Options for putting aside some $$ for buying RE in India 1+ year later

song__1766 · Post by **song__1766** » Tue Mar 30, 2010 8:05 pm

Hello,
If I have some $$ that I want to use to buy a home in India 1-2 years from now, what are the options for saving that money during that time? Since the funds will be earmarked for buying in the near term, I think I should consider only low risk options. US rates for an FD will be low. What about transferring to India and putting in a CD there? Please provide recommendations. Thank you

song__1766 · Post by **song__1766** » Thu Apr 01, 2010 3:14 am

Please help with your opinion!

deeppurple · Post by **deeppurple** » Thu Apr 01, 2010 3:58 am

how about VBIIX (vanguard intermediate term bonds) -- less risk and decent rewards

youngmom · Post by **youngmom** » Fri Apr 02, 2010 4:55 am

FDs in India give much better interest rates. You can open a FD if you have a NRI account(non-repatriable kind) with any bank like SBI. Make sure you put money in NRI account at the correct time when conversion rates for dollar to rupee is high and do some research on the interest rates of different banks.

cmk786 · Post by **cmk786** » Fri Apr 02, 2010 3:52 pm

If you are planning to go back to India any time in future. Than I would suggest try to buy a property in India. Real estate is the best investment in my opinion.