Asked by
basudha
in
Agony Aunt
at
1:54 PM on May 18, 2008
ROHAN $'s Answer
If you have lots of money and they are in a bank then put them in different schemes where the interest is more than what ur bank gives. Do not put all the eggs in one basket.If you are young then plan for ur old age to have the same utility of money as you have today you can go for public provident fund. Invest in mutual funds if you do not want to risk the volatile share market. You can also go in for conventional methods of saving like post office schemes which are reliable till date. From the interest you earn make newer fixed deposits. Buy mediclaim policy, so that any unforeseen disease doesn't wipe out your savings. Donate to recognized orphanages and oldage homes and get 80g certificate so that you get tax benefit on ur savings
Answered at
10:57 AM on May 19, 2008
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