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Investment and Saving
Now a days every earning indivisual has keen interest in investing and saving his hard earned money. Most of the time we assume that investment and Saving are the same terminologies. But it is not true. Let us have a look what is mean by Investment and Saving. Saving is an instrument for short term goals. Saving has limited scope of returns and rate of return is moderate to low which can not beat inflation. Saving is safe parking of fund for future use and has low risk level. Some examples of Saving are Fixed deposits in banks, Recurring deposit accounts,postal schemes like Kisan Vikas Patra, National Saving Certificates and simply Saving accounts of Bank and Post office. Saving can be simply explained in one equation as Saving = Income -- Expenses. Saving is useful for our emergency expenses and for easy access of money. In any saving tool it's rate of return is known to us on first day of starting of sav...
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