You should manage your family's finances and avoid unexpected expenses with the use of a savings plan. If you have a savings strategy, you will be aware of how much cash you have set aside for unforeseen expenses or emergencies. You can use this to make smart retirement investments and plan for the future.
National Saving Certificate
The government-backed National Savings Certificate is a savings programme that aims to provide you with assured returns and a tax-saving choice. You can invest according to this saving plan's lock-in duration of five years in the NSC.
Senior Citizens Saving Scheme (SCSS)
The SCSS was created with an eye towards the special requirements of India's older citizens (individuals above 60 years of age). This greatest saving and investing plan is also open to those who have retired early or chosen for the Voluntary Retirement Scheme (VRS) and are between the ages of 55 and 60.
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