Saving Schemes: Do you like to invest in a place where the money is safe and you can also make huge profits? If yes, then there are many schemes that you can take advantage of. Saving schemes are also provided by the government for women. There are schemes available on which you get the benefit of higher interest. If you are a woman or are thinking of investing for a woman in the house, then let us tell you about 3 such schemes with which you can get higher returns.
Senior Citizen Saving Scheme
If you are above 60 years of age, you can invest in Senior Citizen Savings Scheme. For this, you will have to open an account in the post office. The minimum investment is Rs 1000 and the maximum investment can be made up to Rs 30 lakh. It gives an annual interest of 8.20 percent.
Sovereign Gold Bond
Instead of buying gold jewellery, you can also invest in Sovereign Gold Bond. It is considered a safe way to invest in gold. Sovereign Gold Bond holders get the benefit of interest at the rate of 2.50 per annum. In this, the holders are given the benefit of increase in gold prices.
Fixed Deposit Scheme
If you have a good amount of money and want to save a lump sum amount, then you can think of investing in fixed deposits. Different banks and financial companies offer different interest rates on FD. If you are above 60 years of age, you can avail about 0.50 percent more return. However, this also allows people below 60 years of age and above 18 years of age to invest and can get higher returns on FD.