After the Corona period, everyone wants to know how to increase their Money. It is said that invest your money so that later in adverse circumstances the money can be received as good profit. You must know how to earn money, then save it and invest it by making the right strategy. Only money saved and invested in bad times comes in handy. So today I am going to tell you some major ways to increase your money, so read the article carefully without skipping. 

As you know, in recent years, the identity of India has increased very fast on the world stage and the main reason for this is the expansion of the Indian economy. This growing Indian economy has also affected investors at home and abroad. So there are many options to invest here where you can earn profit by investing your money by becoming an investor, but for this, you need to have enough information.

It is not necessary that your salary is very high, or your business is always in profit, so it is not difficult to become rich if savings and investments are made properly. Investments need to be made not only in the right way but also in the right place. Despite having enough money, many times we are not able to decide where and how to invest. Let's learn more about it in depth, then.

If the investment is right, even small savings can turn into big capital. Today we are telling you some ways of investment, by knowing and adopting them, you can definitely increase your Bank balance.

Tips on Some Major Ways to Increase Your Money

How to plan your investments:

If you want to increase your money through investment, then choose the right option as per the need. Invest your valuable money only after understanding the monthly expenses, age, salary, risk profile, and the important thing is to plan the investment. Because how much return you are expecting after investing is the most important. After understanding everything, decide whether the investment is short-term or long-term and it is also very important to know its risk. 

Don't put all your money into one plan.

Splitting under investment/investment strategy is the key to success. According to some experts i.e. economists, no one should invest their entire money in a single plan. If you want to invest money, then you should study different sectors and then invest money in the plan according to the availability of funds in different options. Because a diversified portfolio reduces the risk of sinking our entire money.

Stay healthy always.

People say that good health is our real wealth. If we lead a healthy lifestyle, it can be beneficial for us in many ways. For example, we should take home-cooked food, which will also be healthy and cheap. At the same time, our health will also be good and we will be able to focus on other work with more agility. Your good performance can get you a promotion in your job, which will increase your income.

Be in a good social circle:

Always make your social circle with good people, because the personality of the people you live with affects you and your personality improves. If you live with good people, you will move forward with a positive mindset and will be able to earn money.

Pay your bills on time:

By adopting a good habit, you can save your money from going to waste and save a good amount of money. Submit your incoming bills on time such as your policy, credit card, mobile bill, electricity bill, water bill, land tax, income tax, GST bill, etc.

Monthly Savings:

If you are from agriculture, business, or a job, then you have to learn to save from your income every month and do it only then you will be able to invest with the money saved. For example, if you save Rs 4,000 every month and get a return on this amount at an annual rate of 10 percent, then after 30 years you will have about Rs 15,84,000.

Keep your savings account separate:

Make it a habit to keep your salary and profit amount in another savings account instead of keeping it in a salary account or current account so that it is easy for you to invest that money in different places with the right focus. At present, three types of banks are opening the highest number of savings accounts, including private banks, government banks, and small finance banks. In terms of interest, the highest interest is given in small finance, but due to security, fewer people open accounts in it. In today's time, the interest rates on savings accounts of all big commercial banks are between 3-4 percent. SBI, the country's largest bank, pays interest on savings accounts at an interest rate of about 2.75 percent. DCB Bank is offering FDs (Fixed Deposits) on savings accounts to its customers on an annual basis. 6.25 percent per annum The interest rate in DCB Bank Savings Account is 4% per annum if the balance in the account is 1 crore.

Post Office can invest in Indian Post Office, If you are thinking of participating in this plan of savings, then the special savings schemes of the post office can be beneficial for you. You can invest in schemes like National Savings Certificates (NSC), Post Office Time Deposit (POTD), and Kisan Vikas Patra (KVP).

Various Savings Schemes of Banks: 

At the same time, our banks are also running many schemes where you can earn good profits after the fixed limit by investing, such as the National Pension Scheme: A tool for government-sponsored retirement planning is the National Pension System (NPS). Through this scheme, money is given to the investors in the form of a pension after they retire. The scheme was launched in 2004 for all government employees. Under NPS, employees can withdraw 60% of the total deposit at the time of retirement and the remaining 40% amount is given as a pension scheme.

The Public Provident Fund: 

The Public Provident Fund (PPF) scheme is a popular long-term investment option backed by the Government of India that offers attractive interest rates and protection from returns and is tax-free. The Bank of Baroda operates the Public Provident Fund Scheme in its branches all over India. At present, the rate is 7.10% per annum with effect from 01.04.2020.

Capital Gain Scheme: 

The scheme has been implemented by the Government since June 22, 1988. Under this scheme, taxpayers can avail the benefit of deduction in capital gains if the amount of capital gain or the total amount of money received from the sale is deposited in the bank on or before the due date of filing the return.

The gold bank. Reconstructed Gold Banking Deposit Scheme (R-GDS) is a type of fixed deposit in the form of gold. Under this, the customer can deposit the unused gold lying with him under R-GDS protect it, and earn income in the form of interest.

Senior Citizen Savings Scheme: 

If you invest in this scheme, you get an interest rate of 7.4 percent per annum.

Sukanya Samriddhi Account: 

Under this scheme, you can deposit a minimum amount of Rs 250 and a maximum amount of Rs 1.5 lakh. By opening this account, you get a lot of relief from your daughter's education and further expenses. 

Must read this and get very informative information about: Best ways to make money online

You can invest money in schemes like: 

Fixed Deposits of Banks:

If you want a fixed return after a few years without taking the risk of the market by joining the fixed deposit scheme run by banks, then the fixed deposit schemes of banks can be a better option for you. At present, the bank is offering returns of up to 6.25 percent to regular customers and up to 6.75 percent to senior citizens on one-year FDs Be sure to contact your nearest bank for accurate information on interest rates. If you break a fixed deposit when suddenly needed, you get less interest. At times, banks also impose penalties.

By depositing in RD account:

RD account is opened by almost every bank where you can invest. Which is also called a recurring deposit. Recurring Deposit (RD) also gives you good returns in the short term. 

• The general public will get the benefit of 5% interest. Senior citizens will get an interest rate of 5.4 percent.

In the ETF scheme: 

One of the many options to invest in the market is the ETF scheme. In today's scenario, the ETF scheme has become the preferred investment option for people keeping in mind the returns and risk. Especially today, many people are investing in gold ETFs. ETF is a good option to earn money after a long period of time. 

• The current government has approved an interest rate of 8.5 percent on the Employees' Provident Fund for 2020-21 which is a good option for your investment.

In the stock market:

Investing in the stock market is a high-risk and high-return option. Although with the right knowledge, good profits can be made, There are many such companies in the stock market, which are considered almost safe for investment. Banking, power, IT, and auto sectors. 

• Banks like SBI, HDFC Bank, ICICI Bank etc.NTPC in the Power Sector 
• Infosys, Wipro, TCS in IT 
• HindalcoI, Tata Steel, and TISCO in metalIn the auto sector, shares like Maruti are included. The important thing if you are going to do in the stock market, then first contact a financial planner or advisor.

To invest in gold: 

In the last few decades, gold and silver have proved to be the best options in terms of investment. Investors are getting good returns on their investments. According to some studies, the incoming output for gold is better. According to market experts, 15 to 25% consider their savings as a good option for long-term investment, because, even in the midst of the turmoil in the stock market, investment in gold is seen as safe. 

In mutual funds:

A mutual fund is a systematic investment plan that can be a good option for you. In this, you do not put money directly through the fund manager. You can invest in it every month according to your savings. But there is also a little risk in it because its profit depends on the stock market.

• Companies give you from 12% to 15% almost every year.

In the PPF:

If you are a salaried person or a businessman, you must invest about 25% of your savings in the long term. Investments in Public Provident Fund (PPF), Provident Fund (PF), and Life Insurance a good options to increase money in the long run. PPF currently offers a 7.9% annual return.PF currently offers 8.65% annual interest 

In LIC: 

There are many profitable schemes in LIC in which you can earn money by investing and making good use of that money in bad times.  By investing in LIC, you get a large amount of money on completion of maturity along with covering illness, accident, and loan facility. This will keep you and your family safe. There will be no financial pressure on the family. If you start investing at the right time, you can get money if there is work like children's education or marriage. 

• At present, LIC gets about 5% to 7% return.

In the property/land:

Real estate is a very good option to make money, but before investing in it, it is important to understand the current situation. Always try that the land and property you are going to invest in is not very expensive, because sometimes there is a possibility of losing more than the decline in the market. Apart from this, if you have invested money in equity and they give good returns in 2-3 years, then you can invest money by shifting those rupees to real estate, which will be a wise decision.

To make money in Bitcoin:

As you know, Bitcoin is a digital currency that everyone can use, it is popular in all countries nowadays and is the most different currency that can only be used online. It is also called open-source crunchy, which is available only on the Internet. We can use it on our mobile and computer connected to the internet. 

• Bitcoin can be used in the electronic transfer of online purchases. 
• This currency was launched in 2008 for secret purchases.
• The use of Bitcoin is increasing day by day and its price is also increasing.
• About 2-3 years ago, the currency of Buildcon was about Rs. Today in 2021, the currency of Bitcoin has become much more than 1,00,000. Those who bought Bitcoin 1 year ago, today their income has increased to about 2 lakh.
• But investing in it can be risky, be sure to do some research before investing.

In conclusion 

Growing your wealth is possible with careful planning and strategic investments. Consider your financial goals, risk tolerance, and market conditions before making investment decisions. Diversify your portfolio, prioritize health, manage your bills, and explore various investment avenues. By doing so, you can pave the way for financial success in both good and challenging times. Remember that seeking professional financial advice is always a prudent choice when venturing into unfamiliar investment territories.