If you’re afraid of sinking cash in banks, then make investments cash right here, 100% safety with greater earnings! – You will have these funding possibility if scared for safety of financial savings after PMC financial institution like disaster | Enterprise – Information in Hindi


If there is a fear of drowning money in banks, then invest money here! Government takes guarantee with higher profits

You want 100% protection on the entire amount invested, so know about the option…

There is a deposit insurance of up to 1 lakh rupees on every bank account. Never in the history of the country has a commercial bank been drowned.

  • News18
  • Last Updated:
    October 19, 2019, 3:02 PM IST
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  • Edited by: Puja menon
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new Delhi. After the Punjab and Maharashtra Co-operative Bank (PMC Bank) crisis, now everyone is worrying about the same, what will happen to their hard earned savings if their bank sinks. However, there is a deposit insurance of up to Rs 1 lakh on every bank account. Never in the history of the country has a commercial bank been drowned. However, there are some cases when some dilapidated banks were merged with another bank so that no depositor's money is lost. Currently, under the Deposit Insurance and Credit Guarantee Corporation Scheme (DICGC), banks have insurance up to Rs 1 lakh on savings accounts, current accounts, recurring deposits, bank fixed deposits. It also includes the principal and interest on it.

If you want 100 percent security of the entire amount invested on your behalf, then for this we tell you some ways. Let's know about these options …

Also read: From November 1, the time of opening and closing of banks will change here, know what is the new time table

1. Government Saving Bond

The central government issues 7.75 percent Savings Bond for 7 years. Currently, the FD rates of banks are decreasing, so this bond issued by the central government gives you a better option for long term investment. On these bonds you get interest for six months or at the time of maturity. This amount is taxable. Under the option of taking interest on maturity, you will get Rs 17.03 lakh in 7 years on an investment of Rs 10 lakh.

2. Post Office Schemes

Since January this year, the Reserve Bank of India has cut 135 basis points in policy rates. In the coming days, further cuts are being speculated. But, the good thing among all this is that for the December quarter, the government has decided not to change the interest rates on Post Office Small Saving Schemes. In such a situation, as an investor, you have the option to invest in them for a long period. Recently India Post has also given the facility of mobile banking, so that you can invest in them sitting at home.

PO Time Deposit at the post office is getting interest at the rate of 6.9 percent for 1, 2 and 3 years. At the same time, it is 7.7 percent for 5 years. For 5 years for senior citizens this interest rate is 8.6 percent. The interest rate on the National Savings Certificate is 7.9 percent. Under the post office scheme, investors get maximum protection on their money.

Also read: LIC's special policy will get 1 lakh on depositing 1 thousand rupees, loan facility also

3. Government Securities

The central government also issues government securities. In such a situation, investing here may be the safest option. However, the condition for you in this is that you do not withdraw your money till maturity. These securities can be bought or sold on the secondary market ie NSE platform.

4. Prime Minister's Vandana Scheme

Pradhan Mantri Vyay Vandana Yojna will get 8 percent interest rate in 10 years. Under this, the investor can get regular income either on monthly, quarterly, half-yearly or yearly basis. This is a government scheme that only LIC offers. The last date for this is 31 March 2020. However, a maximum pension of only 1.2 lakh rupees can be received under this scheme in one year.

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First published: October 19, 2019, 1:32 PM IST

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