Financial Gifts You Can Give Your Sister This Raksha Bandhan 2022

Financial freedom is the best gift a brother can give his sister. And what better than Raksha Bandhan for the same. Raksha Bandhan is one of the most auspicious festivals which celebrates the bond of love between a brother and a sister. A sister attaches a Rakhi bracelet to her brother’s wrist wishing him a healthy and prosperous life. The brother in return offers him gifts as a sign of love.

From cash and clothes to gift certificates and gadgets…the list of gifts given to sisters is endless. However, rather than giving gifts that provide instant gratification, a brother can give his sisters a much larger gift that will make her financially free for life.

Here is a list of the best financial products you can consider giving your sister on Raksha Bandhan 2022

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

Mutual fund: Investing in a mutual fund is a great gift for your sister.

Health insurance plan: You can also pay a premium for a health insurance policy in your sister’s name to protect her from uncertainties.

Digital Gold: Instead of gifting physical gold, digital gold is another option to gift your sibling.

Shares: Offering shares is also a good idea. You can offer stocks of blue chip companies with a long term investment. You should discuss with your financial planner if you have little knowledge about this.

Anil Pinapala, CEO and Founder of Vivifi India Finance, says financial literacy and a strong credit history are the cornerstones of financial freedom.

“With the intention of enabling him to achieve financial freedom, it can help him develop his financial discipline and learn how to make informed financial decisions to eventually achieve financial freedom while focusing on his career. One line FlexPay’s open-ended line of credit with the most flexible repayment options and no hidden fees can help him start building a solid credit profile and a great credit score. manage personal expenses or pay tuition to continue education and prepare for unforeseen events without having to worry about the financial consequences,” said Anil.

Rikant Pittie, co-founder, EaseMyTrip says giving a travel credit card with special travel privileges can be the perfect gift for this Rakshabandhan.

“Your loved ones can use this gift to support their long weekend travel plans. The EaseMyTrip and Standard Chartered co-branded credit card offers year-round access to quick deals on hotels and flights via the website/ the EaseMyTrip mobile app,” said Rikant Pittie.

“Give him protection against Black Swan events, especially health-related, by giving him a comprehensive medical package. The second is to get it started on savings instruments such as equity-linked Systematic Investment Plans (SIPs). The SIP in stocks, which are higher yielding instruments, will ensure that his goal of financial freedom will be achieved faster. However, the instrument for SIP can be selected based on the age of the sister,” said Vikas Singhania, CEO of TradeSmart.

Raksha Bandhan 2022 date, times

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

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