List of Best Saving Schemes in India

Different Types of Saving Schemes Available in India

FAQs about Saving Schemes

What is the lock-in period of the EPF scheme? up-arrow

The lock-in period for the EPF scheme is generally five years.

What factors should you consider before selecting the right scheme? up-arrow

You should consider the following factors while selecting the right scheme:

  • Rate of interest
  • Risks associated
  • Tax payable on returns
  • Minimum and maximum amount that you can invest

What are the advantages of investing in a savings scheme? up-arrow

Some of the advantages of depositing money in a savings scheme include earning interest on your investment, providing funds in case of sudden job loss, ensuring safety of your money, planning your financial goals, and so on.