In no sense can a rating deposit be less than FD. It is also considered to be one of the safest investments. Where the entire amount has to be deposited once in the FD. The same can deposit money again and again in a recurring deposit.
Fixed deposit
In the Corona era, a question has arisen as to where more returns can be obtained by applying less money. The question is also what is the best scheme for safe returns. There are many investment products in the market, but on whom to trust blindly. Whom to invest to make good money. There should be no tension regarding expenditure. According to experts, 5 schemes can be tried for this, whose track record so far has been excellent. Putting money in these schemes can prove to be a profitable deal.
1-Fixed Deposit (FD)
This name is one that everyone likes. When it comes to cheap and sustainable investment, the name of FD comes first in the mind. The rate of interest is given along with the investment. Whatever happens, adding that rate is sure to yield returns. Due to the option of compounding interest, the lumpsum amount gets so much that the mind of the person putting money gets bombarded. There is a separate arrangement for senior citizens. Senior citizens of the country get more interest from regular FD. If they want, they can fix the way to get their earnings according to monthly or yearly.
This will not affect the everyday expenses. Life will be fun. The amount fixed, the amount fixed for the day, the interest rate is fixed accordingly. The biggest thing is that you can loan on FD. This will work in emergency. There is an option to repay the loan amount for as many years as the FD is. If there is a lot of need in between, then you can take money by breaking the FD. In view of these facilities, FD is considered to be the best means of investment.
2-Recurring Deposit (RD)
In no sense can a rating deposit be less than FD. It is also considered to be one of the safest investments. Where the entire amount has to be deposited once in the FD. The same can deposit money again and again in a recurring deposit. A period is fixed in which the entire amount of it has to be deposited. Finally, on RD maturity, banks return the amount of interest along with the principal.
Its great feature is that if you want, you can deposit less than 100 rupees or more money every month. If you set a financial goal for short days, then RD can be considered as the best way. Given the security of capital, like FD, RD is also very popular among the people. ICICI Bank offers the facility of starting RD from Rs 50 for which an iWish RD account is operated.
3-Gold
Gold is such an instrument whose demand always remains. The festive season is so fast that people shop without caring for the price. This is because in India, gold is not just jewelery and ornaments but the best means of investment. Will remain in the house but the prices will not come down. Barring a few exceptions, the gold sparkle is always intact. In terms of returns, it is the most money-giving instrument. Even if the market falls, the prices of the son do not fall that fast.
Demand remains constant, so it is the most valuable investment vehicle in the world market along with India. Except for some differences, the price of gold is always constant. You can use it for both short term or long term. There are many options for those who do not want to keep gold at home, but desire more returns. Such people can invest in digital gold, gold bonds or gold exchange traded funds.
4-Life Insurance Policy (LIP)
When there is a stir in the stock market, fear of sinking money, then life insurance policy can give you relief. A life insurance policy, especially an endowment plan, can give you two types of benefits. Along with taking life cover in it, you can also get good returns on maturity. An insurance policy protects you and your family financially for the future. In the event of death or accident, it becomes a big helper and enters life.
If you want to take the right and timely benefit of the insurance policy, then pay its premium on time. If the policy is chosen wisely, the policyholder gets many benefits on the untimely death of the policyholder. Even if the sum of the sum assured is received, the nominee is also given income for spending on a fixed period. There are also some policies in which the nominee does not have to pay the premium, while the benefits get full. If the policyholder survives the policy term, then the full amount of maturity is paid.
5-National Pension Scheme (NPS)
If one wants to invest for long term then NPS is the best medium for that. With the deposit capital secured, returns are also guaranteed. The most important thing is that this scheme is aided by the Government of India. This scheme has been started with the intention that after retirement, the depositor gets a fixed amount and the expenses keep running smoothly. NPS offers interest ranging from 7% to 10%. In the case of tax too, many facilities and discounts are available. In view of this, NPS is also considered to be the best means of investment in the market.
read this also: Keep these 6 things in mind before buying FD, you will get more returns at the right time
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