When you are young and working, you hardly think about the time when you will grow old and you will retire. At that time, you will neither have the energy to work nor a stable source of income to support your everyday expenses. Hence, it is essential to start saving for your retirement early so that you can have a decent amount with you by the time you retire. Not only will it help you in managing routine expenses at that time but will also support you in leading a dignified life.
While there are many organisations which offer retirement plans, it is preferable that you do detailed research on them before choosing one. Remember, the wiser your decisions are, the better it is for you.
In order to help you sail through the confusion, we at Adarsh Credit, present a few investment schemes which will be a good choice for your retirement.
When you plan investments for your retirement, remember not to invest all your money in long term investment schemes. Invest a decent amount in easily accessible schemes as well as it will help you in times of emergencies. One such investment can be a Savings account. This scheme is easily accessible and usually offers decent interest rates. At Adarsh Credit, you will fetch an interest rate of 6.75% along with other facilities like zero-facility facility, free statement facility, unlimited number of transactions, etc.
Fixed Deposits can prove to be one of the suited alternatives when you are considering a number of investment schemes for your retirement. They are a safe bet for your money and prove to be helpful in the long run. At Adarsh Credit, you can choose the tenure of your scheme as per your convenience, from a period of 3 months to 10 years. Moreover, we offer high-interest rates that vary between 10-15%. The higher is the invested amount and the tenure of the scheme, higher is the interest rate.
Adarsh Bachat Patra
Term Deposits are another great way to invest for your retirement. We, at Adarsh Credit Co-operative Society, have revamped the term deposit and named it as Adarsh Bachat Patra. Under this scheme, you will be able to double your investments after the tenure of 72 months. The initial investment is as low as Rs.500 with further investments in multiples of Rs.100. Thus, you don’t have to bear the load of saving a large sum of amount for your retirement. Even small savings can do wonders.
Share Capitals can prove to be helpful if you want to fetch great dividends by the time you reach your retirement. Unlike other financial organisations, Share Capitals at Adarsh Credit have been moulded to suit the needs of our members. This is the reason that you can purchase a single share for a minimum amount of Rs.10 at Adarsh Credit and get a decent dividend of 16% every year. You also get the liberty to choose the period of your investment which can range anywhere between 1 to 10 years. Moreover, you can withdraw your money as soon as your scheme matures and the maturity amount is transferred within minutes.
So, start planning your retirement and make a wise decision by choosing Adarsh Credit Co-operative Society. To know more about our investment schemes, visit the society today.