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Hoots : Best way to do savings in India? I have started to earn a year ago. All my funds are currently in banks. Is there any better way save money than leaving it in a bank account? - freshhoot.com

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Best way to do savings in India?
I have started to earn a year ago. All my funds are currently in banks.
Is there any better way save money than leaving it in a bank account?


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There are quite a few options. Suggest you put a mix of things and begin investing into Mutual Funds.

Open a PPF / NPS account. The returns are decent and secured, but there is a long time lock-in
Open Fixed Deposits
Start investing small amounts in Mutual Funds, start with Index funds and then into Diversified equities before going into other type of funds
Some point when you are comfortable start into shares directly.


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