Best government investment scheme.
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As a student, which type of government investment scheme is best? I have a small amount of ₹500-1000 monthly, so recommend me some specific options that give me a favorable return rate but have a low risk rate.
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For a student, here are some government-backed schemes suitable for you:
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PPF is a secure and long-term investment scheme that gives you a 7.1% interest rate. You can start investing with ₹500 up to ₹1.5 lakh annually. It gives you tax benefits also.
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RD is also another suitable option for savings; it gives you a 7-8% interest rate annually.
These schemes are extremely secure and provide returns in the end; there is no risk involved. But if you can handle some risk, then Mutual funds are also a suitable option. You will get good returns, but there is some risk factor involved.
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