Sir,what is the best secured return where i get monthly pay out into my account for an amount of say 28 lakhs. Can i choose Sriram unnati Fixed deposit (non banking) @ 8.05% for 36 months or FD of Canara bank @ 7.44 % for 444 days. Presently, i am getting 6.88% only in SBI FD Also, if i get some money of say 70 lakh from sale of land, where should i secure invest for the security of my family, where they get recurring income every month with best return.

Ans: Choosing between the Sriram Unnati Fixed Deposit and Canara Bank FD depends on your priorities and risk tolerance:

Sriram Unnati Fixed Deposit: Offers a higher interest rate of 8.05% for 36 months. It provides a relatively higher return but may involve higher risk compared to bank FDs due to being a non-banking institution. You need to ensure thoroughly and research the credibility, repaying capacity and reputation of Sriram Unnati before investing.

Canara Bank FD: Offers a lower interest rate of 7.44% for 444 days but is backed by the safety and security of a nationalized bank. It provides relatively lower returns but offers greater safety and stability.
For the lump sum amount from the sale of land, consider a diversified approach:

Debt Funds: Invest a portion in debt mutual funds, which offer relatively higher returns than traditional bank FDs while maintaining liquidity and stability.

Systematic Withdrawal Plan (SWP): Invest in a mix of debt funds or balanced funds and set up an SWP to receive regular monthly income. This provides flexibility and potentially higher returns than FDs.
Consult with a financial advisor to assess your risk tolerance, financial goals, and investment horizon before making any investment decisions. They can provide personalized recommendations tailored to your needs and help you build a diversified investment portfolio.