Consider alternative instruments for investment: Jaitley

New Delhi, July 29  Finance Minister Arun Jaitley on Friday made a case for investment into alternative instruments instead of bank deposits for better returns.

"The conventional deposit rate, the lending rates, are very low, but you have very powerful alternative instruments, in which if you invest, you can earn a lot higher," he said here at the launch of state-run State Bank of India's wealth management offering SBI Exclusif.

"That is how pension funds and sovereign funds are surviving and doing extremely well the world over," he added.