Best investment options for retirement in india

There are lots of small saving schemes available in India that helps tax savings too. Many of them provides you guaranteed returns, high interest rates, tax savings under various sections of Indian Income Tax Act and much more benefits.

These small savings plans not only provide growth to your money but also provide you with financial security at various stages of your life. It depends on your needs what product suits you best. You must go through the scheme documents before starting any investment scheme. Each financial plan has its own advantages and shortfalls, only a good research will save your hard earn money.

For an example if you are looking for short term savings then you can invest your money in post officesgovernment bonds, mutual funds, and if you are concentrated to long term savings then public provident funds PPFlife insurancelong term bank deposits FDs, RDs can help you.

When you want to invest your hard earned money for a longer period of time and get a regular income, Fixed Deposit Scheme is ideal. It is SAFE, LIQUID and FETCHES HIGH RETURNS.

Recurring Deposits Under a Recurring Bank Deposit Saving Scheme, investor invests a specific amount in a bank on a monthly basis for a fixed rate of return. The deposit has a fixed tenure, at the end of which you get your principal sum as well as the interest earned during that period.

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Government Tax Savings RBI Bonds, or RBI Relief Bonds RBI Bonds are tax saving bonds that have a special provision that allows the best investment options for retirement in india to save on tax.

These Bonds are instruments that are issued by the RBI.

The interest is compounded half-yearly. Maturity period of RBI Bonds is five years, and interest received is tax-free in the hands of the investor.

Post office saving schemes are know as best small saving schemes, as the post offices are spread all over the country they have trust and easy accessibility. Popular schemes are PPFMISRDNSCKVP etc. Interest accrued in respect of NSC VIII issue. Deduction under section 80 CCC 1 This section allows a deduction of up to Rs.

Forex trading using fibonacci elliott wave pdf premium can be paid towards health insurance of spouse, dependent parents as well best investment options for retirement in india dependent children.

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Under this section, Interest forex point vs pip borrowed capital for the purpose of house purchase or construction is deductible from taxable income up to Rs. Ahmadabad Bangalore Delhi Mumbai Pune Tax Savings Best Investments Safe Bank Post office Pension Retirement.

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Under a Recurring Bank Deposit Saving Scheme, investor invests a specific amount in a bank on a monthly basis for a fixed rate of return. Recurring Deposit provides you the element of compulsion to save at high rates of interest applicable to Term Deposits along-with liquidity to access that savings any time. Infrastructure Bonds Infrastructure bonds are available through issues of ICICI and IDBI, brought out in the name of ICICI Safety Bonds and IDBI Flexibonds.

These provide tax-saving benefits under Section 88 of the Income Tax Act,for the investor. You can reduce your tax liability by upto Rs 16, per annum. Fixed deposits in companies that earn a fixed rate of return over a period of time are called Company Fixed Deposits. Financial institutions and Non-Banking Finance Companies NBFCs also accept such deposits.

Life insurance saving schemes for government owned Life Insurance Corporation of India and other private life insurance companies like Bajaj AllianzBirla Sun Life Insurance, HDFC Life InsuranceICICI Prudential and more.