne bataya bhi nhi....Thanks for Valuable information....
Sid bhai apne pucha hi nahi :) thanks stay subscribe
Nicely explained. Can you throw some light on taxes?
Aise hi nayi paise badhane ke tarike bataye, please
After using balance can i add it to linked fd ?
Like i created fd of 10000 and i used 5000 and after some days i got 5000 now my balance is 10000 then on what amount i will get interest 10k or 5k ?
US stocks main invest karne pe tax konse and kaise lagenge and ITR wagera main kya extra bharna padega with other forms.
jaldi aa rha hai video uspe jatin bhai..
What are the Charges for each withdrawal, premature withdrawal, and any other hidden charges?
my account balance went in negative but the linked fd did not got broke. Now I am paying penalty for minimum balance violation. Half info provided.
contact to theri customer care. its not happen. linked fd automatically broke and complete your minim balance requirements .. but if its not enough then bank can charge penalty on the same.
Exactly. Balance is going negative with this.
@Pankaj Jain How much did they deduct for negative balance ?
Were you able to close your Linked FD from branch ?
They only have option on auto renewal on maturity option for these fd :(. What to do?
How we recieve dividend from US stock or us ETF
yes.. its credit in US Wallet
How they will get to know that I want to keep 50K in my account and rest amount should always go to the FD?
thanks bro good information
Prematurity ka ek percent charge karta hai kya ?
Is autosweep works in current account?
How does it work? If I enter 5,000 for 1 year. Will 5000 get transferred to money multiplier every month till I stop it?
The Saving Account shows negative Balance when more money is transferred after Linked FD creation . Is that a concern or it will be handled automatically after some days ?
Same question
Sir, is your ploblem solved?
@@hemantgupta239 i added balance to make it positive, went to bank, unlinked fd from savings account and closed the FD
@@hemantgupta239 Hi, what was the problem, can i know?
Agar maine us fd se paise use kr liye aur firse bhara hi nahi to kya honga
I think your definition is wrong.
Swipe In: When money moved from FD to Saving account
Swipe out: When Money move from Saving to FD account
Bhai khud confused hai
What if I have 10k in my icici bank account and create the linked FD with that amount. Does it lead to a minimum balance penalty?
no penalty
yes, it does!! linked fd amount is not considered in minimum balance calculation
@@pankajjain2050 doesnt bank auto sweep required money from FD to savings to maintain minimum balance?
How can I download mony multiplayer linked FD advice online
Sir aur ye jo interest milega vo kese milega monthly ya annually
Time period if u withdraw before one year tenure is one year
तुरंत fd तोड़ने पर कोई चार्जेस भी लगते हैं क्या
या फिर कोई इंटरेस्ट नहीं मिलता उतने अमाउंट ka
nahi
Suppose I am having 10k in my account.5k linked fd main add karta hun......After some days I need 10k from my account. Que---1. Can I directly transfer 10k from icici bank to another bank upi.2.If point 1 is complete then the current balance is 0 in my acc. After some days if I add 10k again in my acc. Will it automatically create linked FD again!??
1) yes its debited 2) No. you ned to creat manual linking fd.. In sweep in option uts auto create
@@WealthDekho also there is no penalty charges when I will break it.The interest rate will be provided based on bank interest rates tenor slabs.Am I right!?
@@rounak308 right
First the minimum has to be above 10k to create linked fd, so for creating 5k fd, you will need 15k in your account. you have the option to liquidate the fd automatically but it will incur a penalty of 1%
Reverse sweep out have penalty?
How to do via imobile app ??
what about tax on Money Multiplier Plan?
So what's the difference? Any downside of auto sweepin?
no downside.. you can create manual fd and break anytime without charge
Can I give instructions to create FD for 5k every month?
Yes, please
Sir iMobile me nhi aaraha hai ye auksan
Is fd me apna pesa kisi or ke a/c me jata he kya
ha jata hai.. jb chahe tb use karo
HDFC mein kaise karein?
www.hdfcbank.com/personal/save/accounts/savings-accounts/money-maximizer
@@WealthDekho Dev not at all understandable it will b better if u make a video on Hdfc bank also please
@@dhrumilpatel7450 each bank have different process. or you can simply call to customer and ask them to create a linking FD,, they will do that on individual accounts
@@WealthDekho ok thank u
auto sweep facility icici bank me kaise activate kare
call cc
Auto Sweep is not available in ICICI
@rishab Sharma auto sweep reverse have penalty?...can you tell in short?
Full information to di hi nhi bhai ager hum amount ko time pehle nikalte hein to 1% amount less hoga interest mein se
nahi hoga
@@WealthDekho 1% penalty applicable hoti hai
*Premature withdrawal is there bro, 0.5-1%* please confirm.
yeah on the website it says there will be a penalty on each sweep out. But I wonder will it be on the total fd amount or the amount which came out of the fd. They never mentioned the base for calculation.
@@SahilZambani Yes, its a trap.
@@SahilZambani 1% will be charged on the interest accrued on the Withdrawal amount, there is no deduction on principal amount
no penalty.. and even if its arise then its on interest
@@WealthDekho there is penality of premature withdrawal, read this on website (money Multiplier->Benefits and Feature Cards-> Maximum Liquidity)------->.The amount reverse swept will earn an interest at the applicable rate for the period that the deposit was held with the Bank, less the applicable premature withdrawal penalty
Sbi me ye kese kare sir!?
sbi me Multi Option Deposit Scheme bolte hai shayd ise.. Check kariye ek bar net banking me mil jayegi
Bhai is fd me pesa kisi or ke name tansfar ho jata he kya
There is premature withdrawal there on this flexi-fds as per bank website. Confirm plz.
yes
Online it does not allow premature withdrawl option
@@bksharif i get an option of close fd in icici money multiplier fd
😅