What are some common guaranteed investment options?
Curious about guaranteed investment
In India, some common guaranteed investment options are:
1. Fixed deposits: These are offered by banks and offer a fixed rate of interest for a specified period of time, with the principal amount guaranteed.
2. Public Provident Fund (PPF): PPF is a governmentbacked savings scheme that offers guaranteed returns along with tax benefits.
3. National Savings Certificate (NSC): NSC is a governmentbacked savings scheme that offers guaranteed returns over a fixed period of time.
4. Post Office Monthly Income Scheme (POMIS): POMIS is a governmentbacked scheme that provides guaranteed monthly income and principal repayment at the end of the tenure.
5. Senior Citizen Savings Scheme (SCSS): SCSS is a governmentbacked savings scheme for senior citizens that provides guaranteed returns and tax benefits.
It's important to note that while these options offer guaranteed returns, the returns may not always beat inflation, and it's important to consider the impact of inflation on your investment.

