Children Day 2023: This financial gift for children is better than sweets and chocolates, their wealth will increase with age...
On the occasion of Children's Day, you can give some special gifts to your children. This gift will go a long way in making them financially stable. If you too are thinking of giving some expensive gift or chocolate to your children this year, then according to us, you should instead give such a gift which will always prove to be very valuable for them.
We all know that with increasing age many expenses like children's education or marriage increase. In such a situation, to ensure that children do not face any financial problems in the future, you can give them many gifts like PPF or FD. Today we will tell you through this article which gifts you should give.
Public provident fund
Public Provident Fund (PPF) is one of the long-term investment options. It was started in the year 1968 by the National Savings Institute of the Ministry of Finance. The objective of this scheme was to attract more and more people for small investments. In this scheme, on the one hand, you get the benefit of higher returns and on the other hand, you also get the benefit of tax benefits.
All citizens of the country can participate in this scheme. This means that minors are also included in this scheme. Talking about investment, you can deposit a minimum amount of Rs 500 annually in this scheme. The government sets the interest rates in this scheme every quarter. At present 7.1 percent interest is being given in this scheme.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is also a very good option for investment. You can invest in this scheme for your daughter's future. This scheme was started in the year 2011 under Beti Bachao Beti Padhao. You can start this scheme by going to your nearest post office. In this, you have to deposit an amount of Rs 250 every month.
In the future, you can use this amount for your daughter's education and marriage. In this scheme, the facility of check or demand draft is also available. The government revises the interest rates of this scheme every quarter. Currently, the interest rate of this scheme is 8 percent.
Investing in mutual funds may be quite risky. But, if you invest in it for a long time and thoughtfully, it will help you a lot in getting maximum returns. This fund will be very useful in children's education, marriage, or any other activity. The returns received in this fund depend on the fluctuations of the stock market.
You need to take special care of many things while investing in mutual funds.
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FD is one of the safest investment options. It provides assured returns with less risk. For this reason many people in the country like FD very much. Here you can invest for a time limit as per your choice and use the amount deposited in the fund at the right time. The bank gives higher interest rates on FD than savings accounts.
On one hand, gold is considered the most auspicious for beauty jewelry. On the other hand, it is quite good for investment. Apart from physical gold, you can also gift digital gold to your children. Gold prices also increase with time. For example, if 10 years ago the price of gold was around Rs 20,000, then today it has become more than Rs 50,000. This clearly shows how much return we get by investing in gold.
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