Invest in Fixed Deposits(FD) and LIC
This blog post explains the importance of the Investment Plans. The global economic dlowdown has taken the toll in most of the sectors and the future of the Job is uncertain. It is always wise to save the money for the future plans and keep the life running smoothly. This blog explains few tips where you can invest your money and appropriate plans.
Fixed Deposit
Investing in the fixed deposit is one of the advantage now because most of the banks alreadys raised the interest rates. Be sure to invest the money in nationalised banks because private banks are not 100% safe and RBI(Reserver Bank of India) doesn’t give insurance cover for the private banks. The interest rates are ranging from 9.5% p.a. – 11.0% p.a.
Take LIC Policy
Another important thing is you should have atleast one insurance policy to protect yourself. When talking about the insurance policies, LIC is most popular and most of the people prefer it. Please understand the difference between Investment and Insurance. Most of the prople confuses these terms most often.