Sat, Sep 09, 2023
There are some initiatives that provide funds in a lump sum, however, opting for the schemes that offer funds periodically is way better as it ensures a consistent source of income.
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Tue, Sep 05, 2023
SCSS offers a higher rate of interest of 8.2 per cent and the investment is eligible for deductions under Section 80C. On the other hand, all term deposits are not eligible for tax benefits and give lower return on investment.
The Senior Citizen Savings Scheme is a government-backed savings instrument. The investment option is eligible for tax deductions up to Rs 1.5 lakh under section 80C of the Income Tax Act, 1961.
Thu, Nov 23, 2017
Mutual fund market is a pool of savings contributed by multiple investors. Investment in this fund can be done in various asset classes like equity, debt and liquid assets.
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