Raksha Bandhan, a cherished festival of bond between brothers and sisters. This year Raksha bandhan is observed on 19th August 2024. As Raksha Bandhan is approaching soon, India is sparkling with the beautiful arrays of Rakhi.
Every Raksha Bandhan sisters tie a sacred thread or Rakhi around their brothers wrist and in return brothers promise them to protect them forever and even give their sisters beautiful and precious gifts as the token of their love.
Brothers give their sisters dresses, jewellery, photo frames, makeup accessories, chocolates, gadgets, etc. and sometimes brothers give some cash to their sisters in the form of Shagun (auspicious gift).
But this year let's bring a mini change in these gifts. This year gift your sister with some financial gifts.
Financial gifts not only include cash but it includes some long term investments for your sisters future security and prosperity. This Raksha Bandhan gifts your sister with some financial knowledge and skills to build lasting wealth.
Brothers can introduce their sisters to fundamental investment options such as stocks, bonds, Mutual Funds, SIPs (systematic Investment Plans), ETFs, FDs (fixed deposits), etc.
Gifting cash on rakhi is a classic and versatile gift that allows her to spend as per her will. But providing these financial gifts will be more thoughtful in terms of her long term investments and commitments. Brothers can help her to open a retirement account like 401(k) or IRA and explain the benefits of tax-advantaged savings. Or giving her a gold or silver coin on rakhi will be a both precious and practical gift in terms of investment, gold or silver have great significance in our mythology also.
Even a gift card of her favourite shop and retailer is also a wonderful gift because she can buy whatever she wants from that gift card.
Make this Raksha Bandhan more delightful and memorable with your family. Gift your sister these thoughtful financial gifts for her betterment for a long term and to secure her future.