Beginner's Guide: Four ways, no fraud, no hassle, safe investment options, women investors should pay attention

Ronit Kawale
Ronit Kawale - Senior Editor
6 Min Read
Beginner's Guide: Four ways, no fraud, no hassle, safe investment options, women investors should pay attention

Personal Finance tips for women investors: When a common person talks about investment, his first question is – how much return will I get on this. After this his second question is – will my invested money not sink? Women, who have recently moved forward on the investment journey, want to find such options for investment where there is no risk of losing money like the stock market and they also get good returns.

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The safest investment options are those that help you grow your assets or wealth with very little risk. Only investment can increase wealth rapidly. Therefore, it is very important to invest money after saving. Let us know the investment options currently prevalent in India in which investing money is generally to increase the money, not to sink it.

National Pension System (NPS)

Whether you are a working woman or work part-time, after retirement or after a certain age, the source of income starts narrowing. Due to some untoward incident, you may have to travel alone in your old age, in such a situation, if you become financially weak then life will be difficult. After a certain age, medical expenses also start increasing while monthly income starts decreasing. Even if you have children, you should consider the situation of their absence from time to time. Therefore, invest money in the National Pension Scheme as soon as possible. Applicants age should be between 18 to 70 years and your KYC should be in order. NPS is considered to be the world's lowest cost pension scheme.

By investing your money in a portfolio of liquid funds, corporate bonds and fixed deposits, you can get returns of up to 10-14% in the long term. It also gives tax benefits in terms of total deduction of Rs 2 lakh under section 80C and 80CCD(1B). In this, tax benefit of up to Rs 1.5 lakh is available. However, the amount received after retirement is taxable. For more such information related to women and personal finance, you can click here.

Fixed Deposit (FD-Fixed Deposit)

You can earn more returns by investing a part of this money in FD than the interest received on savings account in the bank. Fixed deposits in banks are still considered one of the safest investments. The rate of interest is fixed and there is no hassle of making repeated deposits. The period and all the terms and conditions remain the same which you must have seen and understood at the time of investment. There are different interest rates according to the time period. Lump sum investment remains safe with the bank and the possibility of default is negligible. You can also avail tax exemption of up to Rs 1.5 lakh every year under Section 80C of the Income Tax Act 1961 on 5-year tax saving deposits. You can also take a loan against your FD without breaking it.

Public Provident Fund (PPF)

PPF is an investment option with compound interest which takes 15 years to mature. It can also be extended further for five years. It is necessary to invest at least Rs 500 in a year and a maximum of Rs 1.5 lakh can be invested in it. You can open it in bank or post office and deposit money in cash, check or online. The current rate of interest available on this is around 7.1%. Full tax exemption is available under Section 80C of the Income Tax Act, 1961. If needed, partial withdrawal is allowed from the 7th year in special circumstances. For more information about this Click here for.

Saving Bonds

The government introduced savings bonds in 2018. The Government of India offers 7.75% annual interest on savings bonds. There is a sovereign guarantee on these from the government. Which simply means that they become a completely safe investment option. In this you can also start with a nominal investment of Rs 1000. The interest rate is with guaranteed returns. RBI offers it with an interest rate of 7.75%. If you want to make fixed returns and risk-free investments then these are better options. There is no maximum limit on investment in this but it is counted in taxable income.

Tags: Business news in hindi, FD Rates, Investment tips, Mutual funds, NPS, NSCs, PPF, Women’s Finance

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