Table of Contents
Which policy is best for saving?
Best Government Saving Schemes in India
- National Savings Certificate (NSC)
- National Savings Scheme (NSS)
- Public Provident Fund (PPF)
- Post Office Savings Scheme.
- Senior Citizen Savings Scheme (SCSS)
- Sukanya Samriddhi Yojana (SSY)
- Atal Pension Yojana.
- Employee Provident Fund (EPF)
Which is the best investment policy in India?
Best Investment Plans in India to Invest in 2021
| Investment Plans | Plan Type | Policy Term |
|---|---|---|
| Bajaj Allianz Fortune Gain | ULIP | 7 – 30 years |
| Bajaj Allianz Retire Rich | Unit-Linked pension plan | 7 – 30 years |
| Canara HSBC Smart Monthly Income Plan | ULIP Plan | 5 – 30 years |
| Edelweiss Tokio Guaranteed Income Plan | ULIP Plan | 5-25 years |
Which scheme gives more interest?
Comparison table
| Scheme | Duration | Rate of Interest* |
|---|---|---|
| NSC | 5 years | 6.8\% p.a. |
| Post Office Monthly Income Scheme | 5 years | 6.6\% |
| Senior Citizens Savings Scheme | 5 years | 7.4\% p.a. |
| Kisan Vikas Patra | 124 months (10 years and 4 months) | 6.9\% p.a. |
Which is the best plan for saving money in India?
Best Saving Plans. 1 1) National Savings Certificate. The National Savings Certificate (NSC) is a fixed income saving plan that one can open with any post office in India. 2 2) Senior Citizen Savings Scheme. 3 3) Recurring Deposits. 4 4) Post Office Monthly Income Scheme (MIS) 5 5) KVP (Kisan Vikas Patra)
What are the best savings schemes to invest in?
Amid the best savings schemes, fixed depositsare most preferred because of their stability and high returns. You can also look for some other saving schemes, which could suit you in terms of tenor, returns, risks and credibility.
What is an insurance-based money-saving policy?
An insurance-based money-saving policy provides insurance coverage and creates wealth at the same time. You can protect your family and achieve your long-term financial goals with a systematic savings policy. When I was looking for a long-term savings plan in India, I conducted a lot of research into the topic.
What are the benefits of money-saving plans?
Liquidity: A money-saving plan like a money-back plan is a great way to meet intermittent liquidity requirements at important stages in life. Since the payout intervals are fixed, a money-saving plan helps in the careful planning of crucial requirements at important milestones in life.