Personal Finance: Saving vs Investing
We, Indians, generally trust our banks the most and put our saved cash with them for security. (Is it totally secure? That's a topic to discuss some other time :P) But, banks giving 4-5% rate of interest and the inflation hovering around average 5-6%, do we consider other options for the same purpose or rather not only saving but to earn more? Let me share some of the instruments I recently learned ab out which, if used wisely, can help us not just in saving but getting good returns, too! You may consider them based on your requirements and risk appetite. NSC( National saving certificate )/ PPF( Public Provident Fund) These are considered one of the safest mode of investment as they are held with Post Office and are backed by the Government. However, the rate of return keeps fluctuating as it is decided by the Central government from time to time. The current rates are 7.10% and 6.8% for PPF and NSC respectively. Please note that the lock-in for PPF is 15 years and NSC comes wit