The National Savings Certificate (NSC) is a fixed-income savings plan that you can open with any post office in India.
The SCSS savings plan is a safe and reliable investment option for Indians. It was developed by the Indian government.
Recurring deposits are recurring payments made to your account regularly. These are usually in the form of fixed deposits. They allow you to save money for a longer period.
The Post Office Monthly Income Scheme (MPI) is a savings and investment programme under which you can save money at the post office.
Kisan Vikas Patra is a safe savings plan backed by the government. Though it was mainly for farmers initially, it is now open to other sections of society and is seen as an attractive investment.
PPF is the safest and most popular option for saving in India. Contributions to your PPF account can be claimed as tax deductions under section 80C of the Income Tax Act if one invests up to Rs. 1.5 lakhs per financial year.
The Sukanya Samriddhi Yojana is a government savings scheme that allows parents or legal guardians to open an account for a girl child who is 10 years old or younger.
The Atal Pension Yojana (APY) is a government-initiated savings scheme that provides regular income to the weaker section of society.
The Employee Provident Fund Organisation (EPF) is a government-run retirement savings scheme where salaried individuals make an equal financial contribution towards their Provident Fund (PF) account
A fixed deposit is a type of bank account that allows you to lock in your money for a fixed period. The amount you deposit will be held in the bank's savings account and unavailable for withdrawal until the maturity date.