Raksha Bandhan, a festival that displays the bonding of a brother and sister is on the verge of coming. On the day of Raksha Bandhan sister tied a thread in the hand of their brother and in return brother promises to keep her safe in every situation of her life. In addition to this, brother also gives various gifts to his sister. The most common gifts given by a brother to sister are chocolates, money, clothes, box of sweet, accessories, etc.
It’s time to do something different and give your sister a unique kind of gift which is completely unconventional. Give your sister financial security so that she does not need to bend in front of anyone and can led an independent and tension free life. So, today in this article, I am going to share with you 10 fabulous financial Raksha Bandhan gifts to your sister. Let’s get started.
Financial Raksha Bandhan Gifts To Your Sister
1. Fixed Deposit
An unconventional Raksha Bandhan gift could be a fixed deposit for your sister. Instead of giving cash to your sister, start a FD for her. It provides a good rate of return on the money invested. Just select a nationalize bank and open a fixed deposit account in the name of your sister.
2. Start Mutual Fund SIP
You can also start a Mutual Fund SIP in the name of your sister as a Raksha Bandhan gift. The best part is you can start a mutual fund SIP with just a sum of Rs. 500. With time to time, you can increase the SIP. Why to give your sister clothes or sweets, buy a mutual fund SIP so that she can realize her dream without any financial difficulty.
3. Gold ETF
Why to give cash to your gift, instead give gold ETFs to your sister as financial Raksha Bandhan gifts. Gold ETF’s are open ended funds that tracks the price of gold. Each gold ETF cost is equal to 1 gram of gold. So, in this Raksha Bandhan, gift your sister Gold ETF and safeguard her future and help her in accomplishing her dreams.
4. Buy Equity for your sister
Though equity is a risky investment but you can invest in those equity scrips that are to somewhat extent safe and secure. The choice is yours whether you want to purchase a new share for your sister or transfer your own share from Demat account to her Demat account.
5. Systematic Withdrawal Plan
SWP or Systematic Withdrawal plan is a plan which acts as a regular source of income. It is another unique and good financial Raksha Bandhan gift to secure your sister’s future. This would be best gift if your sister is newly married and looking for a regular source of income. She won’t have to depend upon her in- laws for everything, she would be having investment to spent on her own.
6. Silver or Gold
You can give your sister gold or silver in the physical form. It could be a coin or a jewelry. It will provide her financial security in the near future.
7. Pay off her liabilities
If you really want to see your sister happy and without any burden, the best gift would be to repay off her liabilities so that she can led a happy and tension free life.
8. Buy Medical Insurance for her
Another financial Raksha Bandhan gift for your sister will be to either buy a medical insurance for her or renew it on her behalf. On Raksha Bandhan you promise your sister to protect her then why not take care of her health first.
9. Open a Bank Account for her
If your sister is young, you can open up a new bank account for her. Deposit the amount that you want to give to her as a gift in this account. Teach her how to operate the bank account and help her taking the first step towards the financial world, so that she never has to bend in front of anyone for the money ever.
10. Give Gift Card to Your Sister
Open the bank website in which you are holding an account. There is a gift card facility in it. You can give gift card of Rs. 500 to 50,000. If she loves shopping, she will be very happy to receive this gift.
I hope the Raksha Bandhan gifts that I have provided above have definitely help you in deciding the best gift for your sister.