Be careful! A savings account is not increasing your money, it is 'decreasing' it, know this bitter truth today, otherwise you will regret it for the rest of your life.

Many people consider their earnings safe by keeping them only in savings account, but due to low interest and increasing inflation, money actually decreases. Future is secure and wealth creation is possible only with the right investment.

Everyone wants that their hard earned money should not only be spent on expenses but should also be saved for the future, then it is necessary to invest for this. Usually people think that they are safe now by keeping their earned money only in savings account, in fact the reality is that the interest in savings account is very low compared to the rate of inflation, due to which the value of your money gradually decreases. So in such a situation, it is wise to choose the right investment option and move towards wealth creation.

If you are keeping your entire savings in savings account, then this habit is slowly weakening your pocket. That is because the interest rate on savings account can be only 2 to 7%, while the inflation rate is around 6%.

Then it is clear that if you have ₹ 1 lakh in your account right now, then you will get only ₹ 200-₹ 275 interest on it in a year, along with this the real value of your money will also decrease every year. So now is the time to become a smart investor instead of keeping all the money in savings account, so that the money is not only saved but also grows.

Where to invest?

At present there are many safe and good return giving options for investment. Post Office's Small Saving Schemes like PPF, MIS, SCSS and KVP can be the best for you because these schemes give guaranteed returns and are supported by the government. Apart from this, you can invest in bank FD, NPS, SIP, mutual funds. If you can take risk, you can also invest money in the stock market.

Actually, you can get good returns in all these options. So you can invest in any according to your need etc. (Note: This article is for information only and should not be considered as investment advice in any way, it is suggested to consult financial advisors for investment)