India’s Safest Investment Options: In today’s era, everyone wants to invest their deposits in such places where they get higher returns with low risk. Know about 7 such long -containing investment options.
Top long term investment options: Whenever you plan to increase your capital, you have many investment options. These include the risk-free saving schemes fixed with fixed income from different risk profile market linked investment. In such a situation, the investment option should be chosen only by assessing your need and risk. Let’s know about some such top longitarian investment, which are completely safe along with giving high returns.
Fixed Deposit
Fixed deposits still remain the safest medium of investment due to getting returns at a far higher rate than regular savings account. The lump sum investment in FD is completely safe in the investment bank and the possibility of lapse is negligible. This is the reason why it is still the best investment option for low risk taking.
Life insurance
Life insurance plans are one of the most prevalent and safe investment options. With these, with life insurance, you get a maturity amount at the end of your policy period. Also, you get a life insurance cover to secure your financial future. Life Insurance also helps in saving tax under Section 80C of Income Tax Act, 1961.
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Public Provident Fund (PPF)
PPF Longatorm has a better option to earn safe returns. Currently, this scheme is getting interest at the rate of 7.10%. This scheme comes with a 15-year lock-in period, in which in some special conditions, money can be withdrawn from the 7th year. This is an excellent long -based investment option. This is completely tax free earnings on interest.
National Pension Scheme
If you are also worried about your retirement, then this scheme is the best. It can become a source of regular income in life with preparing a big fund for you. Any Indian employee can open an NPS account and invest till retirement. A part of the capital deposited on maturity can be obtained outright and the remaining amount can be used to purchase annuity. Even after retirement, you will continue to get a certain amount every month.
Savings Bonds
Government savings bonds are issued by the Government of India, with an annual interest rate of 7.75%. Your capital is completely safe in these bonds. The government also brings sovereign gold bonds from time to time, in which you can find good returns of any risk in future by investing in pure gold digitally.
National Savings Certificate
The National Savings Certificate (NSC) scheme is quite popular in post office government savings schemes. It has to invest at least 1000 rupees, after that 12 equal investments have to be made in the multiples of 100 or the entire amount has to be deposited outright. Currently, it is getting interest at the rate of 7.70%. On this investment, you also get a tax exemption of up to Rs 1.5 lakh under Section 80C.
Senior Citizen Savings Scheme
The Senior Citizen Savings Scheme (SCSS) is a specially designed government scheme by the Government of India for investors above 60 years of age. There is a guaranteed return that gives a stable income and tax exemption. This is a great scheme for Senior Citizens. Currently, it is getting interest at the rate of 8.20%.
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(Disclaimer: The information given here is only for information. Take the opinion of a good expert before investment)