Do not put money in the bank, put these 4 places and earn rough profits - Top 4 Investment Plan
Top 4 Investment Plan: Nowadays people only keep their hard earned money in bank account or FD.The interest rate in the bank is very low, due to which the money gradually increases and its real benefit is not available.If you want your earnings to be safe and get a good return on it, then you should move away from the bank and invest in government schemes and Post Office Schemes.The government is guaranteed in these schemes, security is also available as well as good profits.
1. Post Office FD
Post Office FD is a safe and reliable scheme as it directly guarantees the government.Here the interest rate is more than the bank FD and you can deposit money in a period from 1 year to 5 years.On completion of the time, you also get interest fixed along with the deposit.This plan is a good option for those who want safe saving without risk and want their money to not be stuck anywhere.
2. Public Provident Fund (PPF)
PPF is one of the most popular schemes to save long -term saving and future needs.In this, the benefit of Compounding Interest is available, that is, interest is added to your money every year and the amount increases a lot over time.Its duration is 15 years and also gives the benefit of tax saving.It is considered the best option for big goals like children's education, marriage or retirement.
3. National Saving Certificate (NSC)
NSC is a Fixed Return scheme in which you get a guaranteed amount after 5 years.The interest rate is already fixed in this, so there is no danger of the market risk.This is a lot of work scheme for small investors because it can also start investing with less money and also gives the benefit of tax saving.This plan is right for those who want steady income and invest safe places.
4. Senior Citizen Saving Scheme (SCSS)
The scheme is specially made for people above 60 years.The interest rate is very high in this and every three months interest comes directly to your account.This is the most trusted source of regular income for the elderly.Its duration is 5 years which can be extended for 3 years ahead.This scheme is perfect for the Senior Citizens who want stable income after their retirement.If you want your money not to be useless only at low interest in the bank, then investing in government schemes like Post Office FD, PPF, NSC and SCSS is a great option.There is also security in these schemes and guaranteed returns are also available.Disclaimer: This information is only for normal purpose.Before making any kind of investment, take complete information about the interest rate and rules from the official source and make a decision according to your financial situation.