Savings Plans

Provides fixed payouts between ₹1,000 and ₹5,000 per month based on the subscriber's age and contribution. 

Benefits are backed by the Central Government, ensuring stability for retirees.

Open to citizens aged 18 to 40. 

Tax exemption is available under Section 80C of the Income Tax Act. 

A government-supported savings scheme for employees in the organised sector to build retirement capital.

Both employee and employer contribute a fixed portion of salary to the fund every month.

Managed by the Employees' Provident Fund Organisation (EPFO) with annual interest rate reviews.

The interest rate for FY 2025-26 is 8.25% p.a., compounded annually.

Tax exemption under Section 80C with EEE (Exempt-Exempt-Exempt) status.

These life insurance policies combine protection with a savings component for wealth building.

Structured to help policyholders achieve future financial goals systematically.

Family receives financial support in case of an unforeseen event during the policy term.

No mandatory lock-in period, offering flexibility in financial planning.

Tax⁵ benefits are available under Sections 80C and 10(10D) of the Income Tax Act.

A small savings scheme offered by India Post, originally for farmers but now open to all citizens.

Offers a fixed interest rate of 7.5% per annum for a term of 2 years and 6 months.

Backed by the Government of India, ensuring returns as specified on the KVP certificate.

An account can be opened at any post office with a minimum deposit of ₹1,000.

A KVP certificate can be pledged as collateral to obtain a loan.

Savings-oriented life insurance with periodic payouts during the policy term.

Designed for individuals preferring to receive funds at specific intervals for planned needs.

Suitable for short-term or long-term expenses like purchasing a car or buying a home.

A minimum lock-in period of 3 years is applicable for these plans.

Tax⁵ benefits under Sections 80C and 10(10D) of the Income Tax Act.

This is the type of monthly savings plan providing a steady income at regular intervals for additional earnings.

Suitable for people wanting extra income to support regular expenses or retirement needs.

Ideal for covering daily household costs with predetermined payouts.

No mandatory lock-in period, offering withdrawal flexibility when needed.

Tax benefits are available under Sections 80C and 10(10D) of the Income Tax Act.

Pooled investment vehicles that collect capital from many investors to create a diversified portfolio.

Invest in a mix of assets like shares, bonds, and other securities.

Managed by professional fund managers to meet specific investment objectives.

Suit different risk levels from safer debt funds to higher-risk equity funds.

ELSS (Equity Linked Savings Scheme) funds qualify for Section 80C tax benefits.

Life insurance-cum-investment product offering assured returns along with life cover.

Designed for individuals prioritising capital protection over market7-linked volatility.

Premiums paid qualify under Section 80C for tax deduction up to ₹1.5 lakh.

Maturity proceeds are tax-free under Section 10(10D) of the Income Tax Act.

Riders like accidental death, disability, and premium waiver can be added for extra protection.

Voluntary savings plans help individuals build retirement funds through market⁷-linked investments.

Open to all Indian citizens with flexibility, low cost, and professional fund management.

Contributions are invested in market-linked securities based on the investor's chosen plan and risk appetite.

At retirement, one can withdraw part of the savings; the remainder is used to buy an annuity for a lifetime pension.

Extra tax benefits of up to ₹50,000 on voluntary contributions under Section 80CCD(1B).

Fixed-income investment offered by India Post, backed by the Government of India.

Provides fixed returns and interest rates are revised quarterly.

Investments up to ₹1.5 lakh per year qualify for tax deduction under Section 80C.

Lock-in period of 5 years with interest compounded annually but payable at maturity.

Suitable for low-risk investors seeking stable, government-backed returns without market exposure.

Government-backed savings plan offering a fixed monthly income without market risks.

Interest rate of 7.4% per annum payable monthly, effective from January 1, 2024.

Maximum investment of ₹9 lakh for individual accounts and ₹15 lakh for joint accounts.

Tenure of 5 years with the option to withdraw prematurely, subject to penalty charges.

Managed by the Ministry of Finance, providing a safe monthly income ideal for retirees.

Safe and reliable savings option for individuals with a low-risk appetite seeking security.

Offers an easy and convenient account opening process, including the option to open in a minor's name.

An interest rate of 4% provides stable returns on deposits without market fluctuations.

No lock-in period, allowing complete flexibility for deposits and withdrawals as needed.

Tax exemption is available under Section 80TTA for interest earned on a savings account.

Zero-balance savings account with interest on deposits, promoting financial inclusion for low-income individuals.

Encourages regular saving habits among the individuals opening a bank account for the first time.  

Provides added benefits like accident insurance, life cover, and access to government subsidies.

Helps account holders gradually build financial discipline and security over time.

No direct tax benefits are available, but it serves as a gateway to the formal banking system.

A government-backed long-term savings plan with a 15-year lock-in.

It pays 7.1% p.a. (Q1 FY25) interest, compounded annually and tax-free.

It can be beneficial to create a retirement corpus or to fund long-term goals securely.

PPF accounts can be extended in increments of five years beyond their date of maturity.

This facility can be a relatively risk-free proposition for risk-averse investors.

A savings option where investors deposit a fixed amount regularly, earning interest on the accumulated balance.

Tenure ranges from six months to ten years, depending on the bank or financial institution.

Interest rates vary with providers, generally ranging between 6% to 8% per annum.

Helps in building savings gradually while earning steady, predictable returns over time.

Interest earned is taxable as per the income slab; no Section 80C tax benefits are available.

Government-supported savings plan under the 'Beti Bachao Beti Padhao' initiative for girl child welfare.

For parents to save for a girl child aged 10 years or below until she turns 18 or gets married.

Interest rate of 8.2% per year, compounded annually and completely tax-free on maturity.

Tax benefits are available on the amount invested, interest earned, and maturity proceeds (EEE status).

Specifically designed to support expenses like higher education and the marriage of a girl child.

Financial products providing both life insurance coverage and investment benefits in a single plan.

Offer life cover while allowing investment in equity, debt, or hybrid funds based on risk appetite.

Investors can switch between different fund options to match changing financial goals and market conditions.

A minimum lock-in period of 5 years is applicable, promoting a long-term, disciplined investment approach.

Tax benefits under Section 80C for premiums and Section 10(10D) for maturity proceeds.

A scheme where employees voluntarily contribute more than the mandatory 12% EPF contribution limit.

Extra contributions earn the same interest rate as EPF, currently 8.25% p.a., decided by EPFO.

The interest rate is reviewed and revised annually by the Employees' Provident Fund Organisation.

Lock-in period continues until retirement age or authorised withdrawal as per EPF rules.

Tax⁵ exemption is available under Section 80C; withdrawals after 5 years are tax-free (EEE status).

SCSS is a secure savings plan exclusively for Indian residents aged 60 years or above.

Allows a one-time investment from ₹1,000 to a maximum of ₹30 lakh for an initial 5-year period.

Offers a fixed interest rate of 8.2% per year, payable quarterly, among the highest government scheme rates.

Accounts can be opened at authorised banks or post offices and are transferable between institutions.

Tenure can be extended for an additional three years after maturity.

A contract between an investor and an insurance company providing periodic payouts for a specified duration or lifetime.

The investor pays a lump sum or regular premiums to receive monthly, quarterly, or annual income streams.

Payouts continue for a pre-determined period or the entire lifetime, depending on the chosen annuity type.

Contributions qualify for tax deductions under Sections 80C and 80CCC of the Income Tax Act.

Ideal solution for retirement income planning with guaranteed pension benefits and financial security.

Choosing the best savings plan for young investors allows them to build a larger saving amount over time.

Starting early often means lower life insurance premiums.

Helps achieve long-term life goals without financial stress.

A savings plan may help plan for children’s higher education, retirement, or buying a home.

Encourage disciplined saving habits as you begin your life together.

A child education savings plan ensures funds for your child’s aspirations.

Provides financial support at important stages of life like school, college, or higher studies.

A low-risk investment for entrepreneurs may help meet personal and business goals.

May be used for business expansion or to maintain stability during challenging times.