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Most people adopt the route of gold, mutual funds or FD for investment. At the same time, people of rural level choose bank or post office. So let us understand from CA Anant Kumar Pandey in Jehanabad where investment can get better returns.
JehanabadThe path to becoming rich or accumulating wealth for the future lies through regular savings and thoughtful long-term financial planning, No one becomes rich in a day, but small investments become big over time, There are many investment options available in the market, but it sometimes becomes challenging to choose the right option for you and identify investments that give better returns,
CA Anant Pandey told Local 18 that investment completely depends on your convenience, equity and risk taker. If you want money immediately then you can look for a bank. Because the infrastructure of the bank is much better. You can withdraw money anytime from ATM. You can withdraw money from the bank anytime. At the same time, post office branches are less. In such a situation, it is a little difficult to get immediate profit here. In such a situation, if you want to get immediate benefit then you can approach the bank. At the same time, if you want to get government benefits, you can choose the post office route.
You can take risk here in the bank
Experts believe that the interest rate of the post office is good. Also, if you want to get good profits in the bank then Small Finance Bank can prove to be the right option. However, the risk in this bank is slightly higher.
Share market is a better option
If you want to secure investment then FD is the best. At the same time, if a little risk taker can find a way in the share market. In this, interest rate up to 12 percent is available. ETFs provide good returns in the long term. In such a situation, if you take a little risk then you can find the way to the share market. It is not right to invest all the money in one place. If you invest it in different places then you can get better profits.
