Hi all, it’s investment time for me now. To save my taxes, gotta submit my investment proofs in office payroll division by 10th.
I am 21, have never done any investment before, just a simple savings/salary account. I was plannin’ to invest in these Investment/Insurance plans from companies like Max New York, ICICI Prudential. Then the market crashed and i didn’t do it at that time.
A Senior manager of mine suggested to invest in NSCs, according to him, its one of the very best and secured plus simple investment, unlike these other investment plans.
Can you plz tell me how to go about it, is it really that simple and secured, pros and cons, time for processing, interest rate, is it done through Post office, can i withdraw/increase the amount next year or is it like fixed for 2-3 yrs or more ? Any other feasible or better option.
I am planning to invest an amount between 50K and 1 Lakhs, at a minimum risk and i wanna keep it simple.
Thanks in advance..