You can gift digital gold to your family members this Diwali. Digital gold has many advantages over physical gold. He has no fear of theft. Digital gold is a good option for investing in gold.
Term deposit (FD)
FDs are one of the most popular investment options in India. During this time, FD interest rates also increased significantly. You can open a fixed deposit account this Diwali for the person closest to you. This FD will work to secure this person’s financial future. With the increase in the repo rate by the RBI, the banks also increased the interest rates on the FD. Currently, many large and small financial banks offer attractive FD interest rates.
invest in mutual funds
On this Diwali, you can make a wonderful gift to your family members in the form of mutual funds. Teach your family how to invest in mutual funds through SIP. By running them SIP, you can give them a very nice gift.
Gift a health plan
You can also gift a health plan to your family members on Diwali. You can buy a good health insurance plan for your loved ones this Diwali. Paying for their health insurance policy would also be a nice gift.
Share a gift
If you want to give something unusual on Diwali to your closest person, you can also give them Promotions. To do this, you first need to open a demat account for this person. After that, you can buy some shares from their demo account. You can buy shares of large companies for long-term investment.