Investment Tips: Here you will get more return on investment than Fixed Deposit, know what are the plans
In the Post Office Time Deposit scheme of the post office, you get more returns than FD (fixed deposit). Under the time deposit scheme of the post office, an interest of 5.5 percent is available on investments of 1 to 3 years duration. If you invest your money in it for 5 years, then this interest will increase to 6.7 percent. If you want a slightly higher return than Fixed Deposit, then you can invest in Debt Funds.
Investment Tips: You save by cutting all your expenses and investing the same savings in different places to meet your financial needs in the future. But now the interest on investment in bank or government bonds is continuously decreasing.
There is constant volatility in the market, in such a situation, it often comes before the investors that where to invest their money where they get good returns and their money is also safe.
Money should be safe, because of this many people get their money FD (Bank Fixed Deposit) in the bank. But your purpose is not served by the diminishing interest on fixed deposits.
If you want good returns in a short period, then you have to invest your savings in other schemes. It is not that your risk will increase here, like FD, your money is also safe in these schemes.
Post Office Time Deposit
You can invest your money in a post office time deposit. In this post office scheme, you get more returns than FD. Under the time deposit scheme of the post office, an interest of 5.5 percent is available on investments of 1 to 3 years duration. If you invest your money in it for 5 years, then this interest will increase to 6.7 percent.
If you want a slightly higher return than Fixed Deposit, then you can invest in Debt Funds. Debt funds are one of the categories of mutual funds. Debt mutual funds invest in fixed income securities. These include bonds, government securities, treasury bills, and non-convertible debentures, etc.
Debt funds help in earning better returns with less risk. Because investing in Mutual Funds is considered to be the most profitable deal.
If you cannot take interest rate risk then you should invest in short debt schemes like liquid funds, ultra-short duration funds, short-duration funds, etc.
You can invest money in debt funds with the help of a certified fund manager. Here you get higher returns than fixed deposits.