How can I trust the credibility of this company "Agrigold Farms" Vijayawada based company?

This company is based in Vijayawada. They have a scheme wherein you invest Rs.600 every month for 25 months. At the end of 30 months you get 16800Rs. Can I trust them and invest or is it a bogus company.|||Dear Suma,





The return the company is giving you is about equal to 7% per year return. I do not know about the company, but the returns they are offering is not extra ordinary. If you are able to find a bank that is ready to give you a 7% interest rate on a recurring deposit, you should get similar returns. Banks are safer to invest in.





I am also not sure, what the company is doing qualifies as banking.This company, surely, would not have a banking license. Beware it is safe to put your money in a fixed deposit of a bank.





Hope this answer is of some help.





Regards,


Ripul