Top Saving Schemes with Higher Returns in India

Most of the investors want to get maximum returns from their investments that too as fast as possible and without the risk of losing the principal amount. For this reason, a lot of them are always on a lookout of best investment plans that can help them double their money within a few months or years with a little or no risk involved.

Read more
Best Investment Plans
  • Save upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

Get Guaranteed returns upto 7.5%*
Invest in 100% Guaranteed Return Plans with Tax benefits under sec 80C & No Tax on returns*
+91
Secure
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

But most of the investment schemes that offer higher returns usually come with a certain level of risk. The risk involved and the returns offered are directly related, so the higher the risk, the higher the returns and vice versa. Therefore, it is important to evaluate your own risk profile with the risks associated before making the investment.

Some investment schemes involve high risk appetite but can offer inflation beating returns in the long term in comparison to the other asset classes. There are other investment options that have lower-risk quotient because they are low-return schemes.

Comparison Between
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
awards
Still Better than FD’s and Debt Mutual Fund
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
VIEW PLANS
*For annual premium upto ₹5 Lacs

Basically, your investment schemes fall under two categories- financial and non-financial assets. Financial assets can be divided into fixed income products such as Bank Fixed Deposits, Public Provident Funds, and market-linked products such as Mutual Funds and Stocks. Then there are non-financial assets in which most Indians invest- this includes Real Estate and Gold.

Put Your Money in Fixed Deposits (FDs)

Fixed Deposits are also known as term deposits. It is one of the most popular ways to save money in India. It is a safe investment scheme, offers good returns, and is easy to open. In an FD, you invest a lump sum in your bank for a specific duration at an agreed interest rate. You receive the invested amount at the end of the tenure with the compound interest.

Basically, you can put a portion of money that is lying idle in your savings account in to a fixed deposit account. Because fd rate of interest are higher than what your bank savings account has to offer. Even a short-term fixed deposit of a few months can help you get better returns if you have left your money in your Savings Account.

Just like a normal FD Account, you can also park your money in tax saving FDs that have a lock-in period of only five years. You can easily withdraw the amount after the maturity date or it will automatically get credited into your bank savings account.

You May like to Read: SBI FD Interest

FDs are recommended are for investors with low-risk appetite as there is no tax deduction on the interest earned. The interest rate may vary on the tenure of your interest and the bank 6.5% fixed deposit interest rates every year.

FD Interest rates are fixed when you open the deposit depending on the term that you have opted for and the amount deposited. For instance, HDFC FD rates for a one year fixed deposit of less than Rs. 2 Crore is 6.30 % and for a 5-year investment between Rs. 2 and 5 Crore is 6.10%. This rate may tend to vary, so you can go to the bank website to check the current FD interest rates. Even if the interest rates change after you open an FD, it will continue to get returns on the pre-determined interest rate unlike equities.

fd return beater

Salient Features of bank fixed deposits:

  • FDs make an easy investment with good returns

  • It offers flexibility and security

  • Senior citizens get a higher rate of interest on their deposits. If it 6% for general investors, it will be 6.5 for an investor older than 60 years.

  • The convenience of opening a fixed deposit through Net Banking

  • It promotes the habit of saving

  • No risk involved from market fluctuations

Public Provident Fund (PPF)

There is a lot of flexibility given to customers on opening a PPF account. It can be opened from your bank account or post office. A lot of private banks have made it convenient for their customers, as they can now open a PPF account online and manage their investments easily. The PPF provision is for 15 years, which can be increased in the blocks of five years.

This scheme was introduced by the National Savings Institute, under the Finance Ministry of India, in 1968. It is an effective savings instrument, specifically for tax savings. Any Indian citizen of at least 18 years of age is eligible to open a PPF account. There is no maximum age limit. Adults can open a Public Provident Fund account for minors.

Below are some of the features of a PPF Savings Scheme:

  • The interest rate is 7.9% annually (as of Oct 2019), which is then compounded every year

  • The minimum annual investment can be Rs. 500 and a maximum of Rs. 1.5 lakh

  • The minimum maturity period is 15 years. If required it can be extended further up to 5 years

  • The money can be invested in a lump sum or in maximum of 12 deposits in a year

  • There is flexibility to move it from one bank or post office to another

  • PPF is not applicable on joint accounts

  • It offers tax benefits* to investors under Section 80C and the interest accrued is tax-free

  • From the third-year onwards, the accumulated savings can be used as a collateral against loans for banks and financial institutions

FD interest rates India have fallen consistently over the last 12 years.
Invest in Plans that offer Guaranteed Returns for over 25 Years

Employees Provident Fund (EPF)

EPF is a savings scheme that was launched under the Employees’ Provident Fund and Miscellaneous Act, 1952. Employees Provident Fund is also a beneficial tax-saving investment scheme that helps employees save tax on their annual income.

Every organization that has more than 20 members is entitled to open an EPF Account for their employees. The EPF contribution is calculated every month on the basic pay. It helps in tax saving and there is a good amount of money that is accumulated till the end of the term.

In EPF, both the employer’s and employee contribute to the EPF Account every month. The Employee’s contribution towards EPF is 12% of the basic salary plus THE dearness allowance. And the Employer’s contribution is 8.33% towards EPS and 3.67% towards EPF.

Below are some of the features of an EPF Savings Scheme:

  • The contribution is from both the employee and the employer

  • The interest gets credited into the employee’s account on 1st April of every fiscal year.

  • The annual rate of interest on the funds accumulated in the EPF account is decided by the government, which usually ranges from 8% to 12%.

  • The online services can be availed with the help of a UAN number that is allotted by EPFO to every EPF Account Holder

Guaranteed return plan Guaranteed return plan

National Pension System (NPS)

NPS is a government sponsored pension scheme that is managed by the Pension Fund Regulatory and Development Authority (PFRDA). It is a great investment scheme for those who want to invest regularly in a pension scheme during their course of employment. Post retirement you can take out a portion of the corpus and receive the rest of it in the form of monthly pension.

Moreover, it offers you tax benefits* under Section 80C and 80CCD. It is a good investment scheme for those who have a low-risk appetite and want to secure their post-retirement years.

NPS is a mix of equity, corporate bonds, liquid funds, fixed deposits, and government funds, among others. You can choose how much money would be invested in equities based on your risk appetite. And the expected interest rate on the invested amount can range around 8% to 10%.

Senior Citizens' Saving Scheme (SCSS)

For senior citizens, a Senior Citizens' Saving Scheme (SCSS) makes a perfect addition in their investment portfolios. Anyone above the age of 60 years can start this scheme with a bank or a post office. The tenure of this scheme is five, which can be extended further by three years upon maturity.

The maximum investment limit is Rs. 15 lakhs and can be opened in more than one account. The annual interest earned on SCSS as of July 2019 is 8.6% for the July to Sept. quarter. It is taxable and is paid every quarter.

What You Should Do?

So, some of the investments mentioned were fixed-income and some were market-linked. It is suggested that you invest after considering your long-term goals, investment horizon, risk-appetite, and time horizon. Once you invest in any of the above-mentioned investment schemes, you would know how much savings you made and what will work best for you.

Allahabad Bank FD Interest Rates

Allahabad Bank FD Interest Rates

Andhra Bank FD Interest Rates

Andhra Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

Axis Bank FD Rates

Axis Bank FD Rates

Bajaj Finance FD Interest Rates

Bajaj Finance FD Interest Rates

Bandhan Bank FD Interest Rates

Bandhan Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of India FD Interest Rates

Bank of India FD Interest Rates

Bank of Maharashtra FD Interest Rates

Bank of Maharashtra FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

Canara Bank FD Interest Rates

Canara Bank FD Interest Rates

Capital Small Finance Bank FD Interest Rates

Capital Small Finance Bank FD Interest Rates

Central Bank of India FD Interest Rates

Central Bank of India FD Interest Rates

Citibank FD Interest Rates

Citibank FD Interest Rates

City Union Bank FD Interest Rates

City Union Bank FD Interest Rates

Corporation Bank FD Interest Rates

Corporation Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

DBS Bank FD Interest Rates

DBS Bank FD Interest Rates

Dena Bank FD Interest Rates

Dena Bank FD Interest Rates

Dhanlaxmi Bank FD Interest Rates

Dhanlaxmi Bank FD Interest Rates

Equitas Small Finance Bank FD Interest Rates

Equitas Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

HDFC Bank FD Interest Rates

HDFC Bank FD Interest Rates

HSBC FD Interest Rates

HSBC FD Interest Rates

ICICI Bank FD Interest Rates

ICICI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDFC First Bank FD Interest Rates

IDFC First Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

IndusInd Bank FD Interest Rates

IndusInd Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Muthoot Capital

Muthoot Capital

Nainital Bank FD Interest Rates

Nainital Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

PNB FD Interest Rates

PNB FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

RBL Bank FD Rates

RBL Bank FD Rates

Saurashtra Gramin Bank FD Interest Rates

Saurashtra Gramin Bank FD Interest Rates

SBI FD Interest Rates

SBI FD Interest Rates

Shriram Finance FD Interest Rates

Shriram Finance FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Travancore FD Interest Rates

State Bank of Travancore FD Interest Rates

Syndicate Bank FD Interest Rates

Syndicate Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

UCO Bank FD Interest Rates

UCO Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Union Bank of India FD Interest Rates

Union Bank of India FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Yes Bank FD Interest Rates

Yes Bank FD Interest Rates

Expand

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

FD Calculator

Total Investment

₹500 ₹30L
Enter Total Investment

Rate of Interest (Yearly)

1% 15%
Rate of Interest (Yearly)

Time Period

1 Year 15 Years
Enter Time Period
Interest Earned
Maturity Amount

FD Rates articles

Recent Articles
Popular Articles
Monthly FD Interest on ₹1 Crore

15 Apr 2024

A Fixed Deposit (FD) scheme helps to earn monthly FD interest on
Read more
Monthly FD Interest on ₹50 Lakh

11 Apr 2024

This article will help you to explore the potential returns of
Read more
How to Make the Most of Your Fixed Deposits with a Fixed Deposit Calculator in 2024

08 Jan 2024

Fixed deposits, with their guaranteed returns and relative
Read more
Mistakes To Avoid While Choosing Corporate Fixed Deposit

08 Jan 2024

When it comes to choosing Corporate Fixed Deposits, steering
Read more
How Does an FD Calculator Help Select the Right FD Scheme in 2024?

08 Jan 2024

In 2024, the role of Fixed Deposit calculators becomes
Read more
Application for Withdrawal of Fixed Deposit
Fixed Deposits are the safest investment instruments. You invest the amount of your choice as the fixed deposit
Read more
Which Bank has the Highest Interest Rate for Fixed Deposit?
The Small Finance Banks offer the highest FD interest rates for a tenure between 7 days to 10 years. Unity Small
Read more
SBI Fixed Deposit Monthly Income Scheme
Fixed deposits are the safest investment vehicles for Indian financial planners. You can open a fixed deposit
Read more
Nominee Vs Legal Heirs for Fixed Deposits
Fixed deposits are a popular investment option for individuals who wish to earn a stable rate of interest on
Read more
SBI Fixed Deposit Double Scheme
The SBI Fixed Deposit Double Scheme is named Special Term Deposit to cater to investors looking to double their
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL