5 Best Small Saving Schemes in India with Higher Returns

Someone has correctly said that earning money is harder but managing is hardest. Though, savings is the only vehicle that can help you achieve your financial goals.

Yet, due to huge dissimilarities between income and expenditures, everyone is not able to save money. So, in order to resolve this problem, the government has launched various small saving schemes in India which will benefit small investors.

These schemes help individuals use a part of their income to secure the future. You only need to make a little contribution and have some patience, it will get you a higher return.

Here, in this article, we’ve mentioned detailed information on the five best investment options.

Why Do People Need to Invest in Small Saving Schemes?

5 Best Small Saving Schemes in India

1. National Saving Certificate (NSC)

2. Public Provident Fund (PPF)

4. Post Office Monthly Income Scheme (MIS)

5. National Saving Time Deposit Schemes (TD)

You can open this account for only Rs 1,000 and there is no maximum limit. Apart from this, it qualifies for the benefits of Section 80C of the Income Tax act.

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