Rakshabandhan Gift: Start Investing in PPF or RD in the Name of your Sister

This year Rakshabandhan will be celebrated on 22nd August. On this day it is customary for a brother to give a gift to his sister.
Rakshabandhan Gift: Start Investing in PPF or RD in the Name of your Sister
Image Credit: The Economic Times

This year Rakshabandhan will be celebrated on 22nd August. On this day it is customary for a brother to give a gift to his sister. In such a situation, this time you can give some such gift to your sister which will give her financial security and will be useful for her in bad times. Here we are telling about some gifts that can be given to my sister on the occasion of Rakshabandhan.

Provide health protection with health insurance

Corona has explained the importance of health insurance to the people. With health insurance, the sister will be able to get the right treatment when she becomes ill. You can get your sister's general health insurance or separate insurance for corona. All general and stand-alone health insurance companies have launched the Corona Kavach Insurance Policy. In this, hospitalization in case of corona infection, before and after admission, home care and other expenses related to treatment will be covered.

Invest for sister's higher education

If you have a younger sister, you can invest in Sukanya, PPF or Recurring Deposit (RD) in her name. Guaranteed returns on maturity are available in these schemes. Investments can be made in any bank or post office. Apart from this, you can also invest in SIP or mutual funds for your sister. This will make it easy and sufficient to collect funds for your sister's higher education.

Image Credit: Aegon Life
Image Credit: Aegon Life

Credit card gift

If you have a younger sister who is studying in college, then you can gift her a credit card to fulfil her financial need. With this, he will not have to face any problem when he needs money. You can decide the credit card limit based on your sister's needs.

Open savings bank account

If your sister does not have a savings account, then you can give her a certain amount by opening a savings account in a bank. With this, he will not need to carry cash all the time and he will continue to get interested on the deposit.

Can gift gold jewelery

If your sister is fond of wearing gold jewellery, then you can also gift her gold jewellery. Gold jewelery will not only fulfil her wishes, but if needed, she can also fulfil her financial needs by taking a loan in lieu of it.

Get full year recharge done on mobile

You can recharge your sister's mobile for a year. With this, she will not have to worry about recharge again and again. Jio, Idea-Vodafone and Airtel have many recharge plans with 365 days validity. Many features like unlimited calling, data and free SMS are available in these plans. You can choose the recharge plan according to the need of your sister.

Like and Follow us on :

Related Stories

No stories found.
Since Independence
www.sinceindependence.com