Saturday, October 1, 2022

Which is the Best Investment Plan in India for Middle Class?

If you are planning to invest at this time, then today we will tell you about 5 such options where you will get better returns along with your money being safe. Today we tell you a special way to become rich, through which you can earn more money in less time.

Here are the 5 best investment plans for you, where you can earn good money by applying 500 rupees.

1. Public provident fund

Public Provident Fund (PPF) is a better investment option for the long term. PPF is currently receiving a compounding interest of 7.1% per annum. This is because it is a long-term investment. A maximum investment of Rs 1.5 lakh can be made annually in PPF. The deduction can be claimed in section 80C of Income Tax Act deposited in the PPF account. The interest received on this is completely tax-free. Wealth tax is not to be paid on PPF deposits.

2. Mutual Fund

Anyone can invest in mutual funds. You can earn 2 lakh rupees at an interest rate of 10 percent on a monthly investment of 500 rupees over a period of 15 years. You can also increase investment in it according to your needs. Apart from this, you can earn Rs 1.10 lakh for an investment of Rs 90,000. You can also buy it online.

3. Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana is a government scheme. The money invested in it is absolutely safe. In this, you can open an account for 250 rupees. Customers also get the benefit of tax exemption in SSY. You can open an account in your daughter’s name. The interest is calculated on a compound basis, which gives a slightly higher return. Minimum 1000 rupees and a maximum of 1.5 lakh rupees can be invested every year.

4. National Savings Certificate

NSC is a popular scheme which is run by the post office. You can buy this certificate for 100 rupees, 500 rupees, 1000 rupees, and 5000 rupees. The investment period of NSC is 5 years and at this time interest is being paid at the rate of 6.8 percent. Along with this, it also gets tax exemption under Sector 80C.

5. Post office senses account

You can also open a savings account in the post office to save money. In this, you get interest at the rate of 4 percent. Apart from this, your money is also safe. If you get an interest of up to 10 thousand rupees in the post office, then it is tax-free.

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