Hello friend, This tips is dedicated to all who keep their savings in Bank accounts or FDs. and do not want to take high risk on their hard and earned money.
As you aware In general Bank account gives you approx 3 to 5% interest on your savings ( on quarterly) and if you have fixed diposites or reoccurring diposites these instruments also not gives you more than 7% interest and they block your money for a fixed period of the time that you had opted while opening FDs or RDs.
Rather than keeping your money in saving accounts and FDs there are multiple instruments are also available in the finance market which can give you good interest and risk free. And also there is no time boundation you can withdraw your money any time even after next day.
Let me tell you about the financial instrument that I am talking about.
Reliance Mutual Fund - Simply Save Account
It is a debt mutual fund component, where in Company invest your money in low risk debt mutual treasury plan - growth.
I am investing in this more than a year and I am getting consistently approx 8% and more interest rate.
Key Features of Samly Save account
1. It gives you interest on daily basis on your investments.
2. You can withdraw your money any time also company provides you ATM card on request basis.
3. No time boundation, you can withdraw even after next day
4. Gives you higher interest rate as compared to bank and FDs
5. Having very low risk as compared to other mutual fund components.
NOTE- mutual fund investments are subject to market risk please read all scheme related documents carefully.
Thanks.