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Fixed Income Instruments: Amidst the fluctuations of the stock market, there are a lot of options for investors to invest in the market in which you can get guaranteed returns by investing money.
No tension to sink money on these investments
New Delhi. Whenever there is talk of savings, the name of FD (FD) of banks comes. Your investment in fixed deposits is safe, as well as you get returns along with guarantee. Currently, up to 5 lakh insurance cover is available by DICGC on bank FD in India. In case of insurance bank default, every investor covers the deposit of up to 5 lakhs.
Recurring deposit (rd)
Recharging deposit (RD) is the means of investment in which an investor deposits a certain amount in that account every month. Good returns can be obtained by depositing a little money in RD regularly. It gets more interest than common savings deposits.
Public Provident Fund (PPF) is one of the country’s popular small savings scheme. PPF scheme is a great return scheme in long term. Currently, interest is being received at the rate of 7.1 percent in this scheme. The most special thing about PPF is that it is included in the government’s EEE scheme. Eee means examept. The money deposited in it, interest received and the amount received on maturity is completely tax free.
Post Office MIS (POMIS)
Monthly earnings can be arranged through the post office monthly income account (POMIS). Right now it gets interest at the rate of 7.4 percent. After lump sum investment in this scheme, interest starts earning from next month itself. Under this scheme, you can open an account with an investment of just Rs 1,000.
National Savings Certificates (NSC)
The National Savings Certificate (NSC) is a fixed income investment scheme. In this government scheme, you can open an account with a minimum deposit of just 1000 rupees. This scheme is matured in 5 years and it gives the benefit of compound interest on it. Talking about the interest received by the investor who opened NSC account, it is 7.7 percent at the moment.
After starting a career with print media, he has been working as Senior Copy Editor in News18Hindi for the last 5 years. Business news team has been part of the team for almost 2 years. He has a decade experience in journalism. ,Read more
After starting a career with print media, he has been working as Senior Copy Editor in News18Hindi for the last 5 years. Business news team has been part of the team for almost 2 years. He has a decade experience in journalism. , Read more
