List of 10 Best Investment Plans for Women in India for 2022
The Indian Government today aims at improving the financial conditions of women by offering several schemes. They are ideal for focusing more on financial goals in life that will help overcome unwanted complications significantly. First, however, women should know more about them from different sources that will help proceed further. Nowadays, post offices and banks in India offer the best investment options for women that aim at catering to their needs. Therefore, women who want to ensure high returns for their future life can select them that will help generate increased revenues.
Moreover, most of them have zero and minimum risks allowing women to avoid losses and other problems. Not only that, they provide ways to get more protection from financial obstacles by addressing the essential needs of women. On the other hand, they should do proper research that will help accomplish goals in financial planning. For example, investment plans are suitable for women to live an independent life. Also, they let women save more money for children’s education and other purposes. Therefore, when choosing a plan, it is wise to understand the benefits in detail that will proceed further.
List of 10 Best Investment Plans for Women in India 2022 for High Returns
Here is a look at the top 10 investment options in India with high returns every Indian can look at while saving for their future goals or financial needs:
- Public Provident Fund (PPF)
- Kissan Vikas Patra (KVP)
- Bank Fixed Deposits
- Post Office Monthly Schemes
- Real Estate
- Post-Office Time Deposit Scheme
- National Savings Certificate (NSC)
- Mutual Funds
- Employee’s Provident Fund (EPF)
1. Public Provident Fund (PPF)
Public provident fund (PPF) is one of the most popular investment options available for women. It has a tenure of 15 years, and one can invest a minimum of Rs. 500 and a maximum of Rs.1.5 lakhs. On the other hand, the interest rate of this plan may vary every year based on the market conditions. Moreover, the plan even allows a woman to withdraw 50% of the amount after completing 5 years. Therefore, it is one of the best investment plans in India that give ways to generate high returns. Furthermore, it provides methods to save a large amount of money.
2. Kissan Vikas Patra (KVP)
Kissan Vikas Patra (KVP) is another best option available for women when they want to earn more income. Women can approach the nearest post offices to open this account. The scheme is valid for 9 years and 5 months. They can deposit a minimum of Rs. 1000 and multiples of Rs. 1000 in a post-office even though it involves no maximum contribution. It offers a guaranteed risk-free income for women that help maintain the cash flow.
3. Bank Fixed Deposits
A fixed deposit is a scheme available in both public and private banks enabling women to withdraw more money after some years. At the same time, the interest rates of fixed deposits may vary from one bank to another bank. Therefore, it is wise to compare the interest rates before choosing a plan.
Gold is the right choice for safe investment options in India because it enables women to ensure high protection during inflation and uncertainties. Women can buy gold coins starting from 5 grams to 20 grams based on their choices. Those who want to avoid gold in physical forms can buy a certificate from approved banks or traders.
5. Post Office Monthly Schemes
The post offices in India offer monthly schemes for women, thereby showing ways to save money monthly. On the other hand, the interest rates may vary every year depending on inflation and other factors. Women can invest a minimum of Rs.1500 and a maximum of Rs. 4.5 lakhs. Joint-account holders can invest a maximum of Rs. 9 lakhs under monthly schemes.
6. Real Estate
The real estate market in India is growing, and women can invest their money in buying properties. It is one of the right investment options for women in India, giving ways to earn money through property renting. Several banks offer exclusive loan plans for women to buy a property without any difficulties.
7. Post-Office Time Deposit Scheme
The post-office time deposit scheme is another option available for women because it offers guaranteed returns. It is ideal for child investment plans where a single mother can invest money for education and other purposes. The tenure of the scheme ranges from 1 to 5 years, and women can choose the duration based on their options. At the same time, one is not allowed to withdraw the amount except under special circumstances.
8. National Savings Certificate (NSC)
The National Savings Certificate (NSC) is the best post-office scheme for women’s life because it comes with attractive interest rates. It allows a woman to invest any amount of money. However, it is impossible to withdraw the amount before the maturity period, which gives ways to ensure high guaranteed returns. In addition, the plan provides opportunities to save more money for a certain period that will help earn reasonable interest rates.
9. Mutual Funds
Mutual funds are ideal for women to build a substantial wealth portfolio over some time to increase revenue. Insurance companies and banks offer a wide range of mutual fund plans for women to ensure high profits and revenues. At the same time, not all of them are the same, and women should evaluate the plans from different sources before investing money.
Apart from that, they can appoint a fund manager to monitor the performance of funds in the markets. A woman can choose either a lump-sum amount or SIP plan to minimize losses to a large extent. Fund managers offer a wide range of options for women that will help them increase their money. Furthermore, they show ways to customize a plan with options to ensure maximum returns.
10. Employee’s Provident Fund (EPF)
Employee’s provident fund (EPF) is the best investment plan for working women in India that offers several benefits, including tax deductions. Under this scheme, working women will get a 12% contribution from the Government. Besides that, they can contribute only 8% instead of 10% or 12% for the first year. EPF scheme allows a woman to make a partial withdrawal during medical emergencies, new home construction, renovation, and other purposes. It even gives ways to acquire loans from banks as soon as possible. A PF subscriber can also avail a free insurance facility for up to 7 lakhs with a death benefit.
These are some of the best investment plans in India for women. to know more; one can visit iiflinsurance.com