Being a beginner, it is essential to plan your expenses and investments well in advance. Such planning helps you to fulfill all your desires without disturbing the expenses of your routine life. To begin with such savings, at Adarsh Credit Co-operative Society, we suggest you define your desires and set an approximate time to achieve it. Doing so will bring clarity to your thoughts and you will be able to invest wisely. There are a number of saving schemes for your investment which can help you to achieve your desires without causing a financial burden to you.
To help you sail through this confusion easily, we have sorted these savings schemes on a similar basis. Explore them as below.
Short-term savings are the first step towards your sound financial present and future. Hence, you should make your short-term goals wisely. These goals can be your basic desires which you want to fulfill within a year or two. It can be an expensive watch you have always wanted to buy or a dress from your favourite designer. To begin investing in such goals, you can start by depositing your money in a Savings account. Once you are habituated to a Savings account, you can further start investing in our SIP scheme and Daily Deposit scheme or Pigmy Deposit Scheme.
Any desires or expenses which will take you two to three years to fulfill can be included in this category. These expenses can be of marriage, precious stones or even a world tour. You can invest in Fixed Deposits to achieve them. Fixed Deposits will fetch you a good interest rate varying between 7.25% and 15.5% which will eventually grow in a matter of two to three years. It will also enable you to achieve your desires without burdening you financially.
Under the long-term savings, you should plan for the goals you want to achieve eventually in your life. Remember, you should be able to achieve these goals within 10 years of its planning. Such goals can include buying a house or investing in your child’s future, owning a business. It can also include starting a retirement plan for you. To help you save properly for these goals, you can start with our 10 Year Flexi Deposit scheme. Under this scheme, you can choose your financial period anywhere between 1 year to 10 years and get a rate of interest 13.75%. You can also invest in our Share Capitals wherein you should buy a single share of Rs.10 for a period of 1 year to 10 years and fetch decent dividends.
So, invest in our saving schemes today. Visit Adarsh Credit Co-operative Society to know more.