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The savings plan which was initially only meant for the farmers encourages long term savings among the people.
Best saving plan for 1 year. Now it is available to everyone. However leaving your money in a savings account ensures no decline in your principal amount as there is no effect of market fluctuations on your savings. Endowment plans are regular saving plans which help build a corpus and give guaranteed maturity benefits along with bonuses. Best savings plans in insurance sector endowment plans.
Sep 12 2020 learn multiple ways to save money. This savings plan by the indian post office doubles whatever money is invested in a period of 100 months i e eight years and four months. The minimum investment for this savings plan is rs. Get savings plans money saving tips and how to save money.
Best investment option in india for 3 years 1. See more ideas about money saving tips ways to save money saving tips. These bonds had tenure of 7 years. These bonds were launched by replacing the erstwhile 8 percent savings taxable bonds 2003 with the 7 75 per cent savings taxable bonds with effect from january 10 2018.
The product is the best saving plan in india as they give returns that are equivalent to a fixed yield or deposit.
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