5 Saving Options If You Earn A Minimum Salary Of 25K Now But Want A Luxurious Future
Bachat zaroori hai guys!

The sooner we learn the value of savings in our lives, the smoother life becomes for us. During our mid-20s, we usually like to make some unnecessary expenditures on partying, buying clothes and visiting fancy places. Well, while that’s important too, we also need to learn how to make use of our money judiciously, and savings is one vital habit that we need to inculcate at a young age. The basic salary of a young adult in India is around 25,000, and there are some good saving options that an individual can opt for with this salary.
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Recurring Deposits
Recurring Deposits are the easiest and most recommended options for young adults to inculcate the habit of savings with a minimum salary of 25K. In this kind of saving option, an individual can make small deposits regularly in the bank and expect a fixed return on the same. This option is a good one for short-term savings goals as it involves fewer risks and ensures guaranteed returns.
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Fixed Deposits
Another safe option for young adults is Fixed Deposits. Finance Influencer, Anushka Rathod says that this plan is suitable for all the young crowds. She further explains that there is a sweep in and out option available too where an individual can make their FDs flexible, with no penalties during withdrawal.
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Index Funds
Finance Influencer Chandralekha is of the opinion that an Index Fund is a good savings option for an individual who is planning for a saving goal of 1-3 years. Furthermore, this is also agreed by Anushka Rathod and as per her, the advantage of Index funds is that these have lower expense ratios in comparison to the Mutual Funds that are actively managed. This option is quite easy to manage and will also give a wide market exposure to an individual.
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Public Provident Fund
Another good savings option with minimum investment and fixed benefits is Public Provident Fund (PPF). It is a government scheme that has a fixed tenure of 15 years. It is safe and guarantees fixed returns with a minimum deposit of Rs 500 every month. The current rate of interest on PPF is 7.1 per cent.
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Also Read: 5 Easy Investment Options For Housewives, Kyunki Hiding Money In Chaawal Ka Dabba Won’t Give Returns!
Gold Bonds And Bharat Bonds ETF
Gold Bonds and Bharat Bonds ETFs are also good options for young adults who plan on having long-term savings goals. Gold bonds have fixed interest rates and are a better alternative to possessing gold.
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Think about it and choose your saving plans accordingly but do it at the earliest!
First Published: June 13, 2023 1:07 PM