Which Type of Savings Plans Suit You?
Different savings plans are offered by banks, financial companies, and the government to motivate people to invest and earn returns. So, here are the top savings schemes. Savings Plan Types NSC (National Savings Certificate) It’s a government-backed savings plan that offers assured returns with tax-saving benefits. You can invest in it at a post office. The lock-in period is 5 years. The government revises the interest rate once in each quarter to take a decision. Nevertheless, the rate remains unchanged during the term after you buy the certificate. You can…
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