NPS is open to all government employees in India to live independently after retirement. The investments made upto Rs. 50,000 are eligible for tax deductions under the income tax act.
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You can invest minimum is Rs. 100. The interest rates are fixed by GoI based on inflation and other factors. Inverstor should check eligibility before selecting the plan.
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PMJDY is aims at providing financial services and products for individuals who don’t have a bank account. The minimum age to open an account is 18 years and 10 years for minors.
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APY is the best investment plans in India for age group 18-40. Investors will get a guranteed pension amount ranging from Rs. 1000 to Rs. 5000 bsed on the tenure and investment amount.
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It is a retirement cum pension plan for senior citizens above 60 years. The scheme provides a regular fixed sum with an interest rate of 8% to 8.3% for 10 years. It offers a monthly pension of Rs. 1000 after purchasing a price of Rs. 1.5 lakhs.
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The best option available for investors when they don’t want to own and save gold. The bod comes in Demat form, and TDS is not applicable. It also ensure transparency.
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The maturity period range from 91 days to 40 years, depending on the securities. Investors can even use them as collateral when they want to borrow funds in the repo market.
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NSC is a tax saving investment scheme offered by the post offices in India. You can save taxes up to ₹1.5 lakh per annum by investing in a five-year NSC. On maturity, you get the compounded returns along with your principal amount.
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