Safe mode of Investment option

Investment and savings are an essential aspect of financial security.

Though many people still believe that there is only one way to save, that is,
through a savings account.
But, there are multiple options available that ensure financial security along with various benefits.
Other than a savings account, Banks provide an option to keep your money safe through
a fixed deposit. Money can be withdrawn only after a fixed period and not before that.

Further, keeping money with the bank as a fixed deposit provides interest to the customers.
Besides, PPF is a Government initiative to encourage long term investments. Investments in
PPF can be made with a minimum amount of Rs 5oo, for a tenure of 15 years.
Also, since the tenure is high, there is a high rate of interest that can be availed by the customers.

Money can also be invested in NSC certificates, that are available at the post office.
Investing in NSC could help you to reduce tax. In addition to that, other options to save include,
mutual funds, or investments in fixed assets.


Read Further :

A guide to choosing safe investment schemes in the future

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