Selling in the stock market made a record on Friday. Dalal Street has become completely red. The market has been falling for the last 5 months. The Sensex, the major index of the stock market, broke over 14,00 points on the week and last trading day of February. At the same time, bumper selling was also seen in Nifty. The biggest companies lost millions and big shares became red. People invest in the stock market and expect good returns. But these days there is a bad condition of those investing in the market. Meanwhile, there are some investment options where there is no effect of the market fall on investing nor their return is low. Of these, investment in PF is also an option. Let us tell you about all the investment methods where there is no effect of market selling.
The Central Board of Trustees, the highest organization that took a decision about EPFO, met on Friday, which was expected that the annual interest rate on PF by the government would be increased. However, the rate has not increased, but CBT has upheld the rate of interest. That is, PF will still get 8.25 percent interest. Amid selling in the stock market, where investors' money is sinking on one hand. On the other hand, there are many investment methods like PF. Where you will get a fixed interest. The decline of the market will not affect your investment. Let us tell you about those methods.
PF is like a boon for employees working in the private sector by the Employees Provident Fund Organization. The interest on PF is fixed and the decline of this market stock market has no effect. At the same time, there are many such schemes on the government, on which the government pays fix interest. The market has no effect on them. These include Senior Citizen Savings Account Scheme, Sukanya Samriddhi Scheme, Kisan Vikas Patra Schemes.
Scheme | Interest rate (annual) |
PF scheme | 8.25% |
Senior Citizen Savings Account Scheme | 8.2% |
Sukanya Samriddhi Scheme | 8.2% |
Kisan Vikas Patra Scheme | 7.5% |