How to Save Money for Higher Education?

What Are the 4 Top Ways to Save Money for University?

What Are the Effective Ways to Safeguard the Saving Process?

FAQs on How to Save Money for Higher Education

Where should I invest to get assured returns for students?

up-arrow
Public Provident Fund (PPF) and National Saving Certificate (NSC) are two investment tools that guarantee returns over the long term. As these are centrally backed schemes, students can easily rely on them. However, they offer low liquidity as the lock-in period is a minimum of 5 years.

How to save up for university costs within a short period?

up-arrow
Investing in mutual funds is an excellent option, although it involves slight risk as the profit parameters are dependent on market metrics. These financial possessions can help you achieve substantial returns within 3-5 years if arranged perfectly to complement your goals under the guidance of fund managers. For added credibility, you can invest in reputed banking organisations of India that operate their own mutual funds.

What is the smartest way to save money for higher education?

up-arrow
It is essential to have an idea on how much you should approximately save to pursue a particular course. Next, break the overall saving process into achievable milestones and keep a track on your progress map. Finally, make adjustments to utility expenses to further boost your savings.

Disclaimer

up-arrow

  • This is an informative article provided on 'as is' basis for awareness purpose only and not intended as a professional advice. The content of the article is derived from various open sources across the Internet. Digit Life Insurance is not promoting or recommending any aspect in the article or its correctness. Please verify the information and your requirement before taking any decisions.
  • All the figures reflected in the article are for illustrative purposes. The premium for Coverage that one buys depends on various factors including customer requirements, eligibility, age, demography, insurance provider, product, coverage amount, term and other factors
  • Tax Benefits, if applicable depend on the Tax Regime opted by the individual and the applicable tax provision. Please consult your Tax consultant before making any decision.

Latest News

Currently there are no news to show.

Read More

Renew & Download Policy Document, Check Challan, Credit Score, PUC & more

Anytime, Anywhere. Only on Digit App!

google-play-icon

Rated App

app-store-icon

Rated App