Tax Saving
By LoanPandit
January 23, 2024
– Features: Govt. backed, 15-year lock-in, tax-free returns. – Benefits: Retirement planning, wealth creation. – Drawbacks: Low liquidity, long lock-in.
– Features: Market-linked, tax benefits up to Rs. 2 lakh. – Benefits: Retirement planning, flexible contributions. – Drawbacks: Lock-in till retirement, limited liquidity.
– Features: Equity investment, 3-year lock-in, tax benefits. – Benefits: High growth potential, tax savings. – Drawbacks: Market volatility, higher risk.
– Features: Insurance + investment, tax benefits. – Benefits: Insurance cover, tax savings. – Drawbacks: High charges, lock-in, complex structure.
– Features: Guaranteed returns, 5-year tenure, tax-free interest. – Benefits: Safe returns for seniors. – Drawbacks: Limited to seniors, less flexibility.