This Raksha Bandhan, Make your Sister Secure with these 5 Financial Gifts
The festive season has kicked off in India. This year on 15th August, Raksha Bandhan would be celebrated in the entire country with great pomp and show. This festival signifies the eternal bond of love between the brother and sister. On this day, the sister ties Rakhi on the wrist of her brother and the latter pledges to save her from all the difficulties in her life. It is one of the memorable days for the siblings. This year, you can make this occasion more special for your sister by giving her a financial gift and securing her future.
To make this task easier for you, we bring to you a list of 5 financial gifts you can consider for your sister on this Raksha Bandhan
- Health Insurance Plan
It is a fact that to keep pace with the fast moving world, we knowingly or unknowingly neglect our health which is the most important thing for us. So, a health insurance plan would be an ideal gift for your sister to safeguard her health. There are a lot of websites that would give you a comparative study of the various health insurance plan available in the market and guide you to buy the best health insurance plan for your darling sister.
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- Recurring Deposits Account
This is one of the most popular and conservative ways of saving and keeping a tap on the monthly expenses. By opening a Recurring Deposit account in a bank/post office for your sister, you would be depositing a certain amount every month for a fixed term and by the end of the term, your sister would get the principal amount along with the rate of interest which would make her happy.
- Bank Fixed Deposits(FD)
Another popular and conservative sides of savings in the bank fixed deposits. It has low rate of interest and is subject to less market risk. The desired amount of money is fixed for a particular period of time. After the completion of the time period, your sister will get the money along with the rate of interest on the principal amount.
- Gold Jewellery
Every woman has a fetish for Jewellery. In our country, gold jewellery is considered to be an asset for a woman. It is known as ‘stri dhan’. Also, gold jewellery is considered as a precious and auspicious gift on any occasion. So, what is a better occasion than Raksha Bandhan to gift gold jewellery to your sister. If she is unmarried, she would use it in her wedding. If your sister is married, she can flaunt the jewellery at various occasions and it might want to use it during the time of financial distress.
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- Systematic Investment Plans (SIPs)
SIP is a way of investing in a mutual fund at a desired cost for a desired period of time. Initially, it doesn’t require much investment. It can be easily maintained. You might want to invest in a SIP for your sister and payment can be managed by you for the desired tenure. This is a long term investment for your sister which will prove quite beneficial to her in the future.
