Women’s Day 2024: Know About Saving Schemes For Homemakers

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Effective Saving Schemes For Women

Gold is a favoured investment choice among Indians, offering a secure and reliable avenue with consistent returns. Homemakers have diverse options to invest in gold, including gold coins, gold Exchange Traded Funds (ETFs), or participating in gold savings schemes provided by jewellers.

Saving Scheme

Real Estate

Real estate presents an excellent opportunity for housewives to cultivate passive income and foster long-term wealth accumulation. Options for investment include acquiring properties directly or investing in real estate mutual funds or REITs (Real Estate Investment Trusts).

Real Estate

Savings Account

Savings accounts serve as a secure and readily accessible investment avenue tailored to housewives. With a fixed interest rate, these accounts can be established at any bank, offering stability and ease of access.


Recurring Deposit (RD)

RDs are an accessible saving option for housewives who prefer a systematic approach to saving. By depositing a fixed amount at regular intervals, housewives can cultivate a habit of saving while earning modest returns on their investments.


Atal Pension Yojana (APY)

The APY is an initiative offering benefits to housewives and individuals in the unorganized sector. Through affordable contributions, starting as low as Rs 42 per month, APY ensures financial security in retirement, providing a guaranteed pension amount ranging from Rs 1,000 to Rs 5,000 per month.


Sukanya Samriddhi Yojana (SSY)

SSY is a government-backed saving scheme specifically designed to cater to the financial needs of the girl child. This scheme offers attractive interest rates and tax benefits, making it an ideal option for long-term savings.


Pradhan Mantri Vaya Vandana Yojana (PMVVY)

PMVVY is a pension scheme targeted towards senior citizens, offering guaranteed returns and regular income post-retirement. While it may seem unrelated to housewives at first glance, PMVVY can be a valuable saving scheme for those looking to secure their financial future during retirement.

Compiled by Syed Muskan