Raksha Bandhan 2021 Special! From Fixed Deposit to opening of bank account - here are 5 financial gifts for your sister
Entire nation will be celebrating the bond of brothers and sisters on Sunday, August 22. As sisters tie rakhi on the wrist of their brothers they also receive certain gifts. Are you still wondering what should you gift to your sister this Rakhsha Bandhan? Here are 5 financial gift ideas which you can consider.
Fixed Deposit (FD)
You can invest some amount in bank Fixed Deposit or term deposit in the name of your sister. Bank FDs are considered to be a good option when you are planning for short-term financial goals and needs. (Image source: Reuters)
Gold
India is a country where people buy gold as mark of wealth. It not only makes you look pretty but can also help you during financial crisis. You can gift physical gold including bars, coins, jewellery etc. to your sister or can also go for Sovereign Gold Bond, Gold ETFs, etc. (Image source: IANS)
Mutual Fund investment
Financial support is one of the best things you can gift to your loved ones. Mutual fund investments can be one of the gifts you can give to your sister as it multiplies the wealth and counter inflation over a longer period of time. (Image source: IANS)
Insurance cover
Covid-19 pandemic has taught us how important it is to have insurance covers so that you can meet emergency financial crisis. You can opt life and health insurance covers or any other insurance cover of your choice. (Image source: Reuters)
Opening a bank account
The most simple and important thing which you can gift to your sister is a bank account. The money you wish to gift her can be deposited in this account. (Image source: Reuters)