6 Best Investment Options for a Salaried Person
When it comes to investments, salaried individuals often hesitate to risk their money. Since they have a fixed amount of income, this is understandable. Whether it is FD investment options, Public Provident Funds (PPFs), or any other instrument, salaried persons always seek to lower the risk factor. If this is true for you, too, you can consider these six safe investment instruments to grow your savings: 1. Fixed deposit (FD) Financial institutions offer fixed deposit interest rates that can exceed 7%. This makes FDs a more profitable investment option as compared to a savings bank account. An FD lets you securely invest your money for a fixed period. The minimum and maximum tenure can vary from issuer to issuer. For example, Mahindra Finance offers a tenure ranging from one year to five years. FD interest rates stay fixed during this time, even if the market performs badly. Due to this inherent stability, many salaried people prefer to invest in FDs and wait for their money to grow w