Latest National Savings Certificate (NSC) interest rate: The government revises interest rate on all the small savings schemes every quarter, which includes National Savings Certificate.
Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, especially if you are a first-time investor in equity mutual funds. Compared to your usual investments like Public Provident Fund or National Savings Certificate, etc, ELSSs do not offer guaranteed returns. You may even suffer losses in a bad market.
Rather than doing tax planning in isolation, it should be a part of overall comprehensive financial planning. It can help you achieve financial goals along with maximising tax savings.
Know The Interest Rates Of Small Savings Schemes For Next Quarter; Axis Bank, Ujjivan SFB Revise FD Rates outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.