How To Invest Money And Where to Invest Money

When and Where to Invest Money(How To Invest Money

In today’s time, you cannot fulfill the needs of your family just by earning money. For this you have to invest in the right place so that you can get good return. If you do not know about investment then you are missing out on a huge opportunity.

Because by investing money you can get more return than that money which will help you in achieving your goal. That’s why in today’s article we are going to tell you where you should invest your money. Along with this, we will also explain that which option you should choose from which investment option. And what things should be kept in mind while investing. Therefore, invest some of your time in this article and collect a lot of information related to money investment.

Things to keep in mind while investing

Before starting investment, the things that you have to pay attention to at the time of investment. Next we’re going to go. Now start investing as soon as possible. Due to which you will get very high returns very soon. Before choosing an investment plan, do proper research about it first. Also, those who give more returns in less time are avoiding fraud schemes. Keep checking your investments from time to time. Start with small investment so that you can understand it easily.

If you are a young investor then Equity Mutual Fund is a very good option for you. Whereas FD is a good option for older investors. Therefore, invest money wisely according to your age and profile.

Types of Investment

Friends, next we will know about the popular investment types in India.

1) Direct Equity-

It is a good investment option for long term investment. It is also called investing in stocks when you buy shares of a company in this stock. So you’re building up a stake in that company. Before making such investments, you should do a good market research. Because in this along with the profits of the company you get profit and with that you have to bear the loss. The risk in this type of investment is high. So invest only after doing proper research.

2) Mutual Funds-

Investing in mutual funds means that your funds should be kept in groups of investments such as stocks, bonds or assets. They are managed by banking professionals. In this case, it is a safe option in the stock market comparison. You do not need to have much knowledge about mutual funds to invest in them. But all you have to keep is that the risk factor is very less.

3) Fixed deposits

Fixed deposit is a deposit offered by a financial institution or a bank. In this, you deposit a fixed amount for a fixed time. Companion, on this you first get city sided rate of interest. In this, your money is absolutely safe and you get guaranteed returns in it.

4) Public provident fund

Public provident fund ie PPF is a long term tax saving investment. In which your money is kept in lock-in period for about 15 years. This Government of India offers you in which you get guaranteed return. This investment period is very long. After completing 5 years in this, you can withdraw a small amount. If you want to take benefits by investing money for a very long time, then this can be a good option.

5)Recurring Deposits

Recurring deposit i.e. RD is a very good way of investment. In this, the investor deposits a fixed amount every month for a fixed time. In this you get top interest. Banks and post offices offer RD. In this, your money remains absolutely only and there is also a guaranteed return on it. Therefore, it is better for investors who do not want to take risk and want to be secure with limited returns.

Friends, apart from these five investments, you will get many more investment options. Like real state, national pension system, initial public offer etc.

Note: Friends, to invest or buy shares, you need a Demat account. Click here to open your absolutely free demat account.

Friends, you can start your investment on whichever of these two applications you find convenient.

Note: Friends, you must have Pancard to open your account. So make sure in advance that you have your PAN card with you.

what we learned

Friends, in this article we will know what is investment in Hindi. Today we learned how to invest money. Whatever information we got related to investment. We have presented it to you. If you have any doubt related to this article. So you can feel free to comment or email us.

Thank you very much for reading this article ” When and Where to Invest Money ” . That you must have got to know a lot new from this article.

Best Post Office Investment Schemes: The savings schemes of the post office ie post office are considered better for safe and good returns. The reason behind this is that 100% of the money invested in post office schemes is guaranteed to be safe. The post office offers 9 savings schemes with the current interest rate of up to 7.6 per cent per annum. From savings accounts, time deposit (TD) accounts to SCSS, PPF, KVP, NSC and Sukanya Samriddhi accounts (SSY) can be opened in the post office. Let us know the details of these savings schemes of the post office….

savings account

A savings account can be opened in the post office for Rs 500. Only one savings account can be opened in one post office. At present, the interest rate on Post Office Savings Account is 4% per annum. It can be opened single or jointly, in the name of a minor child above the age of 10 years, for a mentally challenged person.

Like banks, a minimum monthly balance has to be maintained in the post office savings account. The minimum balance for the account is fixed at Rs 500. Maintenance fee of Rs 100 will be deducted from the account on the last day of every financial year if the minimum balance is not maintained. After deducting the fee, if the balance in the account becomes Nil, then it will be closed automatically.

Check/ATM facility, nomination facility, account transfer facility from one post office to another, intra-operable netbanking/mobile banking facility, facility of online fund transfer between post office savings accounts are available on the post office savings account. To keep the account active, it is necessary to make a deposit or withdrawal at least once within 3 financial years.

5 Year Recurring Deposit (RD)

RD is opened in the post office on the minimum installation of Rs 100 per month. Its maturity period is 5 years. The current interest rate on post office RD is 5.8% per annum. Account can be opened in single or joint, in the name of minor above 10 years of age and mentally challenged person. If it is opened before the 15th of the month, then your monthly installation should be deposited in it before the 15th of every month.

On the other hand, if it is opened after the 15th, then it is necessary to deposit it by the last date of the month. In case of non-payment of monthly deposit by the stipulated date, the post office charges you a default fee of Re 1 per 100 rupees for every default. The RD account is suspended after 4 consecutive defaults. However, it can be revived within 2 months. But if it is not revived within this period, then there will be no further deposit in it. After you default on making the monthly deposit, you will have to first pay the previous outstanding deposit and fees, then your existing monthly deposit will be approved.

Post office RD can be closed prematurely after 3 years. Nomination on post office RD, Facility to transfer account from one post office to another, Facility to open multiple RD in one post office Online deposit facility through intra-operable netbanking/mobile banking, Online deposit facility from India Post Payments Bank savings account Facility, the facility to extend the account after the maturity period for another 5 years is available. Loan can also be taken against post office RD. After 1 year of account opening, you can take a loan up to 50% of the current balance.

Post Office Time Deposit (TD)

TD can be opened from 1 year to 5 years in the post office. The account can be opened with a minimum of Rs 1000, there is no maximum limit. The current interest rate on post office TD ranges from 5.5 per cent to 6.7 per cent per annum. TD can be made singly or jointly, in the name of a minor above 10 years of age or a mentally challenged person.

Premature encashment cannot be done before the completion of 6 months after getting the post office TD. If TD is closed after 6 months till the account is completed 12 months then the interest rate of the Post Office Savings Account will be applicable and not that of TD. Investment in post office TD of 5 years is exempted from tax under section 80C of the Income Tax Act.

Nomination facility on post office TD, facility to transfer account from one post office to another, facility to open multiple TDs in the same post office, facility to convert single account into joint or joint account to single, facility to extend account Facility, Online account opening facility is available through Intra Operable NetBanking/Mobile Banking.