Investment options in the next FY 2024-25. Financial products are plenty, which earns interest throughout year. For instance, Public Provident Fund (PPF). You can open a PPF account any bank or post office. It offers flexible investment option, i.e., you can deposit any amount and any day of your liking. It gives good returns. On the same lines, one can easily invest in life insurance policy and you can fix your premium date. You have ELSS, tax-saying fixed deposits, small savings schemes etc.
You can decide among two types of investments. One time investments like National Saving Certificate or repetitive nature like premium policies. But, if you are looking for tax saving schemes, it may be difficult to get one, which can offer similar savings in the long-run investments. Whenever there is a change of system, you may not get the same commitment, but once you choose, you cannot abandon!!
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