4. Post Office Savings Schemes

Post Office Savings Schemes are one of the best and the favourite for the investors who trusts in regular sought of saving. This type of investment also plays an important role in getting exempted from tax payment.

National Savings Certificate (NSC), Post Office Time Deposit, etc. are the most trusted way of saving under this section. They also provide tax benefits under various sections of the tax payments.

Regular employees or the Government employees, senior citizens can get extra benefit from this type of saving scheme.

5. Public Provident Funds (PPF)

Public Provident Funds or the PPFs are the best form of investments. They are the most reliable and can be the maximum beneficial after retirement, children’s education and other requirements related to the family members.

PPFs offer the maturity period of 12 to 15 years with a return rate of 8.8 percent. However, talking about the flexibility, PPFs are less flexible as it offers withdrawal only after the sixth or from the seventh financial year and also has some fixed limitations intact with it.

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