Public Provident Fund (PPF)
National Savings Certificate (NSC)
Post Office Monthly Income Scheme.
Government Bonds.
National Pension Scheme (NPS)
Sovereign Gold Bonds (SGBs)
Equity Mutual Funds.
Unit-linked Insurance Plans (ULIPs)
These are some of the other schemes where you can invest money, but in most cases the interest rates are very low, it is very good for people who do not want to take risk, for people who are old, for people who follow the conventional method of saving.
All these government schemes are very good, if you have to save on taxes and if you want to hold the money for the next generation, and not use it but each case interest rate is starting from 5% to 9% some are taxable, some are not taxable on maturity.
