By working all your life you must have saved something for your future use to protect yourself and your family from facing any kind of health and financial crisis. If you were a salaried employee in your whole life then you must have received your provident fund and your gratuity amount once you have left your last organization. If in case you have not saved anything from your salary these two things are there to protect your retirement.
If you are not aware of your gratuity amount you can use any online tool to take an estimate about your gratuity amount. However, the amount displayed will be correct according to your last drawn salary and working period but there can be slight fluctuations as per your company. But if your company is working and giving gratuity on the same norms as per the gratuity act then, you must have received the same amount as displayed on the online calculator.
You can visit GratuityCalculator.net for calculation of your gratuity amount online and read below what you can do with your gratuity amount.
1 Investing In Gold
Having gold as gems have their own interests like wellbeing and significant expense. At that point, there are the ‘making charges’, which regularly extend between 6-14 percent of the expense of gold (and may go as high as 25 percent in the event of uncommon plans). For the individuals who might need to purchase gold coins, there’s as yet an alternative. One can likewise purchase shrewdly stamped coins.
2.Real Estate
The house that you live in is for self-utilization and ought to never be considered as a venture. In the event that you don’t mean to live in it, the second property you purchase can be your speculation.
The area of the property is the absolute most significant factor that will decide the estimation of your property and furthermore the rental that it can gain. Interests in land convey returns in two different ways – capital gratefulness and rentals. Nonetheless, resource classes, the land is profoundly illiquid.
3.Bank fixed store (FD)
A bank fixed store (FD) is a protected decision for putting resources into India. Under the store protection and credit ensure company (DICGC) rules, every contributor in a bank is guaranteed up to a limit of Rs 1 lakh for both head and premium sum. According to the need, one may settle on month to month, quarterly, half-yearly, yearly or aggregate intrigue alternatives in them. The financing cost earned is added to one’s pay and is burdened according to one’s salary chunk.
4.National Pension System (NPS)
The National Pension System (NPS) is a long haul retirement-centered venture item oversaw by the Pension Fund Regulatory and Development Authority (PFRDA). The base yearly (April-March) commitment for a NPS Tier-1 record to stay dynamic has been decreased from Rs 6,000 to Rs 1,000. It is a blend of value, fixed stores, corporate securities, fluid assets, and government assets, among others.