The stock markets crashed again on Wednesday as the world continues to deal with coronavirus outbreak. Both Sensex and Nifty dropped to their lowest levels in three years. Zee Business has launched a campaign to shut down the markets; Zee Business hashtag #BandKaroBazaar is one of the top trends globally while at number two in India. At this time, it is crucial for investors to stay away from stocks and opt for schemes that give guaranteed returns.
Here are some fixed return savings you can opt for during the coronavirus crisis:
Fixed Deposits (FDs)
Bank fixed deposits have been considered the safest investment option for the longest time and now you know why. They offer you higher interest than a regular savings bank account and have tax benefits if the money is parked for more than 5 years. There are additional benefits for senior citizens as well.
Public Provident Fund (PPF)
Public Provident Fund comes with a lock-in period of 15 years but you get a fixed return in this tenure…