Salaried professionals with their fixed monthly incomes need to manage their finances strategically for their future. Whether it is expenses or investments, these individuals have to restrict themselves within a specified earning. So, when it comes to the best investment options, people who are salaried should consider returns, risk, time, growth of income, and the financial market at present.    

In case you are looking for investment options for salaried employees, make sure to choose one with high ROI, tax benefits and safety. Below are a few choices you can opt for.


  • Fixed deposits


If you have managed to save a substantial amount from your savings, invest in a fixed deposit. FDs are risk-free schemes where you get a guaranteed return on investment no matter what. Here, you need to deposit a lump sum amount at a time and receive the same with interest after the policy matures. Fixed deposit interest rates are higher than what you earn from your savings account. Approach NBFCs with AAA ratings like Bajaj Finserv and enjoy up to 9.10% of interest rates on your FD.

Another noteworthy benefit of FD is that you can utilise the fund during a monetary crunch or other emergencies. Although you may lose on interest, the high amount can ensure adequate liquidity in distressed situations.

If you don’t want to break this investment before maturity and hamper the interests, you can avail a loan against fixed deposit. Leading NBFCs usually offer 75% of its value, within 24 hours to meet your financial urgencies effortlessly. Moreover, nowadays, it’s easier to check your returns beforehand using an online FD calculator.

Bajaj Finserv being a prominent financial company in India comes with pre-approved offers specifically for their existing clientele. These offers are valid on personal loans, home loans, business loans along with various financial products and services. Pre-approved offers simplify the entire procedure of availing funds and also save time considerably. To check your pre-approved offers, you need to submit only your name and phone number online.  


  • Public Provident Fund or PPF


A Ministry of Finance in India initiation, PPFs are one of the best investment options for salaried individuals in India. The scheme comes with 15 years of lock-in period. Investors can deposit money in their PPF accounts for a certain time period and earn profitable interests on them, including tax benefits under Section 80C. The interest rates for the financial year stand at 7.6%.  

It’s beneficial because it restricts an investor to use the amount in PPF for any short-term requirements, thus, saving for the future. Later, one can use the funds for bigger expenditures like higher education of children, marriage, purchasing a property, etc. The minimum deposits essential are quite affordable.

If low risk and more tax-free returns are what you want, PPF is one of the best investment options for your future.


  • SIPs (Mutual Funds)


A good number of investors are now investing in SIPs or Systematic Investment Plans of equity mutual funds. The returns here are based on the equities in the previous year. So, ROI on SIPs can be nominal in the future. Mutual fund investments are subject to market risks; therefore, safety cannot be guaranteed for SIPs.

To summarise, fixed deposits are the most profitable investment options out of all, with zero risks and stability of the investment. Moreover, the interest rate on FD is higher which ensures more returns on maturity.

Use a fixed deposit calculator to evaluate your ROI including interest earned and maturity amount. An appropriate investment plan can help a salaried individual in many ways including creating wealth, protection of capital during inflation, aid during financial emergencies, attaining financial goals and instilling money management skills.