2. Fixed Deposit – Good Option To Begin With

Fixed deposit in banks form a major vote in terms of the safest investment in India. The most important reason for this is its ability to provide reasonable returns & the money invested is locked in safely. The time period for an FD may range from 15 days to more than five years. The returns you will get will be decided by the financial organization you opt for.

However, it is likely that a non-senior citizen can get returns at around 10% interest rate. The good thing here is that your money invested will be safe & you don’t have to worry about it all till the maturity period.

3. Public Provident Fund – For Higher Returns

Public Provident Fund (PPF) is also a good option to invest money securely for future periods. The primary reason is the high rate of returns mainly for people who are under 30 percent tax brackets. The rate of interest returns on PPF can be as good as 9 percent.

However, the time span of investment can be as high as 15 years. However, with almost no risk options and good returns makes this a pretty feasible option to choose.