Our colleague asked me to invest his father retirement amount into Simpson & Group Companies Employees’ Co-operative Society Ltd., in Chennai, because they offered 11% for two years period,i don’t know about that.
- can we invest FD in mentioned cooperative society?
- what is the risk if, they not refund FD as well as interest?
- can we get our investment thru legal? if, they failed.
if, any other option to get high rate of interest, kindly guide us with your valuable inputs,
I C Naik
Better to look for secured investments.