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What are the best risk-free investment options?

Curious about risk-free investment

What are the best risk-free investment options?

There are several riskfree investment options available in India. Here are some of the popular ones:

1. Public Provident Fund (PPF): PPF is a governmentbacked savings scheme that offers a fixed rate of return and tax benefits. The current interest rate is 7.1% per annum.

2. National Savings Certificate (NSC): NSC is a fixed income investment scheme offered by the Indian Postal Service. It has a maturity period of 5 years and currently offers an interest rate of 6.8% per annum.

3. Bank fixed deposits (FDs): Bank FDs are one of the most popular and safe investment options. They offer fixed returns for a specific period of time, which can range from a few months to several years. The interest rates vary depending on the bank and the tenure of the deposit.

4. Government Securities (GSecs): GSecs are issued by the Reserve Bank of India on behalf of the government. They offer a fixed rate of return and are considered to be one of the safest investment options.

5. Savings account: Savings accounts offer the lowest rate of interest among all the riskfree investment options. However, they are still considered a safe option as the principal amount is guaranteed.

It is important to note that the returns on riskfree investments may not be as high as other investment options. However, they are considered safe and can be a good option for those who prioritize the safety of their investments over higher returns.

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