You can invest your money in different types of Investment instruments. These instruments can be financial or non-financial in nature. There are many factors that affect your choice of investment. Millions of Indians buy fixed deposits, post office savings certificates, stocks, bonds or mutual funds, purchase gold, silver, or make similar investments. They all have a reasons for investing their money. Some people want to supplement their retirement income when they reach the age of 60, while others want to become millionaires before the age of 40.
Post Office Savings Schemes appeals to masses
Post office savings schemes provides security of capital and interest thereon and are best suited for conservative investors. The popularity of Post office savings schemes can be contributed to the fact that it appealed to every section of the society, rich or poor.