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Top 5 Financial Savings Instruments in India

Saving money is a great way to build wealth and secure your financial future. With the right savings instruments, you can get a high return on your investments while also taking advantage of tax benefits. In India, there are a variety of financial savings instruments available. Here are the top 5 financial savings instruments in India.

  • 1. Fixed Deposits: Fixed deposits are one of the most popular financial savings instruments in India. They offer high returns with low risk and are ideal for those looking to save for a long period of time. The interest rate on fixed deposits depends on the amount you deposit and the tenure of the deposit.
  • 2. Public Provident Fund (PPF): PPF is a long-term savings instrument offered by the Indian government. It offers tax benefits and has a fixed interest rate of 8.0%. The minimum deposit for a PPF account is Rs 500, and the maximum limit is Rs 1.5 lakhs per year.
  • 3. National Savings Certificate (NSC): NSC is a savings instrument offered by the Indian government. It provides a fixed rate of interest and offers tax benefits. The minimum deposit for an NSC account is Rs 100, and the maximum limit is Rs 1.5 lakhs per year.
  • 4. Senior Citizen Savings Scheme (SCSS): SCSS is a savings instrument designed for senior citizens. It offers an interest rate of 8.6% and provides tax benefits. The minimum deposit for an SCSS account is Rs 1000, and the maximum limit is Rs 15 lakhs per year.
  • 5. Unit Linked Insurance Plans (ULIPs): ULIPs are a type of insurance plan that provides both life insurance coverage and investment opportunities. They offer a variety of features, including tax benefits and the ability to switch between different funds.

These are the top 5 financial savings instruments in India. Each instrument has its own advantages and disadvantages, so it’s important to do your research before investing. With the right financial instrument, you can save a substantial amount of money and enjoy a secure financial future.

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Program Structure :

  • Duration –2 Months
  • Delivery Periodicity –Three Session in a Week
  • Session Duration –60 minutes
  • Delivery Type –Online / On Campus Instructor Led Classes
  • Batch Size –15 - 25

Shweta Pandey

A Commerce Gold medallist and a Management Professional by education, Shweta is a proficient Behavioural Skills Trainer.

Shweta carries over decades experience of in a mix of corporates and academics, out of which, over the period of the last 12 years, she has trained several Gen Z and millennials to empower them in the area of soft skills, behavioural skills Public Speaking etc..She also carries Teaching Experience from reputed academic institutions like St Francis, Manipal School etc and many more…

She has been associated with new age education technology companies as well as an Instructor and Guide for various Virtual Communication Interventions…She also carries certifications in Public Speaking and Business English Communication (BEC) certified trainer…

Shweta is an active member of the Lucknow Management Association, where she actively contributes to the management activities emanating from women’s empowerment.

Neeraj pandey

As a Leader, Neeraj, has over 21 years of experience in Marketing, Business Development, and Sales and related functions of Business Growth.

Academically, in addition to being a Science Grad, he is a Management Alumnus of NMIMS Mumbai and has completed a Leadership Management Course from IIM Ahmedabad.

Neeraj has held various Leadership positions in companies like HCL Group, ICICI Group, HDFC Group, Godrej Group. His recent assignment has been with All India Management Association as a Deputy Director - CMD

He, now, helps his clients scale their sales, revenues and customer growth through different actionable plans. He believes everyone can transform into their best version - through purpose, motivation, and process. He has experienced such changes through consistent atomic actions in himself and his clients.

Neeraj is also a Certified NLP Specialist, Practitioner and Consultant.

Neeraj coaches clients who wish to achieve the big dream and take committed actions. Most of his clients want to transition from a role, career, or industry. Some want to kickstart a hustle, be self-employed, or turn entrepreneurs.

Neeraj is a certified Executive Coach and Intelligent Leadership Coach, he endeavours to help more professionals experience coaching and change.

He also consults and supports SMEs to accelerate marketing, business development, and sales outcome.

Neeraj is a certified trainer in B2B complex sales and helps sales executives uncover value for their clients, master compelling conversations, and achieve measurable improvement in sales performance. He specializes in sales prospecting, consultative selling, account management, sales productivity, and sales coaching.

He is actively associated as a prominent member of Lucknow Management Association, and several MSME and Start up’s Forums.

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