LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Personal Finance News

World Savings Day: Women prefer safer investments like PPF, FDs, reveals a study

Women are active savers and prefer to put their savings in safer investment instruments fixed deposits, recurring deposits, PPF or keep money in their savings accounts, a study by digital investment platform Scripbox reveals. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
World Savings Day: Women prefer safer investments like PPF, FDs, reveals a study
Creating an emergency fund topped women's agenda, says a study. Image source: Reuters
Written By: ZeeBiz WebTeam
Edited By: Harish Dugh
Updated: Wed, Oct 30, 2019
07:00 pm
ZeeBiz WebDesk
RELATED NEWS
Want more money? BREAK FREE - This what your financial journey should be | Actionable points for you Want more money? BREAK FREE - This what your financial journey should be | Actionable points for you
Money tip: This lesson will ensure a financially sound life for you before and after retirement Money tip: This lesson will ensure a financially sound life for you before and after retirement
Important money tips for financial planning - What you must know Important money tips for financial planning - What you must know
How to become rich Tips: Build your wealth in this way on auspicious occasion of Diwali 2019 How to become rich Tips: Build your wealth in this way on auspicious occasion of Diwali 2019
How to become rich: Mutual Fund calculator says 10% annual step-up rate doubles your money How to become rich: Mutual Fund calculator says 10% annual step-up rate doubles your money

Women are active savers and prefer to put their savings in safer investment instruments fixed deposits, recurring deposits, PPF or keep money in their savings accounts, a study by digital investment platform Scripbox reveals. Having easy access to their money when they need it is a top requisite for most women. Nearly 44 percent of the women took part in the study said that this aspect is critical to them when they save or invest their hard earned money. Scripbox undertook this survey in the first two weeks of October 2019 on leading Facebook communities. Inputs were received from 400 women. Of these, 54 percent were millennials, 46 percent were non-millennials.

Creating an emergency fund topped their agenda with nearly 36 percent picking this, followed by setting aside money for their children’s education (28 percent) and building a retirement corpus (26 percent) were the other priorities. Nearly 25 percent admitted that they do not have a financial goal in mind.

Watch Zee Business Live TV here:

A majority of women respondents, (35 percent) save between 10 and 30 percent of their monthly income after expenses. About 10 percent save more than 50 percent while nearly 25 percent are able to save nearly 10 percent of their income. The survey explains why women still shy away from investing.

Women are "recklessly cautious":
Nearly 58 percent of the women prefer to save their money in either fixed deposits, PPF or keep in their savings account. About six percent women preferred to buy gold, while 15 percent of women picked mutual funds with their excess income.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Financial PlanningFixed DepositPPF
RELATED NEWS
Want more money? BREAK FREE - This what your financial journey should be | Actionable points for you Want more money? BREAK FREE - This what your financial journey should be | Actionable points for you
Money tip: This lesson will ensure a financially sound life for you before and after retirement Money tip: This lesson will ensure a financially sound life for you before and after retirement
Important money tips for financial planning - What you must know Important money tips for financial planning - What you must know
How to become rich Tips: Build your wealth in this way on auspicious occasion of Diwali 2019 How to become rich Tips: Build your wealth in this way on auspicious occasion of Diwali 2019
How to become rich: Mutual Fund calculator says 10% annual step-up rate doubles your money How to become rich: Mutual Fund calculator says 10% annual step-up rate doubles your money

LATEST NEWS

Garena Free Fire redeem codes update: Check how to grab special redeem codes, free rewards and more

Goa Board Exam 2021 Postponed Latest News: Revised GBSHSE class 10 class 12 exams dates to be notified later - check details here

LIC policy holders' alert: Check policy, premium status online through these steps; Send SMS on THIS number to check other details

International Earth Day 2021 Google Doodle: Just check out the new animated Doodle, short video here

​Maharashtra govt comes out with new precautionary measures - check list of restrictions here

KVS Class 1 Admission List 2021-22 Postponed: First selection and waiting list was to be released tomorrow, revised dates to be notified soon - check all details here

7th Pay Commission Latest News Today: BUMPER! Earn up to Rs 1.19 lakh as per 7th cpc matrix with HRA, DA, TA in this UPSC recruitment 2021 drive

In a chat with Anil Singhvi, EaseMyTrip's Prashant Pitti explains about new pact with Just Dial

Realme 8 5G smartphone launched in India at THIS price - Check camera, specifications, features and more

Market Guru in talk with RJ Salil Acharya of Radio City: People can invest in ICICI Bank and Kotak Mahindra Bank

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved