India’s comprehensive saving schemes include the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Senior Citizens Savings Scheme (SCSS), and tax-saving Fixed Deposits (FDs). PPF offers long-term tax-saving benefits, SSY focuses on securing the future of the girl child, SCSS caters to senior citizens, and tax-saving FDs provide a flexible avenue for tax-efficient investments. These schemes collectively encourage disciplined savings, address diverse financial needs, and contribute to the overall economic stability of both individuals and the nation.
Introduction to PPF (Public Provident Fund) The Public Provident Fund (PPF) is one of the most common and popular saving schemes, backed by the Government of India, making it a safe option for long-term investment. It is also one of the best ways to save tax. With disciplined investing, individuals can achieve significant wealth accumulation […]
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What is Sukanya Samriddhi Yojana Scheme (SSY)? Sukanya Samriddhi Yojana (SSY) ( सुकन्या समृद्धि योजना ) is a special saving scheme just for girls to help them with their financial needs for higher education and marriage. SSY was introduced by government of India on 22 January, 2015. Are you concerned about the financial burden of
