[JASPREET]

If you like to invest your money for long term and don't like to take any risk then you should look for Public Provident fund in India and I am sure other countries have some schemes too. In India you can start with as low as INR 1000 and can earn 8% interest on your deposit, the max to invest is INR 100,000 and it has a locking period of 15 years so you can save your money in this and earn extra interest more than your bank FDs.

[Fergal]

Could you please give a little more info on what a Public Provident fund is Public Provident fund is @Public Provident fund, for those of us who are not familiar with the concept?

[Kenti]

The closest we have in my country is fixed deposit but the interest is not worth it.

[Yugocean]

Could you please give a little more info on what a Public Provident fund is Public Provident fund is @Public Provident fund, for those of us who are not familiar with the concept?

This is available only in India, people are allowed to save money on a limited amount every year for tax free savings.