Family’s Financial Planning

There are lots of small saving schemes available in India that help with tax savings too. Many of them provide you guaranteed returns, high-interest rates and tax saving under various sections of the Indian Income Tax Act. These small savings plans not only provide growth to your money but also provide you with financial security at various stages of your life.

Depending on your needs, we can recomend the products best suited for you. Some things to consider before investing in a small savings scheme:

When do you need returns?
i.e. whether you need money in short term or long term

How much risk you can take?
i.e. whether you prefer safe investments or investments with some risk (e.g. bonds or equity)

What will be your investment pattern?
i.e. whether you want to invest a substantial amount one time, or small portions regularly

How much do you know about the product?
i.e. are you aware of the pros and cons of the scheme in which you are investing

For example if you are looking for short term savings then you can opt for post offices schemes , government bonds, mutual funds, and if you are interested in long term savings with good yields then insurance  might be  a better option for you.