Three products that will give you guaranteed returns
Most investment instruments offering guaranteed returns don’t give you inflation adjusted returns . However , if you are still looking for guaranteed returns, here are some products you should know about:
1. Bank , NBFC deposits :
Banks and non banking finance companies offer fixed deposit (FD). The interest rate ranges between 6.5% and 9% an annum for 1 year tenure for an amount less than 1 crore. Besides FD, recurring deposit and savings account deposit also give you guaranteed returns.
Banks and non banking finance companies offer fixed deposit (FD). The interest rate ranges between 6.5% and 9% an annum for 1 year tenure for an amount less than 1 crore. Besides FD, recurring deposit and savings account deposit also give you guaranteed returns.
2. Small savings scheme :
Products such as post office time deposit, public provident funds (PPF) and Sukanya Samriddhi account offer guaranteed returns. In case of PPF, the rate changes every quarter, but the returns are guaranteed.
Products such as post office time deposit, public provident funds (PPF) and Sukanya Samriddhi account offer guaranteed returns. In case of PPF, the rate changes every quarter, but the returns are guaranteed.
3. Sovereign Gold Bond Scheme :
It is denominated in grams of gold. Investors have to pay the issue price in cash and the bonds are redeemed in cash on maturity. The interest rate is 2.5%(fixed rate ) an annum on the amount of initial investment. It is credited semi-annually.
It is denominated in grams of gold. Investors have to pay the issue price in cash and the bonds are redeemed in cash on maturity. The interest rate is 2.5%(fixed rate ) an annum on the amount of initial investment. It is credited semi-annually.
Source: Business Line
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