Best Investment Options for Salaried Individuals
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New Pension Scheme is gaining popularity in India as one of the best retirement investment options. NPS is open to all but, is mandatory for all government employees. An investor can deposit a minimum of INR 500 per month or INR 6000 yearly, making it the most convenient for Indian citizens. InvestoRead more
New Pension Scheme is gaining popularity in India as one of the best retirement investment options. NPS is open to all but, is mandatory for all government employees. An investor can deposit a minimum of INR 500 per month or INR 6000 yearly, making it the most convenient for Indian citizens. Investors can consider NPS as a good idea for their Retirement planning because there is no direct tax exemption during the time of withdrawal as the amount is tax-free as per the Tax Act, 1961. This scheme is a risk-free investment as it’s backed by the Government of India.
See lessIndian investors often look to Investing in Gold and it's also one of the good long-term investment options. Gold is used as an Inflation hedge. Investing in gold can be done via buying physical gold, gold deposit scheme, gold ETF, Gold Bar, or gold Mutual Fund.
Indian investors often look to Investing in Gold and it’s also one of the good long-term investment options. Gold is used as an Inflation hedge. Investing in gold can be done via buying physical gold, gold deposit scheme, gold ETF, Gold Bar, or gold Mutual Fund.
See lessPublic Provident Fund (PPF) is one of the most popular long-term investment options in India. Since it's backed by the Government of India, it is a safe investment with an attractive interest rate. Moreover, it offers tax benefits under Section 80C, of income tax 1961, and also the interest income iRead more
Public Provident Fund (PPF) is one of the most popular long-term investment options in India. Since it’s backed by the Government of India, it is a safe investment with an attractive interest rate. Moreover, it offers tax benefits under Section 80C, of income tax 1961, and also the interest income is exempted from tax. PPF comes with a maturity period of 15 years, however, it can be extended within a year of maturity for five years and more. Annual deposits of a minimum of INR 500 to a maximum of INR 1.5 lakh can be invested in the PPF account.
See lessA Recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. Every month, a fixed amount of money is deducted either from a Savings Account or a current account. At the end of the maturity period, investorRead more
A Recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. Every month, a fixed amount of money is deducted either from a Savings Account or a current account. At the end of the maturity period, investors are paid back their invested funds with accrued interest.
See lessMost people consider the Fixed Deposit investment as a part of their Retirement investment options because it enables money to be deposited with banks for a fixed maturity period, ranging from 15 days to five years (& above) and it allows them to earn a higher rate of interest than other conventRead more
Most people consider the Fixed Deposit investment as a part of their Retirement investment options because it enables money to be deposited with banks for a fixed maturity period, ranging from 15 days to five years (& above) and it allows them to earn a higher rate of interest than other conventional Savings Account.
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