🚂 Current Fix Deposit Rates 🌞 SBI - General Citizen 3% to 7.10% Senior Citizen - 3.60% to 7.60% 🌞 HDFC - General - 3.00% to 7.25% Senior Citizen - 3.50% to 7.75% 🌞 ICICI - General - 3% to 7.10% Senior Citizen - 3.50% to 7.60% 🌞 PNB - General - 3.50% to 7.25% Senior Citizen - 4% to 7.75% 🌞 Kotak Mahindra - General - 2.75% to 7.20% Senior Citizen - 3.25% to 7.70% 🌞 Axis - General - 3.50% to 7.10% Senior Citizen - 3.50% to 7.85% 🌞 Bank of Baroda - General - 3% to 7.25% Senior Citizen - 3.50% to 7.55% 🚂 Current Recurring Deposit Rates 🌞 SBI - General 4.40% to 5.50% Senior Citizen 4.90% to 6.20% 🌞 ICICI - General 3.50% to 5.50% Senior Citizen 4% to 6.30% 🌞 HDFC - General 4.40% to 5.50% Senior Citizen 4.90% to 6.25% 🌞 KOTAK - General 4.30% to 5.20% Senior Citizen 4.80% to 5.70% 🌞 AXIS - General 4.40% to 5.75% Senior Citizen 4.65% to 6.50% 🌞 IDBI - General 7% to 7.15% Senior Citizen 7.50% to 7.65% ☁️ National Pension Scheme - 9% to 12% pa ☁️ Employees Provident Fund - 8.15% pa ☁️ Public Provident Fund - 7.1% pa Invest in Gold

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Invest in Gold

 
Investing in gold is a time-tested and enduring choice, dating back to ancient civilizations. Holding physical gold is akin to having an emergency fund; whenever the need arises or during any unforeseen crisis, individuals can sell or convert it into paper currency. Gold is an asset that has consistently appreciated in value over time. Gold investment is a vital component of an investment portfolio, serving as an essential part of diversification. Some people acquire gold to maintain their financial stability, while others invest in it as a precaution for emergencies. Investing in gold provides financial safety and security, as it can be easily liquidated when necessary.

Gold Investment Benefits: 

Easily Accessible: Gold is a liquid assets, an individual can easily sell their gold, whatever in form to access funds in an emergency.

Financial Flexibility: Without disturbing your long term financial target investment, retirement savings, an individual can easily manage or cover their emergency medical bills or any small big problems by selling Gold.

Stress Free:  Calculated and proper investment in gold will be stress free.

Diversification Benefits: Your investment in gold is a part of your diversified portfolio, which can help to divide your risk. If your other investments experience volatility during the crisis, your gold holdings can act as a stabilizing force.

Inflation:  Gold is always the powerful resource against inflation.  As per the historically checked when the inflation rises or currencies declines, the value of gold always rises.  Individual or investor can use gold to protect their wealth in time of inflation rise.

3 Ways to Invest in Gold

1. Physical gold.

2. Invest in Gold ETFs Mutual funds.

3. Sovereign Gold Bonds are issued by the Government.

1. Physical Gold 

Physical Gold investment is a common way of investment, it may be in the form of bars, coins, jewellery or in any form that is physically stored by an individual.

2. What is Gold ETFs Mutual Funds?

Exchange Traded Fund, it is a investment that individual can invest or buy gold units without holding physical gold.  It is a cheaper but very good investment for all class.  Investor can easily buy or sell the units of their ETF units.  ETFs trading in online market like stock.  Commission charges for purchased ETFs is very low as compare to mutual funds.  There are many online platforms available in the market, most of are commissions free application means for sell and buy ETFs, you don't need to pay any commission or fees.

3. What is Sovereign Gold Bond (SGB)?

Sovereign Gold Bond issued by Reserve Bank of India, backed by Government of India.  It is denominated in grams of gold.  Investors can buy bonds in cash and redeemed in cash at the time of maturity.  Since it is backed by Government of India, it is safe to invest and an alternative option to holding physical gold.  At the time of redemption an investor can receive ongoing market price.  An investor can apply online through the listed or authorised banks.


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