"The 9 safest investments for you"
Just to summarise, as per the article, the 9 safest investment options are:
- Bank Deposits (the usual suspect)
- Public Provident Fund (a very good tool when you desire to have a certain amount of tax saving edge to your investments)
- National Savings certificate. (good tax saving tool which can tailored for every pocket, easy to procure and for people who are not looking for a regular income kinda outcome to the investment)
- Senior Citizens Saving Scheme (one of the best tool for retired individuals)
- Post Office Monthly Income Schemes (another reliable and easily available scheme. albeit, personally I feel the ROI is a little bad).
- 8 per cent Taxable Savings Bonds (these are an alternative to the Post office scheme with a half yearly interest payment option and no upper investment limit)
- Kisan Vikas Patras (interest on this tool is fully taxable but it has been a reliable item to investment when looking to supplement existing investments to have something set aside for a future expenditure)
- Time deposits (available from both banks and Post Offices. not very attractive tools where interests are fully taxable better to go for section 80c enabled FD tools)
- Recurrind depostis (another tool available from both Post Offices and Banks. Banks offer the more attractive option in this)