Do you have extra money lying around that you want to invest safely, without having to worry about a loss on your investment? Fixed Deposits are similar to Certificates-of-Deposits (CD), you deposit money with a bank for a specified period of time. The money cannot be withdrawn during that time period without paying a penalty, but the deposit is fully guaranteed by the bank unlike riskier investments like stocks and mutual funds. The good thing about Fixed Deposits is that unlike CD’s in the United States which are currently paying less than 1% interest, Fixed Deposits in India pay interest rates that are much higher.

As mentioned above, Fixed Deposits are fully guaranteed by the issuing bank. While there is minimal risk of loss as long as you invest with a reputable and insured bank, it is best to play it safe and invest with a large bank for added security. To give you an idea of what kind of returns you can expect when investing in Fixed Deposits, the following rates are currently being offered by the “Big Four”, the four largest banks in India.

Continue reading Business Opportunities In India

The world has become a truly global marketplace and many companies both large and small have been taking advantage of this fact to invest in businesses far away from home. One of the hottest countries to invest in is India. They are the world’s second most populated country and growing larger everyday, and so is their economy.

The Trend

Many companies in the United States and around the globe have been outsourcing customer support for years, companies like Sprint, IBM, American Express and Delta Airlines recognize that this is a great way to cut costs while still providing great service. India is usually the country of choice because of the large number of qualified workers and low labor costs. The average salary in India is roughly $75 USD per month, employees working for a foreign company doing customer service work are able to make more than twice that. Not only are companies cutting costs by hiring Indian workers, they are also helping to fuel the growth of the Indian economy.

The Process

When companies in the United States are looking to outsource they usually will contract with a foreign company to perform the work for them for a negotiated fee. Entrepreneurs looking to start their own customer support business in India usually go in with a partner who is a native to India. This way the partner can show them the ropes of how business is conducted in India and help them with learning the local customs.

Continue reading Start A Customer Support Business In India