Housewives do not have any regular source of income, so many stay away from investments. However, by investing just ₹ 500 to ₹ 1000 every month, you can save a lot for the future. Below are some easy, safe, and profitable options. You can invest money in any one of the 3 investment schemes. This will benefit you in the future, as well as get a big amount.
PPF
PPF means Public Provident Fund. You can deposit a minimum of 500 rupees and a maximum of 1.5 lakh rupees in PPF. At present, you will get an interest rate of 7.1 percent on this. You have to invest continuously for 15 years. After that you will get the amount with interest. If you invest 1000 rupees every month for 15 years. So 12 thousand rupees were deposited in one year and 1,80,000 rupees in 15 years. On this, you will get an interest of Rs 1,45,457. On maturity, you will get a total of Rs 3,25,457.
SIP
Another way of investing is SIP. Money is invested in mutual funds through this. The longer you invest in it, the more benefit you will get. SIP gives 12 percent interest. If you invest Rs 1000 regularly, you will invest Rs 1,80,000 in 15 years. You will get Rs 3,24,576 interest at the rate of 12 percent. In this way, you will get Rs 5,04,576 in 15 years.
RD
You can invest in an RD account in the post office for at least 5 years. You will get an interest rate of 6.5 percent. If you invest Rs 1000 every month, you will invest Rs 60,000 in 5 years. You will get Rs 70,989 on maturity.