Boost Your Savings By Sitting At Home Through Bonds, SIP And Many More Ways

COVID-19 pandemic has changed our way of living. Before it appearance, we used to live freely and spent our money without thinking. Now we can’t live in the same way as we lived before. We all are facing terrible situations because of this deadly virus.

Many people have lost their jobs due to shut down of many businesses and companies. Lockdown has completely changed our routine life but it can be looked at as an opportunity to increase our savings while sitting at home.
Earlier We were busy in our work so we had no time to think in unique ways of increasing our savings. Now, we have time to explore new things and can find ways to increase savings. Some of the ways to increase your savings are:-


Online Savings In Digital Banks – Nowadays most banks offer online banking. Even there are many digital banks who operate strictly online, they don’t have branches all over the country, nor the overhead costs and payrolls of brick and mortar banks. With lower operating expenses, they are able to pay much higher interest rates on deposits. And now that they have been around for a few years, Online banks are becoming much more accepted by the public.

We should hold money in online banks because they provide high-interest rates as compared to local banks. Example Paytm Payments Bank, Airtel Payment Bank, City Bank, Ally Bank, etc.
You might have savings in local bank accounts like Fixed Deposit, Recurring Deposit, Current Account, and many more accounts. You can make money from these accounts and invest in online banking services to increase your savings. You should start from a small amount of investment and then invest further step by step.

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Invest and Save More – The Money in your bank, piggy bank, or at home is not safe because inflation eats it and reduces its value. For example – Petrol price 3 years ago was 68 rupees per liter and now it is 75 rupees per liter. You can see the change. That’s why you have not to save it but also to invest it so that your money does not get eaten away by Inflation. There are various platforms to invest money like Gold, Silver, Mutual Funds, Index Fund.

Stock Market: A Total Hit: You might have doubts on how to invest in this situation where the share market is shaken because of various businesses shut down. In this situation, you still have enough opportunity to invest in trending companies like TCS, HUL, VST, Bharti Airtel, Indian Oil, and many more. Because there are many companies like mentioned above have regular demand and reputed image in the market.
No matter whatever the situation is food company demands, dairy products and these days most trending Internet facility demands will always on the peak. So without thinking too much you can easily invest in these companies and increase your savings.

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Bonds – You can increase your savings by investing in Bonds. Bonds are another source of income or help to increase your savings. There are two ways to increase and make money by investing in bonds. The first is to hold those bonds until their maturity date and collect interest payments on them. Bond interest is usually paid twice a year. The Second way to profit from bonds is to sell them at a price that’s higher than what you pay initially. Bonds are not traded publicly so you have to buy either from the investors or from brokers. Bonds are considered lower-risk investments than stocks. Bonds come in a variety of options, each with its own set of benefits and drawbacks. These are- Corporate Bonds, Treasury Bonds, and Municipal Bonds.

  • Corporate Bonds tend to offer higher interest rates than other types of bonds but that interest is taxable at both the state and federal levels.
  • Municipal Bonds – The interest on municipal bonds is typically lower than what you will get with comparably rated corporate bonds.
  • Treasury Bonds- These are considered virtually risk free because these bonds have a maturity of 10 years and more, and backed by the full faith and credit of the government. You must buy bonds or invest in them according to their rating. It will help you to decide whether it is a good investment or note.

  • Sovereign Bonds – This is another type of Government bond. You should invest in this bond to increase your saving because this bond is issued by national government generally with a promise to pay periodic interest payments which are called coupon payments and to repay the face value on the maturity date. This is the best time to invest in this bond because nowadays due to Corona Virus the price of gold per gram is less so you can easily buy and keep it until the gold price gets increased.
    For Example- Suppose today’s price per gram Gold is 3000. On that price, you purchase this bond and sell it when its price will be 7000. In other words, if you buy today and keep it till its periodic period and return it when its maturity period over, you will get that amount of gold that is running in the market.

Invest In Digital Currency – You can increase your savings by investing in Digital Currency. The Indian cryptocurrency industry has been growing rapidly despite the nationwide lockdown and the coronavirus crisis. Two new cryptocurrency trading platforms are launching in India. These are CoinswitchKuber and Bitpolo. All you need basic knowledge for the same or you can hire Investor for that. It needs a small amount of one time to invest either to purchase bitcoins or hire investors.

In India, you can purchase Bitcoin from the Zebpay exchange. Zebpay has an Android and iPhone app that lets you link your bank account for quick transfers. Unocoin, another India-based exchange, lets you trade Bitcoins. They can help you buy, sell, store, use, and accept bitcoin. Investing in digital currencies like Bitcoin can seem complicated, but it is much easier when you break it down into steps. You don’t have to understand computer programming to realize that banks, businesses, the bold, and the brash are cashing in on cryptocurrencies.


1. Digital currencies allow users more autonomy over their own money than fiat currencies do, at least in theory. Users are able to control how they spend their money without dealing with an intermediary authority like a bank or government.

2. Remote Access – Like with many online payment systems, bitcoin users can pay for their coins anywhere they have Internet access. This means that purchasers never have to travel to a bank or a store to buy a product. However, unlike online payments made with bank accounts or credit cards, personal information is not necessary to complete any transaction.

3. The bitcoin payment system is purely peer-to-peer, meaning that users are able to send and receive payments to or from anyone on the network around the world without requiring approval from any external source or authority.

Systematic Investment Plans (SIP) –  This is the best method to increase your money or savings in a short time. For those who thought they are just not able to save at all in the lockdown and the options for discretionary spending much lesser, a lot of you might have been able to revisit and subsequently cut down on your expenses then consider starting a SIP with all the money saved from such expenses.
Systematic Investment Plan (SIP) is a method of investing in mutual funds wherein an investor chooses a mutual fund scheme and invests a fixed amount of his choice at fixed intervals. SIP investment plan is about investing a small amount over time rather than investing a one-time huge amount resulting in a higher return.

Real Estate Investment Trusts – If you prefer to avoid stocks and bonds you can also invest in real estate. This is a long term investment. To secure your future or save money, you can invest in real estate. You can do this through real estate investment trusts, which are commonly known as REITs.
REITs are investment trusts that invest in real estate. They’re sort of like mutual funds for real estate. Most typically, they invest in commercial real estate, like office buildings, retail space, and large apartment complexes. But some work on smaller projects, like property rehabs. Still, others track major industry indexes.


Online Tuitions –
Due to lockdown, many schools and colleges are closed so there is a huge demand of online teachers in the market. Teachers who can make worksheets pdf and solve students’ queries while taking online classes. If you have basic computer skills and have good command on any other subjects like English you can take classes while sitting at your home only and earn well.

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Start Your Own Business – In this lockdown, you can start your own business like providing necessary items to people through door shipping. For that, you should buy necessity items in bulk and then sell on good price from which you can earn a profit. In this way, you can increase your savings. Prefer Bulk because it follows the principle that higher the quantity lower will be the price.

Learn and Earn – In this lockdown, you have enough time to learn new skills or update your skills. Today many jobs are reducing but that does not mean that new opportunities are not arising. You can start learning freely on various websites like Coursera, Unacademy and many more. Many new jobs are coming which need new skills, new technology, and different learning abilities. So first learn and then you can start earning by providing the same knowledge on youtube or give tuitions for the same. In this way, you have alternate means of learning.

In this challenging environment, only those will thrive who will never stop learning. More you learn, the more you earn! Right now it is very important to be prepared for future uncertainties. So never stop yourself from learning and increase your savings in numerous ways through the financial aspect or the learning aspect! 

See also  India's Omicron tally rises to 358, Night Curfew & Ban On Gatherings Already Imposed, India Might Soon Announce Total Lockdown

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