Finance, Forex and Investments

Is it a good idea to Invest the money in Indian banks as they are offering better interest rates?

I am in Australia at the moment and i have spare Australian cash which i would like to invest. I thought Indian banks are giving better Interest rates compared to banks here. What are the advantages and disadvantages of doing that?. I dont want to open up an NRI a/c because it involves lot of procedures.

Public Comments

1. If you want to invest at Indonesia, you must have pathnership that have a project and more better your pathner have the credit line. You can just give bank instrument and then bank instrument will be back to back. please don't on size tranfer fund. I can guidance to you to simple processing. please give me what kind of your need to invest. I can assist to you what do like to investfor moreinformationplease sen to my email at wirasamba@yahoo.com.
2. If you are serious to invest, google for HSFX Asset Management and start making money!
3. going for the highest interest rate may have disadvantages. You may have money conversion costs which could wipe ut the benefit, the account may not be as liquid as with a local bank. Accounts may not be insured. so you should check carefully before you decide.