Best safe Investment Plan for youth . No risk, high returns assured.

Well, if you are reading this article, I am pretty much sure that you are among the freshers who have joined a company or have started earning money by any means . Assuming your salary is not very high,say its between 15k-30k p.m, but you want to invest it smartly.
Now let's see what all options can you think of with a small amount.




1.Stock market :
  First thing every youth thinks of is stock market.Probably, its the best way to earn more in less time but its quite risky.And even more risky if done without skill and experience.Also,you will always be thinking of the stock prices.you shall never be relaxed.Personally, thats not a much better idea.

2.Normal savings account :
Its something that every second person thinks of.On depositing Rs.10,000 for a year, you earn a mere Rs.350 as interest.I hope you got my point.This is saving ,not investment.Its just to secure your money and have account of regularly using it.You can't survive without it neither only with it.You need something more.so,not completely ruled out but lets look for something better.

3.Fixed deposits:
 An attractive option.They are a good option if you have surplus money that you know you won't be needing for long.Well, with most of the youth, thats simply not the case.But, in case you have , say you got some 10,000 bucks and have a steady income along with it that is sufficient for you ,then you can simply open a fixed deposit account and lock your money to grow for a year.Interest rates are high, approx 9% for a year deposit.Varies from bank to bank.

4.Recurring deposit : (best option)
 Well,this is best investment option for youth.You can deposit money as a monthly installment every month.Interest rates are almost equal to fixed deposits.Most exciting feature is that when you open a recurring deposit account with a bank, the amount gets deducted automatically till a perticular period ( say a year ) on a specified date of every month chosen by you.You open a R.D account agreeing that a specific amount of money should be deducted every month on a specific date (chosen by you) from your normal savings account.That money won't be available for your withdrawl.The final date till which you agree to open this account is the maturity date.

But some points to note about recurring deposits :

• Partial withdrawl not possible before maturity date.
• In case, you want money urgently, you have to close the RD account and get all money back.Interest will be payed at rate applicable on the date of deposit, for the period for which the deposit has remained with the Bank.

I have opened a salary account with ICICI bank.Its really good.And they have the option to open RD account online.So, no hassles to go bank and carry documents.Just a click and your account is opened.Really a good option.Think over it !!

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