Savings and investment both are means of achieving financial security for the present as well as for the future. The difference between savings and investment is caused by the factor of risk. In savings, the risk factor is almost absent but in investment the risk factor is always involved with the money.
Savings can be termed as money that is saved through a bank or any other financial organization that provides the facility. This savings is done for a long period but the growth rate of money is very low. On the other hand, investment provides the growth opportunity to the money.
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