When it comes to creating assets, banks can be a great help, especially for beginners. While some in-house investment services are targeted at high-net-worth individuals, there are plenty of tangible asset creation options available at the bank, such as:
- Recurring deposit account: You invest a fixed amount at regular intervals with a set time limit, and you can’t change the deposit amount or time.
- Fixed deposit account: By keeping a sum of money invested in a fixed deposit account, you can earn attractive interest rates offered by the bank.
- Public Provident Fund (PPF) account: A PPF account is a government-supported scheme that provides a decent interest rate for your savings.