<p>Saving money isn’t always sufficient. It is seen advisable to invest your funds in things that would ensure a profitable outcome. While many people put their money into the stock and share market, real estate, or precious metals like gold, there are those who think it would be better to put it into an investment strategy where the returns would be greater than the rate of inflation.</p>
<p>Retail inflation was 7.43% in July 2023, and there are a few programs you may invest in for better profits. Let’s look at a few simple investing plans to combat inflation.<img decoding=”async” class=”alignnone wp-image-155341″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-results-of-otet-2023-on-bseodisha-ac-in-how-to-download-image-1659513365-11zon-750×422.png” alt=”theindiaprint.com results of otet 2023 on bseodisha ac in how to download image 1659513365 11zon” width=”1432″ height=”806″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-results-of-otet-2023-on-bseodisha-ac-in-how-to-download-image-1659513365-11zon-750×422.png 750w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-results-of-otet-2023-on-bseodisha-ac-in-how-to-download-image-1659513365-11zon-1024×576.png 1024w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-results-of-otet-2023-on-bseodisha-ac-in-how-to-download-image-1659513365-11zon-768×432.png 768w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-results-of-otet-2023-on-bseodisha-ac-in-how-to-download-image-1659513365-11zon-390×220.png 390w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-results-of-otet-2023-on-bseodisha-ac-in-how-to-download-image-1659513365-11zon-150×84.png 150w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-results-of-otet-2023-on-bseodisha-ac-in-how-to-download-image-1659513365-11zon.png 1200w” sizes=”(max-width: 1432px) 100vw, 1432px” title=”Small investment programs to combat inflation include FDs to National Savings Certificates 12″></p>
<p>Permanent Deposits (FDs)</p>
<p>For fixed deposits with terms ranging from seven days to ten years, State Bank of India and ICICI Bank are now providing interest rates to the general public ranging from 3.0% to 7.1%. On the other hand, Axis Bank offers interest rates on FDs that range from 3.5% to 7.1% when they reach maturity.</p>
<p>PPF, or Public Provident Fund</p>
<p>For Public Provident Fund investments, HDFC Bank is giving the general public a 7.1% interest rate. A complete tax exemption is granted under Section 80C for it. The account may be continued for a further five years following maturation.</p>
<p>Samriddhi Yojana for Sukanya</p>
<p>To help girls, Beti Bachao Beti Padhao spearheaded the creation of the government program Sukanya Samriddhi Yojana. It presently offers interest at 8%, which is greater than the inflation rate for July. You may deposit as little as Rs 250 and as much as Rs 1.50 lakh per year if you just create an account in your daughter’s name.</p>
<p>NSCs, or national savings certificates</p>
<p>The rewards on a National Savings Certificate are modest enough to outpace inflation. The money put in the NSC account has a return rate of 7.7%. Five years are the lock-in period for the plan.</p>
<p>POMIS, or Post Office Monthly Income Scheme</p>
<p>In order to outpace inflation, the Post Office Monthly Income Scheme offers larger returns. 7.4% return is available if you invest in this plan. The maximum investment allowed under this plan is Rs. 9 lakh, and the maturity term is 5 years.</p>
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