FIRST STEP TO FINANCIAL FREEDOM - Kalyan Thev Yojana

 

 

We all want financial freedom but between the global pandemic of this year and living paycheck to paycheck, it hasn’t been easier. A road to financial freedom can be a long one, especially, if one does not know all the tricks of the trade. One such trick is, knowing the difference between saving and investing.

 

Here’s what you need to know – 

 

 

Saving money means taking out a particular sum of money from your monthly income & keeping a specific amount in your bank account which you do not touch for any other purpose other than an emergency. 

 

 

According to Investopedia, investing is the act of allocating resources, usually money, with the expectation of generating income or profit.

 

Basically, investing money means having a passive income source where you do not have to work to gain money because your money will work for you!

 

Among the many types of investing, most popular of them are Mutual Funds. But with them, comes a huge risk which can lead you to losing everything. The other, less popular form of investing is Fixed Deposit (FD). Janakalyan Bank offers different types of fixed deposit schemes. One such scheme with exciting benefits is – Kalyan Thev Yojana.

 

 

Kalyan Thev Yojana is a special Fixed Deposit scheme offered by Janakalyan Bank. 

 

 

1. Quarterly Interest on the deposited amount

2. Compound interest

3. Tax benefits under form 15G & 15H

4. Cash Credit

 

Here is how you can start your investment with Kalyan Thev Yojana:

 

• Open a savings account in Janakalyan Bank 
• Apply for Kalyan Thev Yojana
• Choose a tenure period for your deposit
• Deposit a sum of money
• Submit the form along with the required documents

And you are good to go!

 

It is said that, on average millionaires have 7 sources of income. Take the first step on your journey towards financial freedom, and start by investing in a risk-free fixed deposit scheme! Open your account for Kalyan Thev Yojana today.