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Topic : Investment options for Middle Class
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Is Post Office savings still a better option for investment?

Created by : Swati Raut, Product Manager, Aviva  | 11 13 2009 11:59:48 +0000
Industry : Asset ManagementFunctional Area : Personal Finance(Personal Interests)
Keywords : investment savings option post office savings
Activity:  891 views;  last activity : 07 06 2010 20:18:09 +0000

In the present financial market,where a large number of private financial companies have disappeared, Small Savings offer the best and safest avenue of investment of household savings. Small Savings scrips not only yield high returns, but also are guaranteed by Government and thus completely secure. But If you want higher after-tax returns and would like to create wealth, will you invest in higher yielding mutual funds or in post office savings? Comment.

  
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These are all government guaranteed investments having moderate rate of return, its risk free investments with income tax investment benifit for most of them, they are eligible for deduction under Section 80C. Persons who do not find any time to take close attention towards investments and who are all coming under the income tax net will benifit by making investments in those schems.
By RAMANATHA PRABHU N, Chartered Accountant  | 02 16 2010 06:38:27 +0000
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it is one of the safest saving option. No need to analyse and monitor. Tension free saving.
By B.Swarna Lata, Commercial Underwriter, Euler Hermes Credit Insurance  | 02 16 2010 06:25:58 +0000
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It is a safe investment and liked by many middle class people.Need not require analysis or advice. Middle class saving is limited and entire family depends on that.
By SIBA PRASAD MAZUMDAR, Freelancer, Freelancer  | 11 19 2009 04:39:37 +0000
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They are widely accepted among the different sections of the Indian society and among the different age groups. Small savings schemes, such as PPF, NSC, KVP, Post Office Deposits, are very topical in the media these days. On the one hand, these schemes are currently popular because they offer higher rates when compared to bank deposits, as well as offer the security of your capital.
By Swati Raut, Product Manager, Aviva  | 11 13 2009 11:59:48 +0000
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The systems and procedures handling these schemes are clumy, laborious and outdated. The leathargy of bureaucraft in taking remedical action results in frittering away of scarce and vluable resourcs. The rate of interest are reducing considerably and contineously.
By Archana Singh, Relationship Executive, ICICI Bank  | 11 13 2009 12:06:06 +0000
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