Financial gifts you can give your sister this Raksha Bandhan 2022

Financial freedom is one of the best present a brother can give his sister. And what might be a greater day than Raksha Bandhan for a similar. Raksha Bandhan is among the most auspicious festivals that celebrates the loving bond between a brother and sister. A sister ties a Rakhi band to her brother’s wrist wishing him a wholesome and affluent life forward. The brother in return offers her gifts as a token of affection.

From money to garments to present vouchers to devices…the checklist of gifts given to sisters is never-ending. However, somewhat than bestowing gifts that give immediate gratification, brother can present their sisters a a lot larger present that can set her financially free for all times.

Here is an inventory of the highest monetary merchandise that you can think about gifting your sister on Raksha Bandhan 2022

Fixed Deposit (FD): You can make a set deposit (FD) in your sister’s identify.

Mutual fund: Mutual fund funding is a good present for your sister. 

Health insurance coverage plan: You can additionally pay premium for a medical insurance coverage on your sister’s behalf to guard her from uncertainties.

Digital gold: Instead of gifting bodily gold, digital gold is one other choice to present to your sibling.

Stocks: Gifting shares can also be a good suggestion. You can present shares of blue chip firm with long run funding in focus. You ought to talk about with your monetary planner if you have little information of this.

Anil Pinapala, CEO & Founder of Vivifi India Finance says monetary literacy and robust credit score historical past are the cornerstones of monetary freedom. 

“With an intention to allow her to realize monetary freedom, he can assist her develop monetary self-discipline and study to make knowledgeable monetary selections to ultimately attain monetary freedom whereas focussing on her profession. An open-ended Line of credit score from FlexPay with probably the most versatile compensation choices and no hidden costs can assist her to start out constructing a a powerful credit score profile and a fantastic credit score rating. Moreover, the road of credit score can assist her handle private bills or pay tuition charges to proceed her research and be ready for sudden occasions with out having to fret about monetary penalties,” Anil said.

Rikant Pittie, Co-Founder, EaseMyTrip says giving a travel credit card with special travel privileges can be the perfect present for this Rakshabandhan. 

“Your loved ones can use this gift to support their long-weekend trip plans. The EaseMyTrip and Standard Chartered Co- Branded Credit Card offers access to year-round quick deals on hotels and flights via the EaseMyTrip website/mobile application,” stated Rikant Pittie.

“Gift her safety towards Black Swan occasions particularly well being associated by getting her a complete medical well being package deal. Second is to get her began on saving devices like fairness linked Systematic Investment Plans (SIP). SIP in fairness that are increased yielding devices will be sure that her objective of monetary freedom is achieved sooner. However, the instrument for SIP can be chosen primarily based on sister’s age,” said Vikas Singhania, CEO, TradeSmart.

Raksha Bandhan 2022 date, timings

Raksha Bandhan falls on the full moon day of Shravan. Although, this year people are confused about the day and the auspicious time to celebrate Rakhi. Many people are claiming that Raksha Bandhan is on August 11, while others are saying that it is on August 12.

 

 

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