Low Risk and Reliable Investment
Risk taking capacity is the amount of risk investors is willing to take or the degree of uncertainty a persona can handle. Not everyone is capable of taking higher risk. However...
Aiming for low risk and reliable investment options then consider investing in post office saving schemes
Risk taking capacity is the amount of risk investors is willing to take or the degree of uncertainty a persona can handle. Not everyone is capable of taking higher risk. However, the low-risk appetite should not limit individual’s ability to invest. In India, apart from the conventional fixed income avenues there are options offered by the India Post popularly the “Post office saving schemes”. These schemes encourage saving discipline and investments among Indians. And best part is that these schemes are risk-free, reliable and backed by the Government of India. The also offer attractive interest rate, tax benefits and entails simple investment process. Investment over long term can also ensure financial security during the sunset years. Some of the schemes do carry a lock in period but investors can diversify small portion of their savings towards these avenues in line with their goals and investment horizon.
Source : Indianpostal.gov.in
Investors can apply to any of the above schemes by visiting the nearest post office branch, fill up the application form with required details, submit the KYC and other documents and deposit the amount for the chosen scheme. Investors can get all the details about the postal saving schemes on its website - https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx
Wide range of the postal savings schemes can help individuals to attain their medium to long term goals. The relative safety, attractive interest rates, tax benefits and ease of investing makes these avenues as a popular investment choice among rural-urban Indians with relatively lower risk appetite. Choosing of the suitable avenue, submission of the nomination details will help individuals to derive maximum benefits from these schemes.