Different ways by which we can earn from our savings

Your savings are a result of your hard work. However, they can be made more useful by earning
additional income through them. This can be done by investing your savings effectively and
constructively. 
Investment in a fixed deposit could be beneficial, as one can earn extra income through the
interest generated by banks on the deposit. Also, a fixed deposit is an ideal way to keep your
money safe and sound. Banks and NBFCs provide varying interest on the FD.
So, before investing money, it is beneficial to seek the best one can get.
However, invest your money for as long as possible, with a minimum period of 12 months.
More time means more interest earned.

Another way to earn good interest on your investment is to invest your money on mutual funds.
An investment here could be both high risk and low risk, called equity mutual funds
and debt mutual funds, respectively. The interest rates vary accordingly.
Investing in fixed assets like real state could also help generate income.


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