This is the first question that we get in mind if we think to save money.Here are some investment options if you don't want to take risk investing in stock market.
1.Public Provident Fund:
Investing in P PF fetches 8% of interest compounding annually.The investment limit is from minimum Rs.500 to maximum Rs.70000.There is a lock.The term is for 15 years.There is lock-in period of 6 years and from 7th year onwards 50% of the credited amount can be withdrawn.The interest earned is tax exempted.
This is a tax saver since it comes under section 80 C
This is a tax saver since it comes under section 80 C
Note : Its good to invest before 5th of every month since the interest is calculated from 5th to 29th of every month.
Check this link for more detail.
http://www.bajajcapital.com/gss/ppf.html
2.Fixed Deposits : There are many nationalized banks which are giving good interest on fixed deposits.It starts from 45 days to 555 days and there is upto 9.75% of interest.
3.LIC : Its always good to have one policy of long term so that it will fetch good amount of money after the term closure.Even loan can be availed on the bond.
4.National Savings Certificate :In this case, interest is compounded half yearly.But the interest earned is taxable.This is a tax saver also since it comes under section 80 C
More details in this link
http://www.bajajcapital.com/gss/nsc.html
5.Investing in Gold or Silver : As the price of Gold and Silver are soaring high,one can invest in Gold coins or Silver bars.In a year or two it definitely returns good profit.If buy jewelry,we don't sell and we always try to save it.so from investment point of view,buying jewelry may not be a good option.
Are there any other non-risky options?
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