Systematic Invesment Plan

Systematic Investment Plan.......
Also known as SIP - it is very good option for small investors or employees who want to invest in share market but avoid it because of risks. SIP  just same as recurring  - can be start from Rs.500 ( some companies offer Rs.100 also) to max no limit. Investment is through mutual funds and there include small transaction charges. It is more profitable than Bank FD or RD. One thing should remember that SIP is for long term minimum for 3 years give good interest with small investment.

tips for your savings accounts ......
Everyone has a savings account with one or many banks. You can earn max interest on this account is 4 - 6%. If you have amount more than Rs.10,000 then you can convert your savings account to FD flexible account such that u can gain interest as per fixed deposits. And at any time you can break it for your need. Many banks offering such accounts. Also open RD account with bank where u can pay your installment through netbanking & mobile.SBI is good one.